Scam: #13767

Scam Alert

Business

Posted By: Anonymous
Submitted: 07/30/2012
Severity: 8

dave and melina boswell

new wealth advisor group -SCAM

riverside, California

great scammers.
I will make sure no one will join these SCAMMERS.
They are brain washing uneducated people and stealing their money legally.
\During the class you repeatedly used a sales tactic commonly referred to as a takeaway. You get people to pay the outrageous tuition by placing emphasis on how selective you are on who you are willing to offer your class to. Any individual capable of thinking for them self should be able to recognize that you would offer your class to anyone willing to pay you $500 to $1000 to sit in your office for three days. How do you justify an extra $500 to serve food? Clearly, you are profiting! $500 per person is NOT what it costs you to operate that office. HOW DARE YOU make an analogy of someone walking into a supermarket and not paying for groceries. Those idiotic analogies only succeed on weak minded individuals who do not think critically. Clearly, if you really were seeking individuals to work with you, you would not be looking for morons who fall for your excuse that $500 per person is what it costs to operate your office.

7. During your 2 hour presentation all you did show talk about how much money people allegedly made working with you. You did not talk about how they made any of that money. You just talked about what people supposedly make when they are offered the privilege to work with you.

wasted my 3 precious days and $497.

brain washing weak mind and charging upfront upto $25000 for BOGUS TRAINING.

COUNTY COP should take action and close this business forever

Comments

Vernon

Submitted: 08/31/2012

I am Vernon, the owner of NexLev Solutions, LLC. We are actively developing a new management system to help New Wealth Advisors Club better manage their office. I just wanted to make a statement on behalf of my client, who is not aware of my actions.
First of all, it is unfortunate that you have had this experience. Very few people want to be lied to, manipulated, or made to feel like something is urgent when it is really not. Very few people like to get scammed. So if that is your experience with my client, then, I respect that and expect you or anyone else to make judgments on who you are willing to do business with.

With that said, my company is on the East coast, Atlanta area, and I personally took a plane out to California to observe just how the NWAC business is run. Why? Because I am a consultant and had to better understand their business model to build an application to run their company.

The extra $500 they charge for the VIP 3 Day Package is not just for the 2 or 3 meals they provide. It is a lunch time where they sit with the leaders and teachers of the club to ask questions and even have conversations regarding a student's particular situation. This is important for the type of person who likes to deal with the upper echelon or top dogs of a group. They realize that just being in the presence of the best is valuable in and of itself. If you do not see the value, then save yourself the $500. It is optional.

On my last trip at their 3 Day event, there were some folks who came to the 3 Day class and were being a bit negative. They were telling other students about how they can get the classes for cheaper, how it may not be worth the money, and how this program would not work. Dave Boswell actually offered the entire group a refund for their money. When he did this, no one requested the refund.

Joining a group like NWAC is like swimming up a river. If just one person stops swimming, the whole group will work harder to pull you along. This is what NWAC is really selling....support! You can get classes anywhere. But if you live in the southern California area and need someone to hold your hand and help you step by step, or if you are indeed "real estate dumb", or even if you seriously lack encouragement, then NWAC is a very viable option for you to consider.

In an effort to show the public how students are faring RIGHT NOW with the club, checkout their blog that my company put up for them: http://newwealthadvisorsclub.com/blog. Here you will see videos of students in action taking advantage of the support of other group members...including the leaders and teachers. Some of the group members have even partnered up to form their own real estate companies. Keep in mind that Dave and Melina Boswell, the Founders of New Wealth Advisors Club, don't make money from these deals.

I hope this will suffice for at least explaining why some might see things differently. At the end of the day, the original poster is right that anyone who is making a judgment of whom they choose to do business with, should think critically. Just make sure you get a firsthand experience to make an informed judgement.