Seagram heiress Clare Bronfman admitted her guilt in the foundation of the sex cult Nxivm, BBC News reported.
The 40-year-old Bronfman was accused of investing over $ 100 million to establish a sex cult, whose members, by means of blackmail and threats, forced women to have an intimate relationship with its head, Keith Raniere.
The billionaire confessed to the following crimes: conspiring to conceal illegal migrants for financial gain and fraudulent use of personal data.
"I wanted to do good in the world and help people," she added. "However, I have made mistakes."
Bronfman will be sentenced on 25 July. She could face up to 25 years in prison.