Texas Advisor Brooklynn Willy Faces 11 More Charges for Alleged Fraud

In a significant development in the ongoing investigation into alleged investor fraud, Texas-based financial advisor Brooklynn Chandler Willy has been hit with 11 additional charges. The new charges, which include obstruction of, and attempt to obstruct, an official proceeding, making false statements, and aggravated identity theft, further highlight the complexity and severity of the case against Willy.

Willy, the owner of Queen B Advisors LLC, doing business as Texas Financial Advisory (TFA), and Chandler Capital Holdings, was initially arrested in December 2024 on charges related to allegedly obstructing and attempting to obstruct an ongoing federal fraud investigation. The indictment alleged that Willy recommended a married couple invest $500,000 into a company, using Chandler Capital as the agent to execute and deliver contracts. Instead of depositing the check for its intended investment, Willy used the funds for her own purposes, including personal credit card payments, payments to other investors, and payments to another business she controlled.

The new charges stem from Willy's actions during the ongoing federal investigation into the investor fraud scheme. According to court documents, Willy produced a false loan agreement that falsely purported to have been signed by the victims. She also made false statements about this document and other matters during an interview with federal agents on Nov. 19, 2024. These actions demonstrate Willy's alleged attempt to mislead investigators and obstruct the ongoing probe.

The additional charges against Willy carry significant penalties, with the obstruction of, and attempt to obstruct, an official proceeding charge carrying a maximum penalty of 20 years in prison. The false statement charge carries a maximum penalty of 5 years in prison, while the aggravated identity theft charge carries a mandatory minimum sentence of 2 years in prison, consecutive to any other sentence imposed.



The new charges have significant implications for the ongoing investigation into Willy's alleged fraudulent activities and the broader financial advisory industry. The charges indicate that Willy was aware of the ongoing investigation and attempted to obstruct it by providing false information. This could hinder the investigation, as investigators must now sift through potentially false information and verify the authenticity of documents. However, Willy's actions may also provide investigators with additional evidence, as her attempts to obstruct justice can be used against her in court.

In the broader financial advisory industry, Willy's case serves as a cautionary tale for wealth advisors. The charges highlight the importance of regulatory compliance and transparency in managing client investments. Advisors must adhere to industry regulations, especially when recommending private investments or alternative securities. Wealth advisors should ensure that all investment transactions are properly disclosed, documented, and conducted through approved channels to avoid conflicts of interest or accusations of misconduct.

As the investigation continues, the charges against Willy serve as a reminder for advisors to maintain high ethical standards and comply with relevant regulations. The potential severity of the penalties for the new charges underscores the importance of adhering to these standards and the consequences of failing to do so.

In conclusion, the new charges against Brooklynn Chandler Willy have significant implications for the ongoing investigation into her alleged fraudulent activities and the broader financial advisory industry. The charges highlight the importance of regulatory compliance and transparency in managing client investments and serve as a reminder for advisors to maintain high ethical standards and comply with relevant regulations. As the investigation continues, the charges against Willy underscore the severe consequences of failing to meet these responsibilities.