SAN ANTONIO – A San Antonio financial advisor and radio show host, arrested in December for attempting to obstruct an ongoing federal investor fraud investigation involving her, is now facing additional criminal charges.
In a federal courtroom Wednesday, a federal grand jury handed an additional 11 charges to Brooklynn Willy, 45, owner of Queen B Advisors LLC, which does business as Texas Financial Advisory and Chandler Capital Holdings, according to court documents.
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The company provides asset management and financial planning services.
Initially, in her original indictment, she was charged with three counts which included obstruction of justice, aggravated identity theft, and making a false statement.
Court documents now show Willy faces six counts of wire fraud, two counts of engaging in monetary transactions in property derived from specified unlawful activity, one count of security fraud and another charge of obstruction of justice and aggravated identity theft.
Additionally, documents showed that there were four more victims that Willy affected with her investment recommendations.
In her original indictment, two victims claimed she convinced them to invest $500,000 in her company.
SA couple gave Willy over $2 million
In her new indictment, “Victim 3 and Victim 4,” identified as a married couple, claim that in November 2021, Willy convinced the couple to invest in a company called “Cold Moon Holdings,” as she told them it was a purchase of bad debt.
The married couple agreed and sent her $500,000 for their investment. In return, she sent them a promissory note that falsely stated their investment was secured by a standby letter of credit.
In March 2022, the couple re-invested in “Cold Moon Holdings” and sent her an additional $700,000, the indictment stated.
In March 2023, the couple sent an additional $810,000, as they were under the assumption that they were sending their funds for another investment.
The indictment stated that Willy accumulated $2,010,000 from the couple, and instead of allocating the funds toward the “investment,” she paid her associates and other investors.
Person scammed to give $75,000 to Willy for fake commercial real estate development investment
In the indictment, “Victim 5” faced a similar experience as the married couple.
According to the victim, Willy convinced them to invest $75,000 into what they thought was a commercial real estate development.
However, the victim made several other investments from 2016 to 2022, but it’s unknown how much or what for.
The indictment states that in or around January 2022, once the person sent Willy funds for their “investment,” she provided a “loan modification agreement” to memorialize the $75,000 loan from the victim to Cold Moon Holdings, the same company the married couple sent funds to.
From there, Willy cashed in the money and used it for her benefit, the indictment read.
Willy convinced the person to invest $600,000 into ‘business opportunities’
“Victim 6,” claimed Willy, convinced them to invest $600,000 into “business opportunities” in or around October 2020.
The indictment states that Willy didn’t inform the victim that their money would be used for her gains.
On Oct. 22, 2020, Victim 6 transferred that amount from their bank account to one controlled by Willy, relying on her false representations and material omissions, according to the indictment.
In total, Willy faces 14 federal charges. Currently, it’s unknown when Willy is scheduled to appear in court again.
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