The story

A man whose financial management business is under investigation faked a life-or-death emergency in his private aircraft before secretly parachuting out and letting his plane crash in the Florida panhandle, authorities said Monday.

The pilot, identified as Marcus Schrenker, 38, later checked into a hotel in Alabama under a fake name and then put on a black cap and fled into woods, authorities in Alabama said, according to the Santa Rosa County Sheriff's Office in Milton, Florida.

Authorities are searching for Schrenker. Read full article »

All About Destin (Florida)Federal Aviation Administration