• Report: #525607

Complaint Review: Nouveau Riche Corporation, Nouveau Riche, Nouveau Riche Education, Nouveau Riche College

  • Submitted: Thu, November 19, 2009
  • Updated: Wed, December 01, 2010

  • Reported By: NWO4ever — ontario California United States of America
Nouveau Riche Corporation, Nouveau Riche, Nouveau Riche Education, Nouveau Riche College
phoenix arizona Internet United States of America

Nouveau Riche Corporation, Nouveau Riche, Nouveau Riche Education, Nouveau Riche College The marketing is ascam along with RME, Internet

*Consumer Comment: Great Company!

*Consumer Comment: I was thinking about joining NR, but i watched my friend's world collapse

*Consumer Comment: How does this really work? Real or smoke and mirrors

*REBUTTAL Owner of company: Corporate Response To This Post

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Nouveau riche is a legitimate school but heres the problem. You have a CEO who is phony and fake who tears down his leaders! He has bitched out ISA's and students on the national calls, has literally yelled at and belittled his entire leadership team on leadership calls and wonders why the entire original leadership(some making a Million a year) to leave the company. That should tell you something. Not to mention these people bought into his lie of buying stock in the company and guess what...it tanked. Some peopel pais anywhere from $100k to $250K...ooops The promise of a Nouveau School for investors in a state of the art building on top of s peak over looking Phoenix.That never came to fruition due to the fact he did not realize its an unbuildable mountain with lava rock!!! Good move Mr CEO. Now here's a good one. NR is a real estate school and the marketing team is marketing real estate. But up until 2009, they literally told ISA's, IRA's and INA's NOT to invest in real estate ..or do it together. WHAT? You heard that right..don't do real estate!!! Here's why..NR makes no money if their marketing team does real estate, not recruit people into the marketing. Unbelievable...way to go CEO and MR General...degrade your entire leadership to do the one thing you promote the most and to do what 74% of the wealthy did right..but don't you do it or else.

Thank God I did real estate or else I would be in trouble since we know that NR has tanked and gone down the tubes. No growth and no motivation. No one is making any money..what 5 people in the entire company. Where's your original fab 5?? HHHmmmmm they bolted for other endeavors and to be a part of another company that treats them with respect!! Not too mention the real market expects..every person I know who bought property through them including myself has gone in to foreclosure. RME bought properties at the height of the market and sold it to us..now they are all upside down and all gone. And to top it off, RME is selling foreclosure properties to the very same peole who lost everything. What a joke!

Now lets talk about the lawsuits and bad deals that occurred. Let's start with Chalemoix homes in Phoenix. So many people bought $50K into units of this supposedly great development. Some people used their entire retirements and lost everything!!! No one has gotten a penny back..good move Mr cottrel. The michigan condos..another sad story for people. I could go on and on. This company has ruined so many peoples lives with false hopes and promises. The education is good but take it and run...dont do business with NR or its affiliates.

This report was posted on Ripoff Report on 11/19/2009 12:11 AM and is a permanent record located here: http://www.ripoffreport.com/r/Nouveau-Riche-Corporation-Nouveau-Riche-Nouveau-Riche-Education-Nouveau-Riche-College/internet/Nouveau-Riche-Corporation-Nouveau-Riche-Nouveau-Riche-Education-Nouveau-Riche-College-525607. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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Updates & Rebuttals

#1 Consumer Comment

Great Company!

AUTHOR: Nouveau Riche ISA - (USA)

I have had a great experience marketing Nouveau Riche education.
Im proud to say I have made over six figures!
To date my grand total commission in my pocket is:


 Not bad for a part time gig!

I tried to copy and past my commission details (dates, amounts, etc...) but it would not let me post it in this thread. 

I don't think I will check this thread for any responses or replies so if you have any questions about my experience with Nouveau Riche or would like to see my commission history in detail feel free to email me. you can email me at: postmaster@utahadam.com 

you can also visit my website www.UtahAdam.com
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#2 Consumer Comment

I was thinking about joining NR, but i watched my friend's world collapse

AUTHOR: Justin M - (United States of America)

My NR Experience

One of my best friends was introduced into NR.  She told me what a great way to "Start a New Life" and meet new people.  She told me about NR and said, its all about Real Estate....this was in the end of 2007.

We used to go out at least once a month with friends, but after she joined NR, she was very busy working with them.  I never really understood what she did, but she was always telling me, that Real Estate Investing is the Key. We both made 6 figures at a very well known company, but she decided to quit, because she felt she could make triple with her business (NR) then stay at her current job. 

I didn't see much of her in 2008, so I assumed she was doing well, since she quit her high paying job.  She also told me that she purchased 2 investment properties through NR and was very excited ($50K & $80K).  Still, she was pushing me to attend a NR seminar so I can learn all about it. She even had a large decal on the back of her car stating, "Not making $20,000 a month, call xxx-xxxx"

In the end of 2008, I went to one of those seminars, and they did disclose a tuition ranging $1600 - $16,000 depending on the level of education.  The perk was also if you signed up other people who are interest, you receive half the tuition as credit, so in reality, signing up more interested people would pay for your tuition.  They even had all of there services in house, so convenient. Wow, that sounded great, but just shows the company will never lose.

In the next few months, I watched my friend changed her tune from "Real Estate Investing is the Key" to "Education is the Key".  She had stopped purchasing Real Estate and was focused on Selling the "Education".  She would also tell newcomers that her business is focus on "Helping People."

