Atlanta PD confirms Iverson was a passenger in his silver 2009 Lambo when they pulled over the ride because it had expired dealer tags.
Police impounded the whip and gave A.I. a ticket.
By the way, after Iverson got his belongings out of the Lambo -- he slipped into another car ... his friends were following in an even sicker Rolls-Royce.
That's just how he Rolls.