Texas Insurance Broker Gets 160 Months for a Fake Defense Department Loan. Feds Now Hold 17 of His Exotics, Four Lamborghinis Included.

Clayton Lloyd Iley, a 41-year-old insurance broker from Stephenville, Texas, was sentenced to 160 months in federal prison on October 1, and the Justice Department says 17 of the more than 90 exotic c...

Oct 29, 2026 - 07:00
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Texas Insurance Broker Gets 160 Months for a Fake Defense Department Loan. Feds Now Hold 17 of His Exotics, Four Lamborghinis Included.
Clayton Lloyd Iley, a 41-year-old insurance broker from Stephenville, Texas, was sentenced to 160 months in federal prison on October 1, and the Justice Department says 17 of the more than 90 exotic c...

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