Schrenker Experiences Medical "Set Back"

Marcus Schrenker, 38, will not be released from the hospital Thursday as originally expected. A spokesperson for the Gadsden County Sheriff's Office says the Indiana pilot, who was taken into custody Tuesday night, experienced a "set back" delaying his medical clearance until Friday.

Once he is released from the hospital, Schrenker will be escorted by U.S. marshals to a federal detention center in Pensacola, according to Lt. Jim Corter.

Wednesday, Schrenker was charged with intentionally wrecking his plane in mid-air and making a false distress call. If convicted of the federal charges, Schrenker could face 20 years in prison, and he could also be forced to repay $38,000, which the Coast Guard spent attempting to rescue him.

Investigators believe Schrenker's failed attempt to fake his death during a flight from Anderson, Indiana to Destin, Florida was an effort to avoid a fraud investigation by the Indiana Secretary of State's office.

According to the U.S. Marshals Service, Schrenker radioed air traffic controllers Sunday night claiming his windshield imploded and he was bleeding profusely. Investigators say Schrenker then parachuted out of his airplane near Childersburg, Alabama and fled on a red motorcycle he stashed in the area the day before the now infamous flight. Schrenker's plane, a single-engine Piper, crashed less than 100 yards from a neighborhood in East Milton, Florida.

Tuesday, Indiana's Secretary of State charged Schrenker with two counts of securities fraud for acting as an investment adviser after his license lapsed last month. Schrenker is also accused of stealing millions of dollars from investors, but charges involving those allegations have not yet been filed.

Schrenker was found Tuesday night at a campground near Quincy, Florida. Officers say he was "near death" after slitting his wrist in a failed suicide attempt.

Schrenker will face the federal charges before he is extradited back to Indiana.