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Scam: #5225

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  • Posted By: Anonymous
  • Submitted: 12/13/2011
  • Severity: 7
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Bill me later

New Wealth Advisors Club formerly Known as Scam Artists Nouveau Riche

Us, California

"Investor seeks student to make thousands while you learn". These are the street signs posted all over the city streets and posted on the Craigslist section of Real Estate jobs. I called them because I have been wanting to be a part of an Investor group to learn and eventually start investing myself. When I spoke to the guy "Myke", he invited me to a meeting with his partner on Thursday at El Torito. I accepted and was very interested, so I attended. Once I got there, it was set up as a classroom setting in one of the private rooms in the restaurant and they started going over their wonder "New Wealth Advisors Club" and for a nominal fee you can become a part of the family and come to a class for a whole weekend and learn how to buy Real Estate "without having to use your own money or your own credit". Reluctantly, I signed up being that it was an investment of a few hundred bucks. Then the weekend came along, and I arrived at this industrial building surrounded by warehouses in Riverside. I entered and it was a large classroom playing Christian music. They began by introducing their first speaker, made everyone stand up and cheer, played music for his entrance and here came "Arcadio Diaz Jr....Multi million dollar real estate investor" Throughout the weekend they introduced to us more insanely "successful investors" like Eric Stevens, Mike Biglane etc. and then drop the bomb that in order to really join their club we needed to purchase one of their packages ranging from $3k to $14k. I did my research and found out that all of the instructors were previous instructors from the MULTI LEVEL MARKETING SCAM ARTISTS NOUVEAU RICHE ACADEMY which scammed many of their students and the owne James Piccolo ("Arizona Corporations Commission announced that Jim Piccolo and his business partners must pay nearly $6 Million in restitution and fines for defrauding 105 investors with unregistered deed of trust investments"). "Nouveau Riche Corporation Fraudulent Deceptive and Misrepresentative Selling & ripoff Practices Scottsdale Arizona" Basically, all you have to do is google Nouveau Riche and all the scam alerts pop up in bold letters, then I find out that not only are all of the instructors from Nouveau Riche, but Dave Boswell and Melina Boswell, owners of New Wealth Advisors Club were also leaders of Nouvea Riche and have formed their new club under the exact same foundation, principles, ideas and systems...which are all RIP OFFS!
If you see signs on the streets of Investors seeking students or internet ads with this same information...it's from their current students who make a split from your tuition so they can basically make back their money that they had to spend and make profits to finally start investing! SO...NEW WEALTH ADVISORS CLUB OR NOUVEAU RICHE...WHATEVER YOU WANT TO CALL YOURSELVES...IF IT WALKS AND TALKS LIKE A DUCK.....you know the rest....RUNNNNNN!

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New Wealth Advisors Club formerly Known as Scam Artists Nouveau Riche

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Who Scammed You Commenter
As the owner of New Wealth Advisors Club, LLC, (NWAC) I feel it is my responsibility to be 100% authentic. The anonymous writer chose to use the internet to attempt to hide behind false accusations and classifications. I’d like to be 100% transparent and demonstrate integrity.

My wife Melina and I founded NWAC based on a need. Let me explain. In 2007, we were looking for real estate and real estate education. We were struggling as the market started taking a turn. We knew we wanted to be successful in real estate but we were lacking focused direction. We spent 10’s of thousands of dollars flying around the country buying every program out there. We ultimately found Nouveau Riche (NR). Our experience with NR was like any other experience. Some good, some bad. The good: the instructors, education and our success. The bad: the founder, Jim Piccolo

Melina and I had tremendous success using the education we learned at NR. In fact, we had a large group of people following us and copying everything we were doing to capitalize on the real estate market. With such a following, we (Melina and I only)…spent over $300,000 to build multiple offices. We were recognized in the company for our take charge attitude and ultimately asked to be leaders in So. Calif. It should be noted; we built the offices before we were ever asked to be officially named leaders in NR.

We were honored. The great thing…God is always in control and all things happen for His good. As leaders, we had many perks. One of them was we got to know many of the instructors on personal levels and several of them became our mentors. The bad side…you have uninformed people that somehow associate you with the company NR for a life time.
Melina, myself, Arcadio, Eric, and Mike Biglane all left NR well before they closed their doors. As soon as we learned of troubles in the front office of NR, we resigned in November 2010. None of us had any inside knowledge of any of Jim Piccolo’s personal or business life. Ultimately, Jim Piccolo and his business partners were indicted. http://images.edocket.azcc.gov/docketpdf/0000116150.pdf The fact that James Piccolo was indicted…had nothing to do with any of us. That’s obvious…seeing as how none of us are involved in any lawsuit with NR. The lawsuit was handed down well after we were all gone. This would be like the employees of Enron being associated with Enron CEO simply because they worked there. This is lacking any merit and actually borders on libel.

Instead, we chose to take what we learned and make a positive out of it. We took the best instructors, built a 5300 sq. ft. office, invited all of our successful friends and colleagues, and opened NWAC. Most people would have made an excuse…”oh, poor me…NR is out of business…dang it! Now I can’t do anything!” Not Melina and I. We chose to take the experience and make it a positive one. Now we have a huge office full of positive motivated people who take responsibility for their lives.

At NWAC, we do not employ any multi-level marketing anything. We do not believe in it. We do word of mouth advertising. Bottom line, at NWAC we are committed to making a difference in our real estate market. We are doing this like no other company ever has. As our mission statement clearly states:

New Wealth Advisors Club is a group of people committed to empower and encourage all people to realize their core purpose in life. With this realization, we believe everyone can live an inspired life – full of enthusiasm – as they in turn inspire others.

We have documented success stories and students who are actively closing deals in our market. The proof is in the pudding….check out these videos:
http://youtu.be/c37tLx13AR4
http://youtu.be/zt-tD4pM9TM
http://youtu.be/w_hfVnYqcOQ
http://youtu.be/X1urIm-R_AI
http://youtu.be/mLEMuV8MVBA

I encourage anyone looking at making a change in their lives and getting actively involved in real estate…come to one of our overviews and see what we are all about. I welcome a conversation with anyone who was dissatisfied with what we offer. A conversation is way more productive than an anonymous post, which is big on accusations, but lacking facts and substance.

Don’t let anyone steal your dreams. Ask a successful person if you should do something positive to change your life…they will tell you…GO FOR IT! An unsuccessful person will share all the reasons why it won’t work. Next time you take advice from someone, make sure they are giving you advice based on their success and not what they heard about or read about.

God Bless,
Dave Boswell
Run don't walk from these scammers. They prey on others and charge them 4-20k for seminars in which they force you to bring them flipping opportunities.
They are already being sued for fraud by many people. See the lawsuit here. http://www.skapiklaw.com/uncategorized/new-wealth-advisors-club-lawsuit/
They use God as a reason to invest with them. Even worse.
Dave Boswell and Melina Boswell have now started their scam in CORONA ca. They are bullies who pretend to be religious but in all honesty are evil individuals. True people who believe in god would not lie to steal from innocent people to then leave them hung dry. They also are cyber bullies who lie and will say and do whatever it takes to save face. Yet they call it being transparent!
  • Kristi
  • Submitted: 09/24/2015
Total SCAMMER! Lie, cheat and steal your money. They act like patriots and play the God card but they are the devil. Save yourself and tell others if you care about humanity

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