This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/world/americas/7827787.stm
The article has changed 4 times. There is an RSS feed of changes available.
| Version 1 | Version 2 |
|---|---|
| US 'fake death businessman' found | US 'fake death businessman' found |
| (about 2 hours later) | |
| A US businessman suspected of faking his own death in a plane crash has been found by the police in Florida alive and well. | A US businessman suspected of faking his own death in a plane crash has been found by the police in Florida alive and well. |
| Marcus Schrenker, who is accused of stealing millions of dollars from investors, has been taken into custody after being treated in hospital. | Marcus Schrenker, who is accused of stealing millions of dollars from investors, has been taken into custody after being treated in hospital. |
| It is thought he parachuted out of his company aeroplane after making a fake distress call. | It is thought he parachuted out of his company aeroplane after making a fake distress call. |
| The plane crashed into a swampy area in north-western Florida. | |
| The Indiana businessman was arrested on Tuesday night at a campsite in Quincy, northern Florida. | The Indiana businessman was arrested on Tuesday night at a campsite in Quincy, northern Florida. |
| A police officer told AP news agency that Mr Schrenker had a self-inflicted gash to his left wrist which was "very serious at the time," and required medical attention as he was "bleeding profusely." | |
| The 38-year-old, who had already been ordered by a court to pay out $533,500 (£366,500), faces a possible jail sentence if found guilty on charges of securities fraud. | The 38-year-old, who had already been ordered by a court to pay out $533,500 (£366,500), faces a possible jail sentence if found guilty on charges of securities fraud. |
| His wife, Michelle, has filed for divorce, saying that Marcus Schrenker was having an affair. | His wife, Michelle, has filed for divorce, saying that Marcus Schrenker was having an affair. |
| Stashed motorbike | Stashed motorbike |
| Mr Schrenker was the only person aboard a single engine Piper plane that took off for Florida on Sunday from Anderson, Indiana. | Mr Schrenker was the only person aboard a single engine Piper plane that took off for Florida on Sunday from Anderson, Indiana. |
| When the authorities received a distress call from the pilot as he flew over Alabama, a rescue operation was launched. | When the authorities received a distress call from the pilot as he flew over Alabama, a rescue operation was launched. |
| Two military planes were scrambled and they found Mr Schrenker's plane flying on autopilot, with its door open and no sign of the pilot. | Two military planes were scrambled and they found Mr Schrenker's plane flying on autopilot, with its door open and no sign of the pilot. |
| The plane then crashed in a swampy area near Milton, Florida, close to several homes. | The plane then crashed in a swampy area near Milton, Florida, close to several homes. |
| But investigators said the wreckage showed no signs of blood or a smashed windshield. | But investigators said the wreckage showed no signs of blood or a smashed windshield. |
| The Indiana businessman is thought to have sped off on a motorcycle he had hidden in the pine barrens of central Alabama. | The Indiana businessman is thought to have sped off on a motorcycle he had hidden in the pine barrens of central Alabama. |
| A man with Mr Schrenker's identification apparently checked into a hotel in Alabama after the crash, telling police he had been in a canoeing accident, before being seen running away into nearby woods. | A man with Mr Schrenker's identification apparently checked into a hotel in Alabama after the crash, telling police he had been in a canoeing accident, before being seen running away into nearby woods. |
| Investigators believe Mr Schrenker's plan was to let the plane crash into the Gulf of Mexico, but the plane ran out of fuel first. | Investigators believe Mr Schrenker's plan was to let the plane crash into the Gulf of Mexico, but the plane ran out of fuel first. |
| Police search | Police search |
| The Indiana Department of Insurance filed a complaint against Mr Schrenker last January on behalf of seven investors who claimed he cost them more than $250,000 because he never told them they would face high fees to switch annuities. | The Indiana Department of Insurance filed a complaint against Mr Schrenker last January on behalf of seven investors who claimed he cost them more than $250,000 because he never told them they would face high fees to switch annuities. |
| Authorities say Mr Schrenker was desperate to avoid a prison sentence | Authorities say Mr Schrenker was desperate to avoid a prison sentence |
| A hearing in the case was scheduled for next week. | A hearing in the case was scheduled for next week. |
| On Tuesday, prosecutors alleged Mr Schrenker had been advising clients even though his licence expired on 31 December. | |
| A judge ordered him to be arrested on financial fraud charges. | |
| Authorities in Indiana have been probing Mr Schrenker's financial management businesses - Heritage Wealth Management Inc, Heritage Insurance Services Inc and Icon Wealth Management - for possible securities violations, said Jim Gavin, spokesman for Indiana's secretary of state. | Authorities in Indiana have been probing Mr Schrenker's financial management businesses - Heritage Wealth Management Inc, Heritage Insurance Services Inc and Icon Wealth Management - for possible securities violations, said Jim Gavin, spokesman for Indiana's secretary of state. |
| Officers searched Mr Schrenker's home on 31 December looking for computers, notes, photographs and other documents related to those companies, said Mr Gavin. | Officers searched Mr Schrenker's home on 31 December looking for computers, notes, photographs and other documents related to those companies, said Mr Gavin. |
| On Friday, two days before the crash, a federal judge in Maryland issued a $533,500 judgment against Heritage Wealth Management Inc, in favour of a life insurance company. | On Friday, two days before the crash, a federal judge in Maryland issued a $533,500 judgment against Heritage Wealth Management Inc, in favour of a life insurance company. |