Feds charge Clayton Iley with wire fraud, aggravated identity theft.

Clayton Iley

By SARA VANDEN BERGE

The federal government has filed new charges against Clayton Iley, a Stephenville man accused of theft and money laundering.

On Thursday, the FBI filed two federal charges against Iley for wire fraud and aggravated identity theft, according to jail records.

Beneath the Surface News has not been able to obtain the new arrest warrant since it’s a pending federal case.

Iley, owner of Texas Legacy Insurance Group, was taken into custody in Stephenville on Friday, April 24.

According to the arrest warrant, Iley allegedly pretended to serve in the military and claimed to be a defense contractor in a Ponzi scheme to obtain investments and donations totaling millions of dollars.

He is also accused of pocketing money from customers' insurance premiums, leaving many uninsured.

Click here and here to read past coverage of Iley’s arrest.

Iley is being held at the Erath County Jail on a $500,000 bond and has retained Warren St. John, a high-profile attorney from Fort Worth to represent him.

Read that story here.