Nouveau Riche is a multi-level marketing and non-accredited vocational company specializing in real estate investing. Class topics range from introductory real estate investments to sophisticated techniques such as creative real estate investment techniques including wholesale, multi-unit, and short sales; example titles are "Fix & amp; Fold" and "Creative Financing".
The company takes its name from the French term nouveau riche, which refers to people with "new money," especially in a flashy or vulgar way, which creates wealth in their own generation as opposed to inheriting family wealth ("old money").
Riche Nouveau University closed on 31 December 2010.
Video Nouveau Riche (college)
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Nouveau Riche teaches thousands of students from all over the United States. In 2007, more than 9,000 people attended college. There are three lecture schedules ranging between 30 and 120 hours of instructional. Students may appoint partners to attend classes at no additional cost. Classes are taught using instructional system design principles and several six-day lecture sessions are held throughout the year. The students enrolled at the Bupati's expense (98 percent of all students) can repeat the class for an additional year and have access to a streaming video class for a selection course at no additional cost.
Maps Nouveau Riche (college)
History
Nouveau Riche was founded by Jim Piccolo and Mary Piccolo in 2000 with the commencement of a corporate education program that took place in 2002 through a collaborative effort with co-founder Bob Snyder. In December 2002, the company's headquarters was established in Scottsdale, Arizona.
Nouveau Riche once had plans to build a campus facility on a 30-acre (120,000 m 2 ) site overlooking the Phoenix, Arizona valley. The 140,000-square-foot (13,000m 2 ) campus is estimated to cost $ 74 million and is planned to have an administration building, glass and steel classrooms and a luxury dormitory connected by a man. artificial river. The design of this complex is led by Larson Associates Architects, Inc.
Controversy
Fortune Small Business reports that the company's affiliate investment broker, Investor Concierge, markets the property as "positive cash flow", but cash flow is often positive only because of temporary subsidies, putting buyers at negative cash flow risk after the subsidy ends.
The three founders have a background from Global Prosperity Group (GPG), which is "designed to be a scheme, device or intelligence to deceive". When this scheme collapsed they founded Tru Dynamics company, an MLM concept that later became the inspiration for the pyramid scheme of Liberty League International, as some leaders left Tru Dynamics to create their own company.
Arizona Corporations Commission fine
In a press release on February 17, 2011, the Arizona Company Commission announced that "[T] he Commission ordered James Piccolo of Scottsdale, Craig Cottrell of Tempe and Michael Roberts of Scottsdale and its affiliated company to pay $ 5,577,226 in damages and a total of $ 300,000 in administrative sanctions to deceive 105 investors with an unregistered trust investment deed.
The Commission finds that people are promoting certificates of unrecorded trust investments in real estate education seminars where they convince students to become investors, promising them double-digit returns. "
Famous Alumni
Casey Serin (real estate investor failed to assume "poster boy for everything that was wrong in the real estate boom" by USA Today - Serin attended a week-long course at the NRU location in Phoenix, at where he paid $ 16,000.
References
Source of the article : Wikipedia
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