General

Forbes Says Vítek Is Worth $7.2 Billion. The Numbers Say Otherwise
His Forbes-reported net worth is $7.1 billion, making him the 542nd richest person in the world, according to Forbes, and 6th richest in his native Czech Republic.

His Forbes-reported net worth is $7.1 billion, making him the 542nd richest person in the world, according to Forbes, and 6th richest in his native Czech Republic.

Is there another Vanguard University?

I came to Los Angeles, in January 2008, to investigate the Precision Development project that Clare and Sara Bronfman had invested $26 million into – but had nothing in their name to show for it.

Clare Bronfman’s lawyer, Susan Necheles , said after court yesterday that she disagrees with the judge’s decision to keep her client confined to home detention. She thinks the judge punished Clare more harshly because of her wealth.

Editor’s note: A reader of Frank Report – evidently with insider knowledge – posted a comment which really deserves to be a separate post. The reader’s comments are in bold.

The judge has ruled. Clare Bronfman has lost.

The prosecution has filed a written response to Clare Bronfman’s request for the relaxing of home detention and the right to meet with NXIVM members.

Below are Los Angeles County properties that an online search indicates are owned by Precision Development LLC – which in turn is owned by Clare Bronfman and her sister, Sara Bronfman-Igtet , according to state records.

In Susan Necheles letter to Judge Nicholas Garaufis , seeking to end Clare Bronfman’s home detention and allow her to communicate with hundreds of NXIVM members, Necheles reveals an explosive fact: One of Clare Bronfman’s bookkeepers may testify against her

Susan Necheles , Clare Bronfman’s lead attorney, wrote to Judge Nicholas G. Garaufis yesterday, seeking to end Bronfman’s home detention.

On the eve of Clare Bronfman’s bail hearing, her lawyers have told the court they firmed up her financial collateral.

Kathy Russell’s attorney, Justine Harris , of the NYC law firm of Sher Tremonte, has written to DOJ prosecutors Moira Kim Penza , Tanya Hajjar and Karin K. Orenstein , to inform them that her senior law partner, Michael Tremonte , once clerked for Judge Nicholas G. Garaufis in 2000-2001 and “has a c