San Antonio Radio: WOAI, KTSA Financial Adviser Facing Federal Charges

Brooklyn Willy

Embattled San Antonio investment adviser and financial radio show host Brooklynn Chandler Willy remained behind bars Wednesday after being arrested by IRS agents at her Stone Oak office.

The Express-News reports the arrest Tuesday came six days after a federal grand jury indicted her on three charges including obstruction of justice and aggravated identity theft. It’s the latest in a string of legal and regulatory trouble she’s faced in recent years.

Willy, restrained in shackles, made an initial court appearance Tuesday afternoon. U.S. Magistrate Judge Elizabeth “Betsy” Chestney set a detention hearing for Friday to determine whether Willy, 45, can be released on bond.  Chestney said prosecutors asked that she remain in custody because she poses a “substantial risk for obstructing justice.”

According to the indictment, which was unsealed late Tuesday afternoon, the FBI and IRS began a criminal investigation in November 2023 into an investor fraud scheme involving Willy. A federal grand jury has issued subpoenas as part of the investigation, which is ongoing. The investigation started less than 10 days after the San Antonio Express-News reported on multiple lawsuits against her.

Willy, owner of Queen B Advisors LLC, which does business as Texas Financial Advisory, is charged with impeding the federal grand jury proceeding by providing a false revolving line of credit agreement in response to a subpoena.

If convicted, she could face up to 20 years in prison on the obstruction charge. Making a false statement carries a prison sentence of up to five years, while identity theft is a minimum of two years in prison — to run consecutively with any other sentence. Each charge also carries a maximum penalty of $250,000.

Willy appears on the radio Saturday evenings and Sunday mornings on WOAI-AM and Sunday afternoons on KTSA-AM/FM offering financial advice to listeners.