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February 1, 2010

Seagram heiresses allegedly taken in by 'cult'

Interesting story in the Albany Times-Union over the weekend. Two sisters in their 30s, heirs to the Seagram liquor fortune, are alleged to have lost tens of millions of dollars through NXIVM and leader Keith Raniere.

Court documents claim that Keith Raniere "is the absolute leader of a cult called NXIVM" who "exercised complete control" over Sara and Clare Bronfman. The sisters are heiresses to the Seagram Company liquor fortune and have been bankrolling Raniere's investments and his substantial legal fees, court documents say.

For several years, the sisters have been trainers and followers of Raniere's philosophies on ethical life and paths to self improvement. Raniere's organization, NXIVM (pronounced like the patented drug "NEXIUM"), also known as Executive Success Programs, has given many people, including celebrities, instruction in personal improvement though courses and seminars.

Raniere's NXIVM biography says he is a Rensselaer Polytechic Institute graduate who made "The Guinness Book of World Records" for his high IQ. He once ran Consumers Byline, a buying club.

Accusations in the Jan. 11 filing in California are "salacious" and "malicious" and filled with false statements, said Robert D. Crockett, a lawyer representing the Bronfman sisters. He said NXIVM is not a cult. He acknowledged the heavy losses the Bronfmans have incurred from investments in commodities and real estate in Los Angeles and said the Bronfman sisters are believers in Raniere's ideas.

Posted by Jay Hancock at 12:54 PM | | Comments (1)
        

Comments

I have 37 years old. A famili (12 happily year married) 3 kids, almost 2 MBA’s, top management position and Catholic. I have taken the tool (ESP) and all I can said regarding my own experience its that:
1) I am happier than ever
2) I am more productive (and its improving)
3) I reinforce my values (life, family, love, friendship, compassion, etc)
4) I reinforce my entrepreneurial essence
5) I do not understand why people want to hurt if at the end the vision´s group is to have a more ethical and sustainable humanity.

I read a book of Miguel Ruiz: The four Agreements. It states:
a) Be honorable with your words
b) Do not make supositions
c) Do not take it personal
d) Always make your best effort

I stand with adding value and pro-life so I can contribute to humanity.

Hope this helps others to be open to a better chance to reach happiness and fulfillment. Why not? What if we can? We can give it a try, dont we?
Cheers,

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About Jay Hancock
Jay Hancock has been a financial columnist for The Baltimore Sun since 2001. He has also been The Baltimore Sun's diplomatic correspondent in Washington and its chief economics writer. Before moving to Baltimore in 1994 he worked for The Virginian-Pilot of Norfolk and The Daily Press of Newport News.

His columns appear Tuesdays and Sundays.
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