While Pam Cafritz lived on handfuls of food and had to count every calorie year after year as Keith Raniere would weigh her on the scale every day to ensure her issues with eating were cured, the “Prefect,” Nancy Salzman, always pleased Master Raniere – until about three years ago.
It was then that Mr. Raniere observed that Nancy – who was earning in excess of $200,000 per year from ESP and Raniere’s other array of business enterprises – had “issues with pride”.
So, he suspended her salary and started requiring her to beg for her money like a mendicant to teach her humility.
That’s quite a downfall for a woman who once claimed, in a lawsuit against Continental Airlines, that her salary was $10,000 per hour. That lawsuit was was over a “lost” laptop computer that she had left on a plane (Spoiler Alert: She lost the lawsuit). And now she’s begging for money to pay for her “necessities”?
Mr. Raniere decreed that in order to conquer her pride, she would, henceforth, have to ask him or Clare Bronfman for every dollar she was paid. In that way, she would learn to be humble and to stop being so damn self-important.
She has, thus far, forgone more than $600,000 in earnings since she had her salary suspended – and basically works now for room-and-board (She does, however, continue to live in a mini-mansion that was paid for by Clare). And now she has to humbly ask for each and every one of her bills to be paid.
Even her food allowance has to humbly begged.
She has learned a great deal from this good lesson. Despite her bringing in substantial monies to the organization and using her house to store cash that was laundered by the Mexican operations, she touches none of this money.
But does she really have any choice?
Her name is on the paperwork for many of the shell companies that launder money for Mr. Raniere. And she’s the one who contacted various students and asked them to open up accounts in their names to help launder money for Mr. Raniere.
And she helped set up the operation that brings in large amounts of undeclared cash from Mexico. And she’s the one who recruited people to make political donations for which they would be paid back in cash from “her company”.
So, what’s a girl to do when her master – and his cash cow – demand that she begs for her money?
Her dwindling number of supporters inside ESP argue that Nancy is still considered to be “an honest and humble woman.” And they still admire her love and devotion for Vanguard (She did, after all, guide both of her daughters into his so-called “circle of women”).
But ask Karen Unterreiner or Karen Abney just how many shell companies and bank accounts used to launder Mr. Raniere’s money are in either Ms. Salzman’s name or one of her students. So, is Nancy really loyal or just in too deep to challenge any command from Vanguard and Clare?
Mr. Raniere keeps his name off the paperwork for all of the companies he controls so that if the authorities ever press charges for tax evasion, he will not be implicated and the teachings can continue.
Ms. Salzman’s issues of pride are lessening daily and one day, Master Raniere may let her draw a salary again, sources say.
Here’s the link to information about Ms. Salzman’s lawsuit against the airline that “lost” her abandoned laptop:
Here’s a partial list of shell companies that Mr Raniere has set up to hide the cash that he continues to pile up (Frank Report will offer a more complete list later on):
- 26 Realty Property Management, LLC
- A Cappella Innovations, Inc.
- Aletheia LLC
- Alpha Development Group
- Axiology, Inc. (Nevada: March 18, 2008)
- Buyers Advocate, Inc. (Delaware: June 28, 1999)
- Center for Ethical Justice LLC (Delaware: October 7, 2007)
- Consumers Advocate, Inc.
- Consumers Buyline, Inc.
- Crosspoint Communication, Inc.
- Ethilogia
- Elite Housing Corporation
- Elite Marketing Professionals, Inc. (Delaware; August 26, 1 999)
- Essence Interactive
- Ethletics LLC
- Ethical Principles Inc.,
- Ethical Publishing LLC (Delaware: August 26, 1999)
- Ethical Value Exchange, Inc.
- Events for Humanity, Inc. (Delaware: November 2, 2007)
- Executive Housing & Properties, Inc. (Delaware: January 28, 2004)
- Executive Housing & Properties, Inc. (New York State: January 9, 2004)
- Executive Success Programs, Inc. (Delaware: July 20, 1998)
- Executive Success Programs, Inc. (New York State: May 6, 2002)
- First Principles Inc. (Delaware)
- Grow Sport, Ltd. (Great Britain)
- House of Equus LLC
- In Lak Ech
- International Center for Change, Inc. (New York State: October 14, 1992)
- J. Cricket LLC
- JM Tax Consulting
- Jness
- Karmar
- Krunch Corporation
- Las Casitas Rental
- Moving Pix LLC
- My Home, Inc.
