‘Collateral’ introduced at earlier V Week

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

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

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Frank Parlato

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.” In addition, he was credited in the Starz docuseries 'Seduced' for saving 'slave' women from being branded and escaping the sex-slave cult known as DOS.

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 premieres on May 22, 2022.

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https://en.wikipedia.org/wiki/Frank_Parlato,_Jr.

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Phone / Text: (305) 783-7083
Email: frankparlato@gmail.com

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