Clayton Iley’s exotic cars will be sold to fund restitution to his victims.
Everyone has been wondering what’s going to happen to all those exotic cars that once belonged to 41-year-old Clayton Iley.
Well, now we have the answer.
Iley was sentenced on Oct. 1 to more than 13 years in federal prison for wire fraud and aggravated identity theft.
As part of his plea deal, according to United States Attorney for the Northern District of Texas, Ryan Raybould, Iley agreed to forfeit over 90 exotic collector vehicles obtained with funds from his fraudulent scheme.
“Clayton Iley’s conduct caused real financial and emotional harm to the victims he targeted, many of whom trusted him with their personal information and hard‑earned money,” said U.S. Attorney Ryan Raybould.
“This sentence reflects our commitment to holding fraudsters accountable. Those who steal from members of our community, manipulate them with fabricated schemes and misuse their identities will face significant federal consequences.”
To date, federal investigators have seized and secured a preliminary order of forfeiture for the following vehicles which will be sold to fund restitution owed to the victims of Iley’s fraud scheme:
2012 Lamborghini Model Ave
2016 Ferrari Model 488
2022 Maserati Model MC20
2021 Porsche Taycan
2013 Toyota Model Tundra
2014 Dodge SRT Viper
2022 Maserati Model MC20
2018 Ferrari Model 488
2022 Maserati Model MC20
2015 Lamborghini Model Huracan
2023 Jeep Gladiator
2015 Lamborghini Huracan
2012 Lamborghini Aventador
1968 Pontiac Model FB
1989 AM G M99
1990 BMY M923A
1993 AM General
Iley was ordered to pay $6,715,132.90 in restitution to his victims.
PRESS RELEASE FROM US ATTORNEY FOR THE NORTHERN DISTRICT OF TEXAS
“According to court records, Iley operated an insurance brokerage business named Clayton Texas Legacy Insurance Group, LLC from its headquarters in Cross Plains, Texas and offered home, auto, life, health, “farm & ranch, and commercial insurance policies to the public.
Court documents show from January 2020 through May 2026, Iley used at least two entities he controlled, Texas Legacy Holdings and Enterprises, LLC and Spartan Global Security, LLC dba as “Black Eagle PMC” to conduct financial transactions.
“Texas Legacy Holdings operated as a holding company and was used to conduct financial transactions. Spartan Global purported to offer private security services, commercial security services, corporate security services, and private military contracting services. Iley defrauded victims by, among other things:
Falsely representing to victims that he could invest their funds in a “Bonded Note” loan program that was provided by the U.S. Department of Defense to private military contractors, when in reality, Iley knew the relevant loan program did not exist; during the relevant time period, Iley collected over $2 million based on this misrepresentation and used the funds to pay his own personal expenses and to execute other parts of his fraudulent scheme
Falsely represented to specific Texas Legacy Insurance clients that he would accept client funds and cause Texas Legacy Insurance to initiate requested insurance policies on their behalf, when in in reality, Iley knew he would accept their insurance premium payment funds, fail to open requested insurance policies, and instead intended use their funds to pay his own personal expenses and to fund the relevant fraudulent scheme
Provided victim personal identifying information (e.g., first name, last name, etc.) to financial institutions to fraudulently secure credit cards bearing the names of those specific victims without the knowledge or authority of each victim, then used the resulting credit cards deposit funds into Spartan Global bank accounts and claim the transactions were gross receipts for the business; and pay for his own personal expenses and exotic collector vehicles.
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