Davidson was convicted of sending millions of spam messages promoting penny stocks which he then traded when the price rose. Police estimate he made over three million dollars before he was caught.
After his conviction for tax evasion and falsifying email headers Davidson was fined US$714,139 and had gold coins and property seized by the authorities. Coincidentally the coins are being auctioned off by the IRS today.
Davidson was being kept in a minimum security facility in Florence, Colarado and absconded on Sunday.
"He jumped in the car with his wife," Will Cochenour of Lakewood police told The Rocky Mountain News.
"When they were leaving, he forced her in the car, brought them home and left after a change in clothing. He's still at large."
U.S. Marshals are leading the search for Davidson, with the FBI, IRS and the Rocky Mountain Safe Streets Task Force assisting.
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