Bethenny, who was speaking at Rent The Runway's and UBS's Project Entrepreneur, Saturday in New York City, reportedly made offensive comments about women in business.
Tech entrepreneur Mary Pryor, who attended the event, took to Twitter and The Huffington Post to express her disappointment over Bethenny's alleged comments.
"I was one of the women who tried to stand up to reality TV star and Skinny Girl Vodka founder, Bethenny Frankel ... And was silenced," Pryor wrote.
"I was stunned when Frankel implied that women should have sex with men in exchange for capital," Pryor continued. "I was offended when she expressed some kind of kinship with black women because she's 'loud.' And I was taken aback when she advised those of us in the room to get business advice to hire a white man as the face of our companies."
Although there was no recording of the event, Pryor said "many of the women of color in the audience turned their heads in shock" at the reality star's comments.
"#PEIntensive16's keynote via @Bethenny was offensive and wrong NOT proper for a room full of female founders," she tweeted. "I along with another ally of color stood up to address how offensive @Bethenny was to not just us but the entire room."
Pryor continued, "For @Bethenny to insist that a young, Black female founder 'Find a white guy' to rep her biz is a racial microaggression."
"The Real Housewives of New York" star denies any of this took place and insists she was misinterpreted.
Bethenny said on Twitter, "The only problem is thag (sic) none of this happened. Never let the truth get in the way of trying to get attention."
She added, "Funny how in a room of hundreds of people & phones no one has me saying it. Don't speak unless ur educated on the topic."
When a fan asked what actually she said when she gave the keynote speech, Frankel responded, "1)be better than men 2)i find hard to believe u need white man to sell 3) only you know what you need for your biz."
The company throwing the event, Project Entrepreneur, later apologized in a statement:
"We understand that guests were offended during our Day 1 luncheon, following remarks made by our speaker. This was not our intention and is contrary to our goals. We apologize to our guests. We launched Project Entrepreneur to champion all women. We thank those of you who candidly spoke out and welcome this important dialogue. We look forward to continuing to empower women entrepreneurs as they build their businesses."
Of course, this isn't the first time the reality star finds herself in the middle of a racist controversy. In January, she made a lot of people mad after ranting about the lack of English speakers in one Kmart store.
"Wow @Kmart has 2 registers open w 5 other employees standing around & two speak no English whatsoever," she tweeted. "Shoes are sapatos right?"
"Not even attempting kids' snow boots in Spanish," added Frankel, mother of 5-year-old daughter Bryn Hoppy.
She took the backlash in stride, replying to critics with, "No excuse for being at a retailer & not able to be directed to what u need. 0 to do w race. I'll explain but can't understand it for you."
"Oh how I wish I was as good at starting fires in my fireplace as I am on Twitter. #wetwood," she wrote.
Say what you want about Bethenny, but she clearly knows who she is. And she'll never apologize for that.