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Fortune
Fortune
Catherina Gioino

Texas businessman gets 13 years in federal prison as feds seize his Lamborghinis, Ferraris, Firebird and dozens more cars to pay back fraud victims

(Credit: National Motor Museum/Heritage Images/Getty Images)

Nicolas Cage’s 2000 cult classic Gone in 60 Seconds took a minute. Clayton Lloyd Iley will be gone for 160 months.

The 41-year-old Stephenville, Texas, businessman was sentenced to more than 13 years in federal prison for wire fraud and aggravated identity theft, the U.S. Attorney’s Office for the Northern District of Texas said. Prosecutors say he paid for more than 90 exotic and collector vehicles with money from his scheme.

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