[s9e12] The Chairman -

This episode fueled major speculation regarding Marvin Gerard . Many viewers correctly suspected he was the puppet master using Red’s bank accounts and deep secrets against him, even as Red remained focused on the ghost of Mr. Kaplan .

While the episode focuses on the Chairman, it sets up the later reveal that someone was mimicking Mr. Kaplan’s signature phrase ("Dearie") to manipulate Red. [S9E12] The Chairman

The Chairman (played by guest star Craig Bierko ) operates the "Chairman of the Board" system, which allows criminal groups to thrive by treating their illegal activities like corporate assets. [S9E12] The Chairman