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Texas Advisor, Radio Personality Pleads Guilty To Defrauding Clients
Yahoo Finance· 2026-03-23 16:19
Core Viewpoint - A San Antonio-based financial advisor, Brooklynn Chandler Willy, has pleaded guilty to multiple counts of investment fraud, facing significant prison time for defrauding clients of millions of dollars [2][5]. Group 1: Background and Professional History - Willy owned Queen B Advisors, also known as Texas Financial Advisory, which provided asset management and financial planning services [2]. - She registered with the SEC in 2014 and had previous employment at Global Financial Private Capital and J.W. Cole Financial Advisors, where she was terminated for policy violations [3]. Group 2: Fraudulent Activities - In 2018, Willy recommended a married couple invest in Ferrum Capital, and in 2021, she advised them to invest an additional $500,000 in another Ferrum entity, which was later revealed to be a scam [4][5]. - Willy misappropriated the $500,000 investment for personal expenses, including credit card payments and obligations to other investors [5]. - She also persuaded a separated couple to invest approximately $2 million in an associate's company, falsely claiming the funds would be used for legitimate investments [6]. - Additional clients were convinced to invest $75,000 and $600,000 in purportedly legitimate business ventures, which Willy also diverted for her own benefit [7]. Group 3: Legal Consequences - The Department of Justice is prosecuting Willy, and her co-defendants, Joshua Allen and Michael Cox, are facing jury trials for their roles in the alleged Ponzi scheme [5]. - Willy attempted to obstruct the investigation by forging client signatures and submitting falsified documents to federal authorities [7].