Kaylee Reynolds (Stephanie Leigh Schlund) is the villainess of "When the Smoke Clears", episode 1.08 of Reckless (airdate August 24, 2014). She was a hostess at The Raven's Den Club, and was first introduced testifying against fellow hostess Lexi Simms, who had been accused of killing hostess Tiffany Gable.
In her testimony, Kaylee revealed that it was common at Raven's Den for hostesses to compete for the attention of clients in order to make more money, and claimed that Lexi had a habit of fighting with other hostesses and saw her yelling at Tiffany the night she was killed. But over the course of the episode, Kaylee was revealed as not only a greedy villainess, but as Tiffany's true killer.
Using her position at Raven's Den, the evil Kaylee began using information she overheard about her clients' business to make substantially lucrative investments. Lexi's lawyer, Roy Rayder, uncovered Kaylee's greedy scheme due to a complaint Phillip Boyd (the VP of a pharmeceutical company) made against Lexi, believing her to be the one responsible for the insider trading. Roy then confronted Kaylee during trial, showing copies of her last four bank statements and stock portfolio as evidence to her illegal investments. Kaylee initially tried to deny everything and claim that her investments weren't illegal, only for Roy to point out that they were and insinuate that Kaylee shot Tiffany to death with Lexi's gun to prevent her from revealing her as the true culprit behind the insider trading, with Kaylee's reaction indicating that Ray was correct in his accusation. Lexi was ultimately found not guilty, and Kaylee was presumably arrested (off-screen) for her illegal investments and murdering Tiffany Gable.