A San Antonio financial advisor arrested and jailed in December on three federal charges related to an alleged investor fraud scheme now faces 14 charges overall, including wire and securities fraud, after prosecutors filed a superseding indictment last month accusing her of using over $3 million in client funds for her own benefit and for payments to other investors.
Brooklyn Chandler Willy, 45, who also hosted financial advice radio shows, was charged in December with one count of obstruction of and attempt to obstruct an official proceeding, one count of false statement and one count of aggravated identity theft.
Prosecutors, who alleged she produced false documents in response to a grand jury subpoena, said at the time they were investigating whether Willy had used a married couple’s $500,000 investment for her own purposes.
The U.S. attorney’s office for Texas’ western district last month added 11 new charges. These include six counts of wire fraud, two counts of engaging in monetary transactions in property derived from specified unlawful activity, securities fraud, and additional false statement and identity theft counts.
On Jan. 28, days after the additional charges were filed, a U.S. district judge ordered Willy released on a $40,000 unsecured bond with conditions including passport surrender, avoiding contact with potential witnesses and victims, avoiding alcohol use, getting medical or psychiatric treatment and avoiding significant purchases.
Among allegations in the new indictment, prosecutors say Willy, who owned San Antonio-based Queen B Advisors LLC, doing business as Texas Financial Advisory, and Chandler Capital Holdings:
- Persuaded another couple, who were longtime clients, to invest over $2 million from 2021 to 2023 in a company called Cold Moon Holdings, falsely representing the investments’ purpose and security. Willy used the funds to pay her associates and other purported investors, and to make “interest” payments to the couple, prosecutors allege.
- Persuaded another longtime client to invest $75,000 in Cold Moon Holdings and provided a loan agreement that falsely described it as a secured loan, when she actually used the funds for herself.
- Prompted another client to invest $600,000 into business opportunities without disclosing she would use the funds for her own benefit.
The Federal Bureau of Investigation and the Internal Revenue Service in 2023 started investigating an investor fraud scheme in San Antonio and Lubbock, and issued grand jury subpoenas to TFA and Chandler Capital in connection with it, the indictment says. Willy produced false documents in response, according to prosecutors.
In November, she falsely told federal agents she had informed the couple who invested $500,000 that the funds would be loaned to her personally, prosecutors allege.
Willy’s attorney didn’t immediately respond to an email seeking comment Monday. She is no longer registered as an investment advisor, according to her Securities and Exchange Commission Investment Adviser Public Disclosure.
Willy voluntarily withdrew her registration in light of ongoing federal criminal proceedings, and the resignation is an obligation under a Texas State Securities Board undertaking, according to the IAPD record.
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