Clayton Iley was sentenced to 160 months in federal prison on Oct. 1 and agreed to forfeit more than 90 exotic and collector vehicles bought with money prosecutors said came from his fraud scheme. Authorities will sell the vehicles and use the proceeds toward restitution for victims.
U.S. Attorney Ryan Raybould said, “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.” He added, “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.”
Clayton Iley in Northern District of Texas
Iley, 41, lived in Stephenville, Texas, and ran an insurance brokerage out of Cross Plains, Texas, prosecutors said. He pleaded guilty in June before a U.S. district judge imposed the prison term for wire fraud and aggravated identity theft.
Prosecutors said Iley moved money through two companies he controlled from January 2020 through May 2026. One was Spartan Global Security, which did business as Black Eagle PMC and offered private military contracting services. They said he used that structure to channel money through business accounts while spending it on personal bills and vehicle payments.
More than 90 vehicles
Prosecutors said Iley paid for more than 90 exotic and collector vehicles with money from the scheme. As of July, investigators had seized 22 of them, including at least seven Lamborghinis, Ferraris and Maseratis.
The seized list included a 2012 Aventador, a 2015 Huracán, two Ferrari 488s and three Maserati MC20s. It also included two Dodge Vipers, a Porsche Taycan, a Mercedes-AMG coupe, a Jeep Gladiator, a Ram pickup, a 1968 Firebird, a 1979 Trans Am, three Camaros, a 1973 Plymouth, a Humvee and two military trucks.
Fraud scheme and restitution
Prosecutors said Iley told victims he could invest their money in a Bonded Note loan program that the Defense Department supposedly offered to private military contractors. They said that program did not exist. They also said he collected more than $2 million, took premium payments from insurance clients without opening their policies, and gave victims’ personal information to banks so credit cards could be opened in their names without their knowledge.
The forfeiture order puts those vehicles in the government’s hands for sale, but most of the 90-plus cars have not been named. The money from those sales is meant to go back to victims, leaving the size of any recovery tied to what the vehicles bring at auction.
