SAN ANTONIO – A San Antonio woman and former financial advisor pleaded guilty Thursday for her alleged role in a Ponzi scheme with two Lubbock businessmen.
According to the Department of Justice, Brooklynn Chandler Willy, 46, took the plea on the following 10 charges:
- six counts of wire fraud
- one count of wire fraud conspiracy
- one count of money laundering conspiracy
- one count of engaging in monetary transactions associated with the scheme
- one count of aggravated identity theft
Investigators said Willy faces up to 20 years each in federal prison on the wire fraud, wire fraud conspiracy and money laundering conspiracy charges. Additionally, she could face additional time in prison for the engagement with monetary transactions (up to 10 years in prison) and aggravated identity theft (mandatory minimum of two years) charges.
The aggravated identity theft charge, according to the DOJ, would run concurrently with any other punishment.
The investigation
Willy owned Queen B Advisors, LLC, a San Antonio-based company that also does business as Texas Financial Advisory and Chandler Capital Holdings, according to court documents…