The Brief
- A Stephensville businessman has been sentenced to more than 13 years in prison for carrying out a fraudulent scheme.
- Prosecutors said he illegally obtained credit cards and offered a scam loan program to victims.
- He used the funds to buy over 90 exotic collector vehicles, which he will now have to sell to fund restitution for the victims.
FORT WORTH, Texas – A Stephensville businessman’s fraudulent scheme has left him with more than a decade of prison time, and he will have to give up over 90 collector vehicles in order to pay the victims back.
What we know:
Clayton Lloyd Iley, 41, who operated an insurance brokerage business called Clayton Texas Legacy Insurance Group, LLC, was sentenced to more than 13 years in prison for wire fraud and identity theft, according to the U.S. Department of Justice.
What the scheme entailed
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