More than 90 exotic collector vehicles are set to be forfeited after a Texas businessman was sentenced to 160 months in federal prison for a fraud scheme that involved a fake loan program, insurance premium payments, and credit cards obtained using victims’ identities.
According to a release by the U.S. Attorney’s Office, Northern District of Texas, Clayton Lloyd Iley, 41, of Stephenville, Texas, received the sentence on October 1 after pleading guilty to wire fraud and aggravated identity theft. He had admitted to carrying out fraudulent activities between January 2020 and May 2026 using businesses under his control…