Search teams might have found the wreckage of the plane Steve Fossett was flying when he disappeared more than a year ago.

The team spotted the wreckage while flying over an area where a hiker had found identification with the missing adventurer’s name, said officials with the Madera County, California Sheriff’s Department.

The hiker said he found three identification cards with Fossett’s name on them as well as $1,000 in cash west of the city of Mannoth Lakes.

Fossett was last seen on the morning of September 3, 2007. He took off in a single-engine plane from his home in Nevada on what he called a "pleasure flight". He planned to be out for two to three hours and then return for lunch. He did not return. A search at the time failed to locate Fossett or the plane and was officially suspended one year ago today.

A Chicago probate court judge declared Fossett dead in February.

Fossett adopted St. Louis as a second home after graduating from Washington University in St. Louis.