Nouveau Riche was a multi-level marketing company and a non-accredited[1] vocational school specializing in real estate investing.
[citation needed] Nouveau Riche once had plans to construct a campus facility on a 30-acre (120,000 m2) site overlooking the Phoenix, Arizona, valley.
[7] The 140,000-square-foot (13,000 m2) campus was estimated to have a cost of $74 million and was planned to have administrative buildings, glass-and-steel classrooms and luxury dorms linked by a man-made river.
The Commission found that the men promoted the unregistered deed of trust investments at real estate education seminars where they convinced students to become investors, promising them double-digit returns.
[15] Mike Sunnicks of the Phoenix Business Journal reported on June 21, 2016, that Nouveau Riche Alumnus Bob Snyder founded Renatus LLC with headquarters in Salt Lake City.