Response to a reader: Keith had bad press and you associated with him

The Bronfman sisters are back together at Clifton Park. Clare has been paying for all of the teachings for several years. Now her sister is back to shoulder some of the burdens for Keith's constant failures. They are failures in the eyes of the world, but both sisters know he is the world's most ethical man.
A reader posted a comment that is worthy of a response:

I mean no disrespect but Keith Raniere has had bad press for years and you took the risk of associating yourself with him in spite of the evidence. It is the fact that people were willing to pay money and endorse his organizations that facilitated his cult like, extremely damaging and criminal activities.

Don’t hide
Speak up
Tell your stories
Be bold
Take these organizations down

Keith is hurting people, not helping humanity.

Was Keith misunderstood?
I began working for Clare Bronfman and Sara Bronfman in September 2007.
I soon understood that Keith Raniere, who prefers to be called by his self-given title of Vanguard, made all the decisions.
I was told he was a great man, with noble intentions. He was misunderstood because his ideas were not mainstream.
The Bronfman sisters hired me to bring about a better public understanding of Keith Raniere.
At that time, he had bad press but nothing compared to what he has since earned.
Perhaps I was unobservant, but my early meetings with him and his followers did not reveal him to be an evil person.
Nancy Salzman, Kathy Russell, Kristin Keeffe, Barbara Bouchey, Farouk Rojas, Clare Bronfman, Sara Bronfman, Jim Del Negro, Karen Unterreiner, Karen Abney, Pam Cafritz, Loretta Garza, Sylvie Lloyd, Michelle Salzman, Becky Freeman, Camila Fernandez, Adrian Fernandez, Allison Mack, and others seemed friendly and intelligent.
Keith was portrayed as a monk. He wore long hair and sandals. He spoke of Buddhist philosophy.
A baby in their midst, I was told, was an orphan. His mother died giving him birth. His father unknown.  They took the orphan in and were raising him.
[ I later learned Keith was the father of the baby. This noble man denied his own son to his followers. But he was misunderstood?]
At that time, the sum total of bad press boiled down to a negative article that had appeared several years earlier in Forbes magazine, a few early and comparatively tame stories in the Times Union, and a negative story in the Albany weekly, Metroland.  The New York Post had also just begun writing about Keith Raniere.
I thought I could establish relationships with reporters, be transparent and the truth would get out. I began that process.
At the time there were two main lawsuits: against Rick Ross and Joe O’Hara.
I was told Joe O’Hara swindled the Bronfman sisters and Rick Ross had received stolen course material and published it online.
I was offered a bonus if I could find evidence to get them indicted.
I was surprised to learn that Keith directed the Bronfmans to spend $4 million in legal fees pursuing a $2 million loan they made to Joe O’Hara, which he used to buy two properties just south of Albany. Clare, in  turn, was supposed to buy back one of the properties to use a horse farm.
It was Keith who advised them to make the loan in the first place.
I found out they could have gotten back the $2 million from Joe early on but Keith refused to take the properties back or let Joe sell them to pay back the money.
Keith wanted a criminal indictment. [He was not afraid to have Clare perjure herself I found out later.]
As for Rick Ross, I found Keith used Bronfman money to pay Richard Mays to try to get Rick Ross indicted in Arkansas (Mays is a well-connected politico and former judge in Arkansas who is close friends with the Clintons).  Keith used Bronfman money to give to Hillary Clinton in return for her help in getting Rick Ross indicted.
Keith also wanted to indict his old girlfriend Toni Natalie for “stealing” $50,000 from Nancy Salzman eight years earlier. He had spent about $1 million of Bronfman money pursuing Toni Natalie over $50,000.
He did not want the money. He wanted her in jail. [I later learned she did not steal any money from him. Keith had stolen $50,000 and lost it in commodities trades].
Keith lost in court trying to block Toni’s bankruptcy [he bankrupted her through relentless litigation]. Now, he was spending money investigating her, trying to find something to indict her on. He offered me money if I could help get her indicted.
He also offered people in federal law enforcement $1 million dollars if they would indict Toni Natalie.
I tried to persuade the Bronfmans this was not a good use of money and all of Keith’s bad press could be traced to things that came out in discovery, and at trial from his overkill litigation.
They said Keith told them their father Edgar Bronfman Sr. was behind the bad press. That Keith said justice had to be done and money had to be spent to uphold justice in the world.
They did whatever Keith told them to do.
In December, I found the Bronfmans had invested $26 million in a Los Angeles real estate project that Keith was guiding. The project had run over budget. Nancy Salzman asked if I could help the Bronfman’s get $5 million in financing to put in the project. They were low on funds I was told; they were waiting for their next trust fund payment to come through.
I realized something was wrong.
I went to California. I found that Keith was guiding the Bronfman sisters into losing a lot of money.  They had invested $26 million into several Los Angeles properties that were not even in their names. The properties were owned by Nancy Salzman and Keith’s “best friend”, Yuri Plyam.
I was working for the Bronfmans, not Keith or Nancy.  I restructured the deal, giving the Bronfmans 66 percent ownership – which gave them control of the project.  I arranged financing so they would not have to invest more money. I was prepared to manage the development to recover their money and make a profit.
I wanted to work out a settlement with Yuri Plyam.
But Keith intervened. He did not care about the project. He wanted Yuri indicted at whatever cost to the Bronfmans.
I also learned that Keith had a history with Yuri. Keith had “invested” and lost $65 million of the Bronfman’s money in commodities trades a few years before.
Yuri was the commodities broker.
I questioned Clare Bronfman about it. I asked if she had proof the $65 million was actually invested in commodities.  She said she did not have proof. She said Keith said her father swung the commodities market against Keith to make her and her sister lose faith in Kieth and leave him.
I said I had doubts that the money was really invested in commodities and that she was not getting the whole story.
Keith had “lost” $65 million of their money in commodities, then he had them invest $26 million into properties that were not in their names. He spent millions in wasteful litigation that only brought bad press. I added it up: It was more than $100 million.
Keith Raniere managed to lose $100 million of the Bronfman’s money. He blamed it on their father.
Keith was either not “the smartest man in the world” (which is what he claimed to be) or he was a very smart thief.
That was the last time I spoke with Clare Bronfman while I was employed by her.
Within days, I was fired.
Keith added me to the list of people he wanted indicted.
[To be continued]

