Advanced Commissions Gone Wild - Chargebacks!!!

[SportsNut]

You may have heard about the Indiana pilot that abandoned his plane in mid flight over Alabama, to leave on auto pilot and crash land in northern Florida. He apparently parachuted out of a perfectly good airplane in an effort to fake his death; (allegedly).

The reason for his angst is that he is a financial advisor and ins agent... one that apparently owes some back comms, in A BIG WAY, according to the article and court records.

Operating under the names of: Heritage Wealth Management Inc., Heritage Insurance Services, and Icon Wealth Management, Indianapolis, IN.

Chargebacks, according the article and court records:
$533,564 to OM Financial Life Insurance Company
$1.4 million to National Western Life

Read about Mark Schrenker here

 

[HomeService]

Chargebacks are the devil. I tell 'ya.... advances are from satan. Go "as-earned"...

 

[moonlightandmargaritas]

Hadn't heard about the chargebacks 'til now. I did see on the Internet that his wife had filed for d-i-v-o-r-c-e on December 30. The whole thing'd probably make for a good c&w song...

 

[Russ]

He crashed...er, the plane crashed about 50 miles west of me. Man, he's in a world of trouble. His life has come crashing down, literally.

 

[JRoot]

How in the world do you get that much in chargebacks!!! Holy crap. Fraudulent apps? I'd say a guy who tries to fake his own death is capable of it.

 

[Crabcake Johnny]

Yeah, read about this - what a baboon. Calls in that his windshield imploded and he's covered in blood. However, plan was found with the windshield intact - no blood and the door open. He also missed one obvious detail - no body. Kinda a "duh" moment.

 

[Russ]

Picture of he and his wife, soon-to-be EX-wife.....from Northwest Florida Daily News in Fort Walton Beach,FL.....

 

[moonlightandmargaritas]

Very clean. The plane I mean...

 

[SportsNut]

Picture of he and his wife, soon-to-be EX-wife.....from Northwest Florida Daily News in Fort Walton Beach,FL.....

Looks like a William McCorkle infomercial promo shot...

Maybe Mark and William could be cellmates, as Wm is still doing time for another few years based on his deceptions as a real estate investor / scam artist. Sounds like the two might have something in common.

William McCorkle

 

[Crabcake Johnny]

Luxury - looks like low mileage and he probably picked it up slightly used. Oh, and the car looks good.