Latex gloves sit on a picnic table near the spot where U.S. Marshals took Marcus Schrenker into custody Tuesday at the KOA campground in Chattahoochee, Fla.
(Tallahassee Democrat/AP Photo)FAA spokeswoman Kathleen Bergen told ABCNews.com today that they have launched their own investigation in addition to assisting the National Transportation Safety Board, which is investigating the plane crash.
"The FAA is investigating the matter to determine if there were any violations of the aviation safety regulations," she said.
While the FAA does not have authority to hand down criminal charges, it can institute civil fines and revoke licenses and certificates needed to operate an plane or other aircraft.
Schrenker is already facing two counts of acting as an investment adviser after his license expired Dec. 31, according to documents provided by Indiana Secretary of State's Office spokesman Jim Gavin.
Gavin told ABCNews.com that a Hamilton County Superior Court judge froze Schrenker's assets and those of his wife late Monday. Schrenker parachuted out of his company-owned plane over Alabama Sunday; the plane continued flying on autopilot before crashing into Florida swampland two hours later.
Gavin said the assets will be frozen for 10 days until a scheduled hearing to determine the fate of Schrenker's considerable wealth. He currently has three businesses in his name: Heritage Wealth Management, Heritage Insurance Services and Icon Wealth Management.
His home and business were raided by authorities Dec. 31 as part of an investigation into possible securities fraud, Gavin said, based on "complaints made to the Indiana Securities Division ... by investors."
During the raid agents seized passports, $6,036 in cash, the title to a Lexus and deposit slips for bank accounts in Michelle Schrenker's name, according to The Associated Press. Also taken were six computers and nine large plastic tubs filled with various financial and corporate documents.
In an affidavit, investigators suggested Schrenker might have access to at least $665,000 in the offshore accounts of a client.
The judge set bond for Schrenker at $4 million cash. Each felony charge carries a possible sentence of two to eight years in prison.
Britt, who received Schrenker's e-mail Monday evening, told ABCNews.com that the 300-word confessional didn't address his whereabouts at the time but included messages for his wife and children.
"When life becomes too much, people do stupid things," Britt quoted the e-mail as saying. "My heart just started racing, especially when I got to the bottom of the e-mail and it said, 'By the time you read this, I'll be gone.'"
Britt, taking that as a suicide threat, called 911 and was contacted by the U.S. Marshals Service, which asked him not to release the e-mail to the public.
"It was very remorseful," Britt said of the e-mail. "He felt very apologetic for what happened."
Schrenker's last known activity before police found him Tuesday was at a storage facility in Harpersville, Ala., Monday that he had rented using his stepbrother's name and identification a day before he jumped from the plane. There he stored a red motorcycle, which he picked up after jumping from the plane and took off, police said.
Schrenker and his investment advisory firm Heritage Wealth Management Inc. had numerous court judgments and lawsuits pending, including a $1.4 million lawsuit claiming Schrenker had failed to pay back commissions from insurance polices that never materialized.
"I'm terrified, horrified, I don't know what's happening," Schrenker's mother, Marcia Galoozis, told ABC News." "I have no idea, he could be delirious, could be concussional -- we don't [know] his state of mind. I think he just -- I don't know. If all this is true it's overwhelming."
Schrenker's disappearance came days after his stepfather was buried. His stepfather died from lung cancer only three weeks after he was diagnosed. Schrenker attended the funeral with his wife and children.
Galoozis said the family was shocked by the recent events.
"He loved his children, loved his family, loved his house," she said. "He loved people, he loved his family. I don't know what's happened."
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