Judge sentences Clayton Iley to 13 years in federal prison; orders $6.7 million in restitution.
Clayton Iley By SARA VANDEN BERGE A disgraced former Stephenville businessman learned his fate today. Clayton Iley, former owner of Texas Legacy Insurance Group, pleaded guilty to federal wire fraud and identity theft and was sentenced to a little more than 13 years in prison by U.S. District Judge Mark Pittman. Iley faced a maximum penalty of up to 20 years in federal prison for the wire fraud offense and a mandatory sentence of two years in prison for aggravated
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