- Nataraja Center for Movement Arts
- NXIVM Corporation (Puerto Rico: October 25, 2005)
- NXIVM LLC, (NYS)
- NXIVM Properties LLC, (NYS),
- NX Trust
- Occam’s Razor LLC
- Our Evolution LLC
- Peak Physique, Inc.
- PERSENSEO, Inc. (Delaware)
- POIESIS, Inc.
- Precision Development, LLC (Nevada)
- Rainbow Cultural Garden, Inc. (Delaware: September 7, 2007)
- Rainbow Cultural Garden LLC
- Remick Consulting (Delaware)
- Rochester Media Management LLC
- Signature Event Marketing Group
- Slate River Farm, Inc.
- Slate River Mobile LLC (Delaware)
- Slate Sista Farm LLC
- Spirit@19, Inc. (Delaware)
- Sunshine Properties LLC
- The Art of Movement, Inc. (Delaware: April 12, 2004)
- The Athletics Foundation
- The Dalai Lama Trust
- The Ethical Foundation, Inc. (Fictitious)
- The Ethical Foundation, Inc. (Massachusetts: January 22, 1979)
- The Ethical Humanitarian Foundation
- The Ethical Science Foundation (Delaware)
- The First Foundation, Inc.
- The Raniere Group, Inc. (Delaware: April 12, 1994)
- The Think Fund, Inc. (Nevada: October 10, 2001)
- The World Ethical Foundations Consortium
- Truth LLC (Delaware: August 23, 2007)
- Ultima ® (New York State: May 6, 2008)
- Veinte Seiz LLC f7k/a Blue Skies LLC
- Veinte Siete LLC f/k/a Charly’s Wings LLC
- Village Hall LLC
- Whare LLC
- World Audience Productions LLC
Frank Parlato 
Janine Morrison 
J.J. O'Hara 
Richard Luthmann 
Marie White 
Paul Serran
Please leave a comment: Your opinion is important to us!
J’s
You can try to portray Nancy as an “innocent person” who got bamboozled by Raniere but the simple reality is that she was a con artist long before she met him. Just ask her about all her fraudulent Medicaid billings and her own bogus resume.
And no matter what else you might argue, you have to come back to the fact that she pimped away her two daughters to Keith. What the hell kind of mother does that?
Ask Nancy about all her own unreported income like her $40,000/year “clothing allowance”, her rent-free house, her many gift card purchases, etc. She deserves to be prosecuted just like everyone else who is part of the cult leadership and she’s also the one that’s most likely to take the fall for Raniere and his cash cow, Clare Bronfman.
If there is anything that the women should know by now, it’s that Keith DOES NOT care about any of them. NONE of them. And the closer you get to him, it’s just a matter of time until he turns on you and you turn on him. Hopefully, Nancy starts cutting deals and squawking before the most ethical man in the world starts having more people killed. I’m cool with his end game being Fiji. I just don’t see him going away so easily. Maybe a pissed off Mexican father will do everyone a favor.
How can Keith Raniere suspend Nancy Salzman’s salary when she owns the company? Something sounds fishy. Either he really owns the company and she is a shill or he is such a great teacher that she obeys him in everything or he is a Con man who is cheating her out of her salary or the report is in error.
Where are her daughters Lauren and Michele and whose side are they on their mother or Keith
Keith demoted Nancy off the NXIVM Executive Board when Barbara Bouchey and her friends all left in 2009. Blaming their departure on Nancy. He then put Clare Bronfman in charge of everything and made Nancy report to her.
Lauren and Michelle have been working against Nancy for 20 years. Who are you kidding? They don’t give a shit about her. Nancy has all the liability for NXIVM and ESP and no power or control. Demoting her further to a point where she has to beg for money to pay her bills is par for the course. There is nothing fishy in this report. No one in Keith’s inner circle ever has money and power for long except Clare Bronfman. It’s always about demonization and demotion for all his women. Look at Allison Mack? She’ll be close to bankruptcy soon I’m sure, and no career to fall back on unless she writes a book about her life with Keith.