One of the most unusual manhunts has come to an end.

Marcus Schrenker, the Indiana businessman accused of trying to fake his own death by parachuting out of a small plane, is under arrest in Florida. He’s also hospitalized after apparently trying to take his own life.

Late yesterday, Federal and local authorities discovered large amounts of blood around Schrenker’s tent in a remote campground, north of Tallahassee, Fla. They found Schrenker inside with a large cut on his left wrist, which investigators believe was self-inflicted.

Assistant Chief Deputy U.S. Marshal Frank Chiumento was on the scene and describes what happened:

He wasn’t resistant physically, but he was verbally when he was muttering words… I took it where he was trying to say that he didn’t want any medical attention. He mentioned the word ‘die’ one or two times.

Authorities administered first aid at the scene. A helicopter flew Schrenker to a hospital in Tallahassee, where he is listed in fair condition.

Schrenker is expected to make a full recovery and face extradition to Indiana to answer charges of financial fraud.

The 38-year-old financial adviser is under investigation for allegedly selling investment products after his state license expired, and for allegedly redistributing some of his clients’ funds without their authorization.

Schrenker now faces additional charges stemming from allegations of making a fake distress call and intentionally crashing his plane. On Sunday, Schrenker radioed ground controllers that a cockpit window had imploded, spraying him with glass.

But when military pilots located the plane in flight before it crashed in the Florida Panhandle, they reported the windows undamaged  and the aircraft’s door open with no sign of anyone inside.

Authorities say Schrenker left the plane on auto-pilot and parachuted over central Alabama, where he reclaimed a motorcycle he had left at a storage facility the day before. Investigators say they found the motorcycle near Schrenker’s tent at the campsite in Florida.

Just hours before Schrenker’s arrest, his wife’s attorney released a written statement about another issue facing the Indiana businessman — the pending breakup of his marriage. Attorney Mary Schmid writes:

I represent Michelle Schrenker. Michelle first contacted me this past summer to discuss a divorce this past summer because her husband was having an affair.  At the time, she wanted to work on reconciling with her husband. However, he continued his affair. and, as a result, on December 30th 2008, she filed a petition for dissolution of her marriage from Marcus Schrenker. Her decision to file for divorce was based on her husband’s infidelity and in no way was based on the investment fraud of which he is accused.  In fact, Michelle first learned of the allegations against him when, on December 31st 2008, the police and investigators came to her door to search her home. To Michelle’s dismay, at the time her home was being searched, Marcus was in Florida with his girlfriend. Clearly, Michelle and her three young children are victim’s of this man’s deceitfulness as well. She is not guilty of anything other than trusting her husband of 13 years. Everyone should remember that Michelle and her children are suffering through a terrible time right now. Through no fault of their own, they are having to deal with the repercussion’s of this man’s behavior and will be doing so for a long time to come.

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