Home Network Marketing News MLM Blog News Illinois Vs. YTB Travel

Illinois Vs. YTB Travel

77
3
SHARE

Here's more on the ongoing YTB Travel saga from No Travel MLMs Blog:

Contrary to what some of the commenters on this blog (and others)
think, this lawsuit has a lot more teeth and is asking for fines that
will dwarf what was asked for and received by California.

If found guilty, a verdict could cost YTB over half a billion dollars. If you read the filing, you need to note that there are two separate counts.
The Illinois Attorney General, Lisa Madigan is charging that YTB
violated the Consumer Fraud Act (Section 2A2) and also violated the
act  a second time for unfair and deceptive acts or practices.

In each of these counts, the State is seeking fines of $50,000 per violation, legal fees, plus restitution. Now at the end of 2007, YTB reported that there were 5720 RTAs in Illinois.

So, if the AG is successful, YTB is facing $285 million per count, plus complete restitution of all costs to each RTA.  Do the math.

Read the whole story

3 COMMENTS

  1. Interesting how you are in bed with an anti-MLM zealot like John Frenaye. You sound like a total mouthpiece for someone who distains MLM.

    Trying to boost your recruits by dissing YTB, Ty??

    Showing your true colors, MLM PRO.

  2. 1. I didn't post this article. MLM Blog Correspondent, Dan Mitchell did.

    2. I do think YTB is an illegal pyramid.

    Less than 25% of the revenues at YTB come from Travel. The remaining revenues come from sales of web sites and sign up fees.

    I don't have to dis YTB to boost my recruiting. YTB reps are already out looking because the company as a Network Marketing business is TOAST.

  3. I will be more than happy to compare notes with you in, say, 12 months.

    Get out the butter and jelly, you will be eating that TOAST.

LEAVE A REPLY

Please enter your comment!
Please enter your name here