A single engine airplane owned by Cambridge resident Marc Shrenker, 38, went down last night in a swampy area near Destin, Florida around 9:20 pm CST. He was discovered near Harpersville, Alabama.
Schrenker reported turbulence near Huntsville, Alabama. He later reported that the windshield had blown into the aircraft and moments later they lost contact with the plane over Gadsden, Alabama.
Coincidentally, Icon Wealth Management, the private investment company that Schrenker owns, was served a warrant on December 31st at his Cambridge home for securities fraud according to local authorities. Both his Cambridge home and offices on Fall Creek Parkway were raided and computers, laptops, and files were taken by police.
Update 1:10 pm EST
The Sheriff’s Office is still currently on scene maintaining security at the site of the plane crash that occurred in East Milton last night. As stated in the previous release, the pilot was not present at the crash site. The current investigation has revealed that the pilot, identified as Marcus Schrenker, 38 years old, from Indiana, appears to have intentionally abandoned the plane after putting it on auto pilot over the Birmingham, Alabama area and parachuting to the ground. Officials initially were told that the pilot had an in flight emergency and that the windshield imploded on the plane. The pilot stated that he was bleeding profusely. Radio contact with the plane was not able to be established after that point. When deputies located the plane at the crash site, no blood was present and the door to the plane was open. Santa Rosa County Sheriff’s Office officials received a call on 1/12/09 at 2:26 am from the Childersburg Police Department, in Alabama. Their officers told the Sheriff’s Office that a white male subject came up to one of their officers at a store in Childersburg and said that he had been in a canoeing accident with some friends. The subject was only wet from the knees down and had no other injuries. The subject was identified by the officer as Schrenker by means of an Indiana Drivers License. Schrenker also had some goggles that looked like they were made for “flying”. The officers in that jurisdiction were unaware of the plane crash incident at that time and took the subject to a nearby hotel in Harpersville, Alabama. Later after hearing about the airplane crash incident, Childersburg Police Department contacted our agency. Santa Rosa County Sheriff’s Office deputies confirmed that the subject that was transported to the hotel had the same name as that of the pilot that was involved in the airplane crash in our county. Childersburg Police Department was advised of this and they went back to the hotel where Schrenker was dropped off. Schrenker checked into the hotel under a fictitious name. When authorities entered Schrenker’s room he was not there. After Schrenker paid for his room with cash, he put on a black toboggan cap and ran into the woods located next to the hotel. Authorities in that jurisdiction are continuing to look for Schrenker. Numerous local, state, and federal agencies are currently assisting in Alabama, Indiana, and Florida in an effort to locate Schrenker. The FAA and the NTSB has just arrived to the crash site to begin their investigation into the crash.