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Schrenker was an amateur daredevil pilot who used money he stole from investors to buy planes, luxury cars and a 10,000-square-foot home in an upscale suburban Indianapolis neighborhood nicknamed “Cocktail Cove,” where affluent boaters often socialized, prosecutors say.

They say Schrenker bilked nine clients, including a friend of 10 years and his own aunt, out of a total of about $1.5 million they thought they were investing in a foreign currency fund that didn’t really exist.


Bridal scam brings plea

BOSTON | A Pittsburgh woman has pleaded guilty to allegations she defrauded advertisers and exhibitors out of thousands of dollars with a fake bridal show in Boston.

Prosecutors are recommending a five-year prison sentence for Karen Tucker, who pleaded guilty Thursday to charges of wire fraud and aggravated identity theft in U.S. District court in Boston. The defense is seeking a three-year prison term.

Tucker and an uncharged coconspirator allegedly posed as representatives of a business known as the Boston 411, which promoted a nonexistent home and bridal show at the Hynes Convention Center in March.

Tucker told a judge that she served in the Marines in the 1980s and has been treated for schizophrenia and a “social disorder.”

Her attorney says she has taken responsibility for her actions.

Sentencing is scheduled for Jan. 12.


Suspect faces new charges

FLINT | The suspect in a series of stabbings in Michigan and two other states is also facing a charge of malicious destruction of property.

Genesee County Prosecutor David Leyton says Elias Abuelazam is accused of smashing a car window July 12 outside a bar in Genesee Township, about eight miles north of Flint, Mich.

The felony charge Thursday carries a maximum penalty of five years in prison.

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