SAN ANTONIO – A San Antonio financial advisor and radio show host was arrested after she attempted to obstruct an ongoing federal investor fraud investigation involving herself, according to the U.S. Attorney’s Office for the Western District of Texas.
Brooklynn Willy, 45, owns Queen B Advisors LLC, which does business as Texas Financial Advisory and Chandler Capital Holdings, according to court documents. The company provides asset management and financial planning services.
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In May 2021, documents state that Willy recommended to a married couple that they invest $500,000 into Chandler Capital Holdings. The couple agreed, and Willy received their money, the U.S. Attorney’s Office said.
However, instead of allocating their funds toward the company for investment, Willy used it for her own purposes, paying off her credit card and distributing payments to other investors and another business owned by her, court records show.
Two years later, the FBI and the IRS got involved as they launched an investigation. The 2021 incident was one of many reported fraud schemes in which Willy was allegedly involved.
During their investigation, a federal grand jury issued subpoenas into Willy’s businesses, which demanded all investor agreements, communications, and contracts related to the married couple.
In response, Willy sent over records. One of the documents stated, “Revolving Line of Credit Agreement,” which appeared to be a contract and note signed by the couple saying they agreed to loan $500,000 of credit for Willy and her company.
After some review, the document would turn out to be false, as the couple said they never agreed to those terms, court documents state.
Because of the falsified agreement, Willy was arrested and charged with obstruction of justice for attempting to interfere with a federal investigation.
Additionally, she faces charges of one count of false statement and one count of aggravated identity theft.
