V=Week 2012 had a larger group than V Week 2017

‘Collateral’ introduced at earlier V Week

A source said the word ‘collateral’ was introduced at V-Week 2012

What’s in a word?

A source said, it was V-Week-2012, when NXIVM leaders first introduced the word ‘collateral’ to their students. Perhaps only a few understood how the usage of the word would change by 2016 to mean ‘material that could be used to coerce a woman if not outright blackmail her into submission.’

Then it meant posting money or assets to ensure the performance of some promise.

In 2012, V-Week organizers offered up the word ‘collateral’. Several hundred people had just paid between $1,700 to more than $4,000 to be there.

Now organizers put the heavy sales pitch  [for the good of the mission ] to get another $500. But it would be refundable.

The deal was this: Pledge $500 right now-  on the spot – while you are still at V-Week to get two people to attend [plus yourself] to V-Week 2013.

If everybody did that, there would be triple the attendance at V-Week 2013.

They asked students to put up $500 ‘collateral’ against enrolling two new people into V-Week.

Most of them paid the $500. There was a lot of peer pressure and stern looks from Prefect.

Some lost their collateral. There wasn’t triple attendance.

Keith Raniere took the concept of collateral much further in the coming years.

 

vweek 12
V-Week 2012 appears to have had a larger group than V Week 2017

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Frank Parlato

Frank Report’s founder and lead writer Frank Parlato is one of the internet’s most decorated investigative journalists. His writing and investigations have helped expose major criminal organizations and scandals.

Frank’s work has been cited in major publications all over the world, including The New York Times, New York Post, The Daily Mail, VICE News, CNN, Rolling Stone, and more.

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About Frank Parlato

About Frank Parlato

Frank Parlato is an investigative journalist.

His work has been cited in major publications all over the world, including The New York Times, The Daily Mail, VICE News, CNN, Fox News, Rolling Stone, People Magazine, and more.

Frank Report is dedicated to Frank's investigative journalism and the pursuit of truth.

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