
The 11 new federal charges filed against Willy include six counts of wire fraud, two of engaging in financial transactions involving assets from illegal activities and one of securities fraud, according to a grand jury indictment released Wednesday.
Those are in addition to federal charges levied last month that the financial guru obstructed a grand jury proceeding, lied to authorities and falsified documents as the FBI and IRS looked into her business dealings.
Willy, who owns the businesses Queen B Advisors LLC and Texas Financial Advisory, has remained in custody since her Dec. 10 arrest. She also faces at least three civil suits from former clients who accuse her of defrauding them and violating securities laws.
Mark A. Barrera, Willy’s attorney, declined comment on the new charges, saying that he’d been unable to confer with his client about them.
In addition to operating her Stone Oak-based investment company, Willy dispensed financial advice on shows broadcast on weekend radio shows on WOAI-AM, KTSA-AM and KTSA-FM. Following her arrest, the stations have dropped her program, the Express-News reports.
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This article appears in Jan 22 – Feb 4, 2025.