She suggested to another mutual friend to grasp at this opportunity, even though our friends finances were rocky.  Our friend joined NR with the idea of a "Get-Rich Quick" idea....the marketing side of NR.  She did not pay her mortgage for quite some time to make the tuition, even though my friend said, she will get a fast return with the NR education.

My friend goes to EVERY NR event.  I didn't know it was because she needed to recruit more members to make up for the income she lost when she quit her job. Next thing I know, she talks about Foreclosures, and how she can help people that are going through Foreclosures, because "she is in the business of helping people". But then I realize, she is in the business of making a "Finders Fee" from peoples Mishaps from the economy.  

Then in the end of 2009, the friend she signed up also goes through foreclosure, but I don't see my friend or her even using the NR education they paid for.

My friend is always broke, and she did fly out to see her property, which the value is less than she paid.  She was thinking it would be a fast flip, but now the place needs repairs and is borrowing the money from me and our contract for repayment is not against her investment property, but with the property she lives in.  

The original post made me feel good that I did not invest with NR.  I feel my friend is embarrassed but is trying to recover from bad decisions, because she is really working hard, very hard.  People don't have jobs, and people do not want to risk what they have.

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#3 Consumer Comment

How does this really work? Real or smoke and mirrors

AUTHOR: DJOm - (United States of America)

Can anyone tell me how this system works?  I can not seem to get a straight answer from my "recruiter" or anyone at her office.  I am a non-practicing attorney, who has been involved in the real estate industry for over 20 years.  I was given the "illusion" that I could put together deals between homeowners that needed to be bailed out and were willing to sell substantially below market value, private "investors" that had money to lend from personal savings--read 401Ks---and those that wanted to buy the subject homes--leaving me with the profit after costs of fixing and selling.  What I have found is nothing but double talk.  I have just lost a deal which had the potential of turning $100K in NET profit simply because I could not get any answers.  

Accordingly, Are there truly investors?

What does one have to do to contact and present potential deals to them?

Does Nouveau Riche take a portion of the profit from the sale since they "technically" had the contact with the private investor?  

None of these questions seem to be too complicated; although I have worked in the real estate industry for over 20 years. 

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#4 REBUTTAL Owner of company

Corporate Response To This Post

AUTHOR: Nouveau Riche Corporation - (USA)

Nouveau Riche Corporation is not unlike businesses in todays world and market place. The Nouveau Riche Corporation is subject to the opinions of those we encounter and those who encounter us. We pride ourselves on rigorous training for our Independent Sales Associates and a firm commitment to compliance related requirements that apply to businesses today. We maintain an A- rating with the Better Business Bureau, one of the highest ratings they issue. We are proud of our product, the people who use it and the success they achieve.
We created Nouveau Riche Corporation to teach professionals and entrepreneurs how to invest in real estate and thereby improve their lives as they create wealth. Our education is our product, and our Real Estate Investment College curriculum is based in Instructional Systems Design (ISD), which is the same system and process used by universities across the country. This teaching design method accelerates learning and maximizes retention and has been proven time and time again in institutions of higher learning. We have also developed a Best of Breed, world-class team of Instructors and curriculum that teach and inspire our students to improve their knowledge; their financial situation or both. We believe in the quality of our education, and invite anyone to join the thousands of people who already have and check it out for themselves.
Negative postings you find here and in the blog world of the Internet we see as unfortunate comments made most often by uninformed, misinformed or anonymous individuals. We all know that anyone can post anything on this website and elsewhere on the Internet, and they can do it anonymously. It is possible that these postings come from people that want to publish misleading information. Rather than get the information they need to form a sound opinion by speaking with corporate staff, these people think it is easier and perhaps fun to spread false information. Regrettably, that happens and sends a false message to unsuspecting people looking for credible information.
We are looking for students who want to learn how to become better at creating wealth through real estate. Everything we do at Nouveau Riche Corporation is designed to give our students the best education possible, the best positioning to achieve success and the support of a community of like minded individuals to work with a student and support and encourage them along the way to financial freedom.
Our students also sharpen their skills and develop the tools necessary to be successful in business and realize that applying the knowledge gained from Nouveau Riche is hard work with no timetable for the success they desire. Our students come from every possible background, all attracted to our message. Some of the success stories, while not always typical, are simply astounding. Our products work!
We market our products via the direct sales model through entrepreneurs titled Independent Sales Associates or Independent Training Associates. We are not an MLM, nor do we offer in any fashion a Get Rich Quick program. We know that it takes discipline and effort to succeed in anything. Those who choose to market our products are not required to purchase any product we offer. We recognize the challenges of marketing and the effort it takes to be a successful sales person by paying a generous commission for sales made but never for a referral.
You can learn a lot about our company by attending one of the frequent and informative presentations held across the country on a weekly basis. You can also learn all about our company at our corporate website: www.nouveauriche.com. All of our contact information is there, and we are always available to discuss any aspect of our company with anyone. Just ask.
Here are some resources of official testimonials that are backed by a form signed by the person or persons making the testimony verifying the information is accurate and truthful. 1. http://www.nouveauriche.com/about/nouveaualumni.htm 2. http://www.newrichnation.com/success_stories/ 3. http://nouveaurized.com/ 4. http://www.nouveaurichetestimonials.com/
You may verify the Nouveau Riche Corporation BBB (Better Business Bureau) rating here: http://www.bbb.org/central-northern-western-arizona/business-reviews/educational-consultants/nouveau-riche-corp-in-scottsdale-az-15005011/
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