MILTON, Fla. — An Indiana businessman whose financial- management companies were under investigation apparently bailed out of his small plane and let it crash in what may have been an elaborate attempt to fake his own death.
Authorities searched Monday for Marcus Schrenker after he apparently made a phony distress call and secretly parachuted to safety near Birmingham, Ala. His single-engine plane continued flying on autopilot and eventually crashed late Sunday more than 200 miles away in a swampy area of the Florida Panhandle.
In the weeks before the crash, Schrenker’s life was spiraling downward: He lost a half-million-dollar judgment against one of his companies when he skipped a court hearing. His wife filed for divorce, and investigators probing his businesses for possible securities violations searched his home and office.
