Tuesday, January 13, 2009

Securities fraud suspect goes DB Cooper

Via TPM, ABC News reports that the Feds are hunting for Indiana investment advisor Marcus Schrenker who is suspected o securities fraud, but Schrenker has gone missing,
Schrenker parachuted out of his company-owned plane over Alabama Sunday; the plane continued flying on autopilot before crashing into Florida swampland two hours later.

Schrenker was at the controls of a single-engine Piper Malibu when he sent out what authorities describe as a phony distress call while flying over northern Alabama, Sunday evening.

He told air traffic controllers that he was experiencing turbulence, that his windshield had blown into the plane and that he was bleeding profusely.

Federal Aviation Administration spokeswoman Kathleen Bergen said the controllers lost contact with Schrenker shortly after, but continued to track his plane for more than two hours before it crashed in Milton, Fla., about 230 miles away.

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