Bethenny Frankel on 'Regis and Kelly': 'Real Housewives' was like a 'pyramid scam'

Bethenny Frankel helped "Live with Regis and Kelly" celebrate the first day of Season 23 in syndication on Monday, Sept. 6.

Last week, Bethenny officially announced that she's not returning for Season 4 and when Regis Philbin asked her if she misses the housewives, she simply replied, "I don't."

"I feel like it was a pyramid scam," Bethenny says. "And you're lucky to get out at the top and I don't want to go back in the bottom and get stuck in the middle."

Regis, who doesn't believe reality shows are real at all, asked the former housewife just how much of the Bravo series is faked.

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