Close Menu
  • Home
  • COMMUNITY NEWS
  • LOCAL NEWS & EVENTS
  • SCHOOL NEWS
  • MILITARY NEWS
  • CRIME / PUBLIC SAFETY
  • THINGS TO DO
  • HEALTH & WELLNESS
  • HOME & GARDEN
  • NORTHWEST FLORIDA NEWS
  • FLORIDA NEWS
  • Contact
Facebook
Facebook X (Twitter) YouTube
Niceville.com
Niceville.com
Home»CRIME / PUBLIC SAFETY»Fraudulent loans funded Ferrari, Jeep, boat for Pensacola man
CRIME / PUBLIC SAFETY

Fraudulent loans funded Ferrari, Jeep, boat for Pensacola man

Niceville.comSeptember 30, 20251 Min Read
judge gavel lies beside books on wooden background
Judge's gavel. (File photo)

PENSACOLA, Fla. — A Pensacola man has pleaded guilty to three counts of bank fraud, announced the U.S. Attorney’s Office for the Northern District of Florida.

Advertisement
A square digital ad for Midbay Veterinary Hospital with multiple dogs of different breeds, a blue veterinary cross logo, Dr. Maya Chapman’s contact information, and a “Click” button for scheduling an appointment.

Niceville.com Community Partner

According to prosecutors, Shawn Steele, 52, admitted to making false statements about his income in loan applications between January 3, 2023, and June 30, 2023. The loans, from PenAir Credit Union and Central Credit Union of Florida, financed a Jeep Wrangler, a Ferrari 488 Pista, and a Cape Horn boat.

“I am proud of the excellent investigative work by our federal law enforcement partners that uncovered and stopped this fraudster’s scheme,” said U.S. Attorney John P. Heekin.

“This successful prosecution should serve as a warning to others who think they can fraudulently enrich themselves by ripping off banks. Doing so will only book you a one-way ticket to prison.”

Sentencing is scheduled for December 17, 2025, at 11 a.m. before District Judge M. Casey Rodgers. Mr Steele faces up to 30 years in prison, followed by five years of supervised release.

Advertisement
Eglin Federal Credit Union auto loan ad with family and open road theme.

The case was investigated by the Federal Bureau of Investigation. Assistant U.S. Attorney Jeffrey M. Tharp is prosecuting it.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleNiceville Chamber to host Florida economy luncheon Oct. 14
Next Article K9 Beau leads deputies to swamp fugitive wanted in battery cases

Related Posts

Handcuffs on top of a set of fingerprints file

Alleged Spice ring smashed in Pensacola, 5 suspects hauled off to jail

October 1, 2025
Head and shoulders portrait of Okaloosa County Sheriff Eric Aden in uniform with American flag behind his right shoulder

Court strikes down Florida open carry ban, Sheriff Aden responds

October 1, 2025
Wet OCSO K9 Beau sits in the back of a truck after tracking a fugitive through swampy terrain.

K9 Beau leads deputies to swamp fugitive wanted in battery cases

September 30, 2025
Advertisement
The Wharf 850 Niceville, Florida

Niceville.com Community Partner

Categories
  • COMMUNITY NEWS
  • CRIME / PUBLIC SAFETY
  • FLORIDA NEWS
  • HEALTH & WELLNESS
  • HOME & GARDEN
  • IT'S GEEK TO ME
  • LARRY WILLIAMS
  • LOCAL NEWS & EVENTS
  • MARKETPLACE NEWS
  • MILITARY NEWS
  • NORTHWEST FLORIDA NEWS
  • OUTDOORS
  • ROADS / TRANSPORTATION
  • SCHOOL NEWS
  • THINGS TO DO
Advertisement
Eglin Federal Credit Union auto loan ad with family and open road theme.
COMMUNITY PARTNERS
  • EGLIN FEDERAL CREDIT UNION
  • EYEWEAR UNLIMITED
  • HAIR EXPRESS
  • MIDBAY VETERINARY HOSPITAL
  • NICEVILLE FARMERS MARKET
  • NICEVILLE INSURANCE AGENCY
  • RUCKEL PROPERTIES, INC.
  • THE WHARF 850
Advertisement
Eglin Federal Credit Union auto loan ad with family and open road theme.
Categories
  • COMMUNITY NEWS
  • CRIME / PUBLIC SAFETY
  • FLORIDA NEWS
  • HEALTH & WELLNESS
  • HOME & GARDEN
  • IT'S GEEK TO ME
  • LARRY WILLIAMS
  • LOCAL NEWS & EVENTS
  • MARKETPLACE NEWS
  • MILITARY NEWS
  • NORTHWEST FLORIDA NEWS
  • OUTDOORS
  • ROADS / TRANSPORTATION
  • SCHOOL NEWS
  • THINGS TO DO
Advertisement
The Wharf 850 Niceville, Florida

Niceville.com Community Partner

Advertisement

Niceville.com Community Partner

ABOUT NICEVILLE.COM

PRIVACY POLICY

TERMS OF SERVICE

© 2025 Niceville.com. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.