A federal sentencing hearing has been delayed for a Mississippi man convicted of taking a $1.6 million bank loan to buy a Florida condo and instead spending the money on other things, including a Bentley car.

Seneca O. McField was convicted of bank fraud and money laundering in U.S. District Court on Nov. 4. His sentencing was set for Monday. It was pushed back to March 3.

McField was accused of making false statements to Merchants and Farmers Bank in 2004 to secure the loan for a condo in Sarasota, Fla.

Prosecutors say McField spent $429,000 on a 2005 Bentley Arnage T vehicle.