Drivers in North Texas could see a big increase in exotic cars on Interstate 35 in the coming months.
The U.S. Marshals Service plans to auction off more than 90 collector vehicles that previously belonged to Clayton Lloyd Iley. The Stephenville, Texas man was recently sentenced to over 13 years in federal prison for wire fraud and aggravated identity theft.
Iley’s collection includes four Lamborghinis, three Maserati MC20s, two Ferrari 488s and a five-ton Bowen-McLaughlin-York military vehicle. There is also a more modest 2013 Toyota Tundra going up for bids.
The crime
Iley was sentenced in October for running a scheme that saw him illegally obtain credit cards and offer a false loan program to consumers.
The Justice Department says Iley operated an insurance brokerage business named Clayton Texas Legacy Insurance Group. Additionally, he ran two other business entities: Texas Legacy Holdings and Enterprises and Spartan Global Security (aka Black Eagle PMC).
Prosecutors said he told victims he could invest their funds in a “Bonded Note” loan program backed by the Defense Department. While that program did not exist, Iley gathered more than $2 million from people, allegedly using those funds to pay his own personal expenses and fund other parts of his fraud. He was also accused of telling clients he would open insurance policies on their behalf, but failed to do so.
Officials added he would use the personal information of victims to open credit cards in their name, without their knowledge, and transfer money into Spartan Global’s bank accounts. That’s where he would draw from to purchase exotic cars.
The date is not set yet, but the Marshals Service plans to host an auction that begins October 27, which the cars might be a part of. (The vehicles being auctioned are not yet fully listed.) Those interested can track those sales through Apple Auctioneering.
The vehicles forfeited as part of his plea deal include:
1968 Pontiac Firebird
1989 AM General M99 (Humvee)
1990 BMY M923A
1993 AM General (Humvee)
2012 Lamborghini Aventador (x2)
2013 Toyota Tundra
2014 Dodge SRT Viper
2015 Lamborghini Huracan (x2)
2018 Ferrari 488 (x2)
2021 Porsche Taycan
2022 Maserati MC20 (x3)
2023 Jeep Gladiator
Money raised from the sale will be used to repay victims of the schemes, the Justice Department said.
Chris Morris is a US based veteran journalist with more than 35 years of experience at many of the biggest digital news outlets. In addition to his activities as a writer, reporter and editor, Chris is also a frequent moderator and speaker at major conferences, including CES and South by Southwest.
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