To anyone thinking about investing in the Nouveau Riche investment scheme, THINK TWICE. The reasons follow.
The Nouveau Riche investment scheme was sold as a legitimate business opportunity wherein individuals are guaranteed multiple 6 figure incomes within the first year and 100% ROI within the first 60 to 90 days with an investment of $17,000 - $18,000. The facts are:
Out of thousands of scholars in Nouveau Riche, no more than a handful make multiple 6 figure incomes. They tell you there are thousands of scholars, however, most of what they tell you cannot be independently verified.
Few if any scholars realize a 90 day ROI. Many scholars get frustrated because of the deception and stop working the investment scheme after months of frustration.
Investmesments of $30,000 are common place with no ROI.
The company is structured such that complaints for fraud, misrepresentation, deception are ignored and kept quite. Management does not respond in a timely manner and then only in a half hearted manner. The founder of the company washes his hands of the complaints.
They require products purchases as part of the initial investment and then deny this requirement after the authorized return date (3 days) has expired.
They sell the investment scheme as NOT MLM, however, after you invest they tell you that selling to family and friends is the key to success.
The selling process involves initial deception followed by conference calls with other reps validating the deception (3 ways).
Nouveau Riche has a Board of Regents that is structured to handle complaints.inherently, members of the Board of Regents subscribe to the same practices which makes resolution to problems all but impossible. How do you discipline one scholar for activities in which all parties are involved?
They tell you that there is extensive training and they are genuinely interested in your success. After they get your money, this training and support is elusive.
They tell you that seminars are the key to lead generation. They induce you to invest in seminars that are supposed to be a working model that is consistent in results based upon prior success. The reality is... The seminars are a poorly working model... The speaker demonstrated limited skills... And did not distribute the limited leads to the investors as promised.
The products by Nouveau Riche have very high entry points. They encourage you to buy the entire package at a cost of $15,685 plus expenses. The value of these products in relation to the price is questionable. The profit per sale is 60 - 70% because the products are over priced.
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