Texas businessman gets 13 years in federal prison as feds seize his Lamborghinis, Ferraris, Firebird and dozens more cars to pay back fraud victims
Clayton Iley pitched a fake Defense Department loan program and used victims' identities to fund 90-plus collector vehicles, prosecutors say.
Clayton Lloyd Iley, a 41-year-old businessman from Stephenville, Texas, has been sentenced to 160 months in federal prison for wire fraud and aggravated identity theft, according to the U.S. Attorney’s Office for the Northern District of Texas. Iley allegedly embezzled over $2 million from his victims, using it to purchase more than 90 exotic and collector vehicles.
The seized vehicles include Lamborghinis, Ferraris, Maseratis, Dodge Vipers, a Porsche Taycan, a Mercedes-AMG coupe, a Jeep Gladiator, a Ram pickup, a 1968 Firebird, a 1979 Trans Am, three Camaros, a 1973 Plymouth, a Humvee, and two military trucks. The total value of the vehicles ranges from $1.8 million to $3.1 million. Iley previously pleaded guilty to the charges in June, and a U.S. district judge imposed the sentence on October 1.
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