PENSACOLA, Fla. – A Pensacola man who used false income information to obtain nearly $650,000 in loans for a Ferrari, Jeep Wrangler and boat has been sentenced to two years in federal prison.
Shawn Steele, 52, was sentenced for making false statements to federally insured financial institutions, the U.S. Attorney’s Office for the Northern District of Florida announced Friday.
Between March 7 and June 30, 2023, Steele obtained loans from Pen Air Credit Union and Central Credit Union of Florida to finance three major purchases: a Jeep Wrangler, a Ferrari 488 Pista and a Cape Horn boat…