Small consolation: Heiress could reap cash from sex-cult auction

Proceeds are pittance next to $150M that Bronfman sisters reportedly poured into Nxivm

TRD TRI-STATE /
Dec.December 27, 2019 08:51 AM
Sara Bronfman-Igtet and the NXIVM Executive Success Programs headquarters at 455 New Karner Road, Colonie (Credit: Getty Images)

Sara Bronfman-Igtet and the NXIVM Executive Success Programs headquarters at 455 New Karner Road, Colonie (Credit: Getty Images)

With three upstate New York properties owned by a sex cult set to be auctioned off, a Seagram’s liquor heiress could pocket up to $200,000.

Despite giving up her ownership stake after her involvement with the cult, Sara Bronfman-Igtet could get a sizable sum from the sale, the New York Post reported. Brooklyn federal judge Nicholas Garaufis signed off Thursday on the sale, according to court documents.

The properties, in the suburbs of Albany, formerly served as the offices of Nxivm, a cult that claimed to offer empowerment but instead entrapped women. Keith Raniere and his accomplices allegedly forced female followers to have sex with him and brand themselves with his initials.

Raniere was convicted of crimes including sex trafficking and racketeering, while
Igtet-Bronfman’s sister Clare Bronfman pleaded guilty in April to conspiring to conceal and harbor an undocumented immigrant for personal gain and to fraudulent use of identification.

Bronfman, who authorities said was the chief financier of Nxivm, previously sought in 2018 to develop a multifamily residential property in Encino, California. The sisters are daughters of the late Edgar Bronfman Sr., who was chairman of Seagram’s, and granddaughters of its founder, Samuel Bronfman. The sisters reportedly spent around $150 million of the family’s fortune on Nxivm. [NYP] — Georgia Kromrei 


Related Articles

arrow_forward_ios
New York Attorney General Letitia James and TradeOff head Ron Lattanzio (Getty, Linkedin)

TradeOff settles sexual harassment claims for $1.5M

TradeOff settles sexual harassment claims for $1.5M
New York Attorney General Letitia James and TradeOff head Ron Lattanzio (Getty, Linkedin)

Construction firm settles allegations of sexual harassment

Construction firm settles allegations of sexual harassment
Hidrock CEO Abraham Hidary, 54 Madison CEO Henry Silverman and a rendering of 12 East 48th Street (Credit: 54 Madison Partners)

Not over yet: Hidrock sues over auction of Midtown hotel project

Not over yet: Hidrock sues over auction of Midtown hotel project
Ohana Real Estate Investors CEO Christopher Smith (left) and Alexico Group's Izak Senbahar with the Mark Hotel at 25 East 77th Street (Getty, LinkedIn, Google Maps)

Judge: Hotel foreclosure sale is off the “Mark”

Judge: Hotel foreclosure sale is off the “Mark”
Toby Moskovits (Sasha Maslov)

“Wasn’t me”: Toby Moskovits disputes $210,000 legal bill

“Wasn’t me”: Toby Moskovits disputes $210,000 legal bill
Every day that the city is shut down, is another day of bills piling up for tenants. (Illustration by Paul Dilakian)

Unpaid bills force NYC restaurateurs and landlords to come to the table

Unpaid bills force NYC restaurateurs and landlords to come to the table
From left: Aaron Feldenauer, 90 Washington Street and Joseph Moinian (Getty, Google Maps)

Mayoral candidate sues Moinian

Mayoral candidate sues Moinian
One Thousand Museum and Porsche Designer Tower (Porsche)

Douglas Elliman agent allegedly created scheme to pocket commission advances: lawsuit

Douglas Elliman agent allegedly created scheme to pocket commission advances: lawsuit
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...