About the author

Frank Parlato

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About the Author

Frank Parlato is an investigative journalist.

His work has been cited in hundreds of news outlets, like The New York Times, The Daily Mail, VICE News, CBS News, Fox News, New York Post, New York Daily News, Oxygen, Rolling Stone, People Magazine, The Sun, The Times of London, CBS Inside Edition, among many others in all five continents.

His work to expose and take down NXIVM is featured in books like “Captive” by Catherine Oxenberg, “Scarred” by Sarah Edmonson, “The Program” by Toni Natalie, and “NXIVM. La Secta Que Sedujo al Poder en México” by Juan Alberto Vasquez.

Parlato has been prominently featured on HBO’s docuseries “The Vow” and was the lead investigator and coordinating producer for Investigation Discovery’s “The Lost Women of NXIVM.” Parlato was also credited in the Starz docuseries "Seduced" for saving 'slave' women from being branded and escaping the sex-slave cult known as DOS.

Additionally, Parlato’s coverage of the group OneTaste, starting in 2018, helped spark an FBI investigation, which led to indictments of two of its leaders in 2023.

Parlato appeared on the Nancy Grace Show, Beyond the Headlines with Gretchen Carlson, Dr. Oz, American Greed, Dateline NBC, and NBC Nightly News with Lester Holt, where Parlato conducted the first-ever interview with Keith Raniere after his arrest. This was ironic, as many credit Parlato as one of the primary architects of his arrest and the cratering of the cult he founded.

Parlato is a consulting producer and appears in TNT's The Heiress and the Sex Cult, which premiered on May 22, 2022. Most recently, he consulted and appeared on Tubi's "Branded and Brainwashed: Inside NXIVM," which aired January, 2023.

IMDb — Frank Parlato

Contact Frank with tips or for help.
Phone / Text: (305) 783-7083