Investment adviser Brooklynn Chandler Willy arrested by IRS

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Queen B Advisors LLC,Collins Asset Group LLC,Texas Financial Advisory

Willy could face serious prison time if she's convicted on any of three charges in an indictment handed down by a San Antonio federal grand jury last week.

Embattled San Antonio investment adviser and financial radio show host Brooklynn Chandler Willy was arrested by IRS agents Tuesday at her Stone Oak office. The arrest came six days after a federal grand jury indicted her on three charges, including obstruction of justice and aggravated identity theft and is the latest in a string of legal and regulatory troubles she’s faced. Willy, restrained in shackles, made an initial court appearance Tuesday afternoon. U.S.

Willy is charged with forging their signatures on the credit agreement and promissory note, the indictment adds. 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.

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