90+ Supercars Are Going Up For Sale After A $2 Million Fraud Scheme

A collection of more than 90 vehicles is impressive for any garage. In this case, though, federal prosecutors say the money used to build it came from fraud. Clayton Lloyd Iley, a 41-year-old Texas businessman, has been sentenced to 160 months in federal prison after pleading guilty to wire fraud and aggravated identity theft. The vehicles bought with money from the scheme will also be forfeited.

And this was not a small collection. The list includes a 2012 Lamborghini Aventador, a 2015 Huracan, two Ferrari 488s from 2016 and 2018, a 2014 Dodge Viper and a 2021 Porsche Taycan. There are also Maserati MC20s, a Toyota Tundra and a Jeep Gladiator. Earlier records from the Department of Justice also mentioned classic Camaros, a Pontiac Firebird, a Trans Am and several military vehicles.

According to prosecutors, Iley ran Clayton Texas Legacy Insurance Group and took payments from customers for auto, home, and life insurance. Some of those customers paid for policies that were never opened. Prosecutors say Iley instead used the money for himself and other parts of the scheme. He also promoted a fake Department of Defense “Bonded Note” loan program for private military contractors, collecting more than $2 million from it.

The scheme also involved stolen identities. Prosecutors say Iley used victims’ personal information to open credit cards in their names, then used the cards for personal expenses and vehicle purchases. He also moved money into a company he controlled and presented it as business revenue.

Now the cars are going in the opposite direction. The government plans to sell the vehicles and use the proceeds toward restitution, although the DOJ has not yet said when the auction will happen or how much the collection could bring.