YTB Travel Going Out Of Business

Posted on 18. May, 2009 by Dan Mitchell in Evaluating MLM, Network Marketing - MLM, Network Marketing News

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According to The St. Louis Post-Dispatch, the latest suit filed against the YTB Travel company by the state of Illinois could spell doom for this travel mlm.

Here's more from The St. Louis Post-Dispatch:

The charges are similar to those filed by California Attorney General Gerry Brown in August, which were settled in an agreement released Thursday requiring YTB to pay $1 million in fines and substantially change its business model in California. But Madigan's suit, filed hours after the California deal was announced, goes further. It seeks a permanent ban on any multilevel marketing activities by YTB and the company's executives, and includes fines that would dwarf the California settlement.

So, YTB had $162 million in revenue last year but the average distributor in this travel mlm made less than $50. Good riddance!

Read the whole story...

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