Clayton Lloyd Iley, 41, a businessman from Stephenville, Texas, was sentenced to 160 months in federal prison for wire fraud and aggravated identity theft. Between January 2020 and May 2026, he stole more than two million dollars by telling victims they could invest in a fake bond note loan program supposedly linked to the Defense Department. He ran an insurance brokerage in Cross Plains and also used clients’ personal information to obtain credit cards without their knowledge. As part of his plea agreement, he agreed to forfeit more than 90 exotic and collector vehicles, including at least seven Lamborghinis, Ferraris and Maseratis, as well as classic American cars. Authorities have seized 22 vehicles so far and plan to sell them to compensate victims.
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