Coverage dated October 4, 2026 to October 9, 2026
Texas businessman gets 13 years in federal prison as feds seize his Lamborghinis, Ferraris, Firebird and dozens more cars to pay back fraud victims Headline from Fortune
Clayton Iley pitched a fake Defense Department loan program and used victims' identities to fund 90-plus collector vehicles, prosecutors say.
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FOX 4 Dallas
Texas businessman gets 13 years in prison, must sell 90 collector cars to pay back fraud victims ↗ (opens FOX 4 Dallas) Published Oct 4, 2026
FOX 4 Dallas's feed description 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. Clayton Lloyd Iley, 41, who operated an insurance brokerage business called Clayton Texas Legacy Insurance Gro…
Fortune
Texas businessman gets 13 years in federal prison as feds seize his Lamborghinis, Ferraris, Firebird and dozens more cars to pay back fraud victims ↗ (opens Fortune) Published Oct 5, 2026
Fortune's feed description Clayton Iley pitched a fake Defense Department loan program and used victims' identities to fund 90-plus collector vehicles, prosecutors say.
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