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Troubled pilot to remain in hospital over weekend

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  • NEW: Pilot not likely to be moved from hospital, U.S. Marshals Service says
  • Marcus Schrenker in "fair and stable" condition, officials say
  • Schrenker faces charges related to crash of plane
  • Police: Schrenker bailed out of plane before crash
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(CNN) -- A man suspected of trying to fake his death by parachuting out of a plane before it crashed likely will stay in the hospital over the weekend, the U.S. Marshals Service said Friday.

Schrenker reportedly checked into a hotel in Harpersville, Alabama, south of Birmingham, after the crash.

Marcus Schrenker was taken to a hospital after being found Tuesday near Quincy, Florida, authorities say.

Financial manager Marcus Schrenker was found Tuesday at a campsite near Quincy, Florida, after ditching his plane over Alabama.

Authorities said they discovered him incoherent and bleeding profusely from apparently self-inflicted cuts to his wrist and left forearm in a likely suicide attempt. He probably would not have survived another hour without medical help, officials said.

Schrenker, 38, is in "fair and stable" condition Friday at Tallahassee Memorial HealthCare in Florida, the U.S. Marshals Service said. He likely will not be moved this weekend, they said.

U.S. Marshals spokesman Scott Wilson said earlier this week that Schrenker would be transferred to Pensacola, Florida, next. Federal charges were filed against him Wednesday in U.S. District Court in that city. The date of this first appearance depends on his release from the hospital.

Prosecutors allege Schrenker intentionally communicated a false distress message from his private plane and caused the Coast Guard "to attempt to save lives and property when no help was needed."

He also is charged with willfully damaging, destroying or wrecking an aircraft.

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Indiana prosecutors charged Schrenker on Tuesday with one felony count each of an unlawful act by a compensated adviser and unlawful transaction by an investment adviser. Authorities said they believe Schrenker defrauded investors through three companies he owns that are based in an Indianapolis, Indiana, suburb.

Indiana officials have agreed to allow the federal case against Schrenker to proceed before seeking to have him extradited there, according to a statement from the U.S. attorney's office in the Northern District of Florida.

CNN's Tristan Smith contributed to this report.

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