Klaviger: Questions remain on Bouchey’s role in the Raniere commodities scandal

Barbara Bouchey was acquitted of computer trespassing.

[The opinions of K.R. Claviger are his own and do not necessarily represent the opinions of the publisher.]

By K.R. Claviger

Because of the length of the original post, A Few Facts About The Commodities Trades – And The L.A. Precision Development Project – And Raniere Owes Tens Of Millions Of Dollars In Unpaid Taxes, I left out several tidbits about Keith Raniere’s commodities trades that may be of interest to readers of the Frank Report.

These include the following:

• According to her testimony in the lawsuit regarding the Precision Development Project, Barbara Bouchey started seeing Nancy Salzman for counseling in 1988-1989, more than 10 years before she was introduced to Keith Raniere. At that same time, Bouchey also took over responsibility for managing Salzman’s IRA account (I wonder how many financial planners also see one of their clients for psychotherapeutic services?).

• Bouchey joined Executive Success Programs (ESP) – and took her first training course on March 27, 2000. Less than six months later, she was madly in love with Raniere – and turning over control of her life savings to him.

• Bouchey claims that her sexual relationship with Raniere began in May 2000. She also claims that she “officially broke up with him” in May 2008.

• It appears that Keith started trading on behalf of Barbara Bouchey sometime in September 2000. This apparently was in a trading account that was in Barbara’s name – which means that Barbara would have ended up with the capital losses that resulted from the trades that were done in that account.

• It has been rumored for years that even before he convinced Bouchey to let him do commodities trades on her behalf, Raniere had done the same with Pam Cafritz. If, however, that actually happened, it appears that he used someone other than Yuri Plyam to conduct those trades.

• In addition to the money that she herself lost, Bouchey convinced several other people to get involved with Raniere’s commodities trading. These included her cousin, Chrissy Carey ($700,000), Noelle Nielsen ($200,000), and Michael Sutton ($1,400,000). Supposedly, Chrisey Carey was paid back her $700,000, though the source of the funds for that repayment is not known. There is no information as to whether Noelle Nielsen ever got paid back her $200,000.

• Bouchey’s apparent motivation for getting others involved in Raniere’s commodities trading was to generate profits that would allow her to recoup some/all of the money that she herself had lost. Not exactly the soundest of investment strategies to recommend to others – especially for a Certified Financial Planner.

• Bouchey had apparently promised Sutton that she would personally reimburse him for the $1.4 million that he had “loaned” to Raniere (Sutton reportedly lost another $3-$4 million by setting up his own commodities trading account – and mimicking Raniere’s trades). That’s why she listed Sutton as a creditor in her bankruptcy filing in 2010.

• Bouchey originally claimed that she lost $600,000 in conjunction with Raniere’s commodities trades on her behalf. She later claimed that her total losses were $1.7 million.

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K.R. Claviger

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Please Don't Poop on my Dinner
Please Don't Poop on my Dinner
4 years ago

Bouchey is a shitbag.

She’s little more than a shitstain upon the fabric of humanity.

4 years ago


Scott Johnson (@ScottTexJohnson)
Reply to  Anonymous

How so?

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
Email: frankreport76@gmail.com


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