Schrenker, 39, was jailed by Indiana Superior Court Judge Steven Nation in Noblesville, Indiana.

The jail term is to run consecutively with a four-year federal sentence imposed last year for crashing his plane and sending a false distress call. Nation affirmed a deal Schrenker made with prosecutors in August after pleading guilty to five counts of fraudulently selling securities. He must also pay $610,000 in restitution.

The former president of Heritage Wealth Management in Indianapolis, Schrenker was under investigation when he flew his Piper model PA46-500TP plane on 11 January, 2009, from Indiana and bailed out over southern Alabama. The plane crashed in the Florida panhandle area.

Law enforcement officials found him at a campground near Quincy, Florida, bleeding from gashes in his arms. Schrenker said in a letter later he was on the way to Destin, Florida, to visit his father when he jumped and retrieved a motorcycle he had put in a storage unit.

Schrenker’s lawyer, P Chadwick Hill of Indianapolis, today told the court his client suffered from stress, bi-polar disease and reliance upon drugs and alcohol.