Nouveau Riche (real Estate Investment College) - Controversy

Controversy

Fortune Small Business reported that the company's affiliated investment broker, Investor Concierge, markets properties as "positive cash flow", but the cash flow is often positive only because of temporary subsidies, putting the buyer at risk of negative cash flow after the subsidies expire.

The three founders have a background from Global Prosperity Group (GPG), which was "designed to be a scheme, device or artifice to defraud". When this scheme collapsed they founded the company Tru Dynamics, a MLM concept that later became the inspiration for the pyramid scheme Liberty League International, as several leaders left Tru Dynamics to create their own company.

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