Authorities contend that Schrenker was trying to escape financial collapse. His investment advisory firm Heritage Wealth Management Inc. had numerous court judgments and lawsuits pending, including a $1.4 million lawsuit claiming Schrenker had failed to pay back commissions from insurance polices that never materialized.
Schrenker said he's no Bernie Madoff, the investment fund manager accused of bilking clients for billions of dollars in a Ponzi scheme.
"What happened is the market imploded. We all know that. And our losses were genuine," Schrenker said.
"Look at Madoff, his issue was a $50 billion issue. People love to jump on these stories. They say, 'Look he was flying his own aircraft, had Lexuses, all these things,'" he said. "My situation, we're talking about $50,000 that may have been misappropriated. May have been."
Schrenker also denied that he'd stashed a motorcycle in a self-storage facility in Alabama to use for a getaway, although he admitted it was his motorcycle.
"I can't talk about that. But it was, it's completely untrue. It's really a stretch," Schrenker said.
"It's a stretch to say I could preplan all these things," he said. "We'd lived in Atlanta, and we had motorcycles down there that we'd go riding across the countryside. But the motorcycle was not where someone suggested, it was not used for that."
Schrenker also said he's trying to reconcile with his wife, Michelle, and their children.
The couple's assets were frozen, but Schrenker appealed to Indiana authorities to unfreeze the assets of his wife, listed as his company's chief financial officer, saying she had nothing to do with his alleged financial misdeeds.
"I miss them," Schrenker said. "I was the rock in the family. And not a night goes by that I don't cry for them."
ABC News' Sarah Netter and The Associated Press contributed to this report.