HBIZNEWS

Here we go again!

After two failed attempts, a third law suit has been filed in Illinois against Your Travel Biz, (YTB).

In this latest action against the company, the plaintiffs are seeking $100,000,000.00 in damages and stating, (among other things), that YTB has….

“perpetrated an illegal pyramid scheme that represents one of largest fraud(s) in the history of the State of Illinois and the history of this nation.”

OK, I agree that YTB is a pyramid scam. 70%+ of the revenue is generated from recruiting and feeding off of their own reps and less than half ever make a dime from the travel “product”.

But here’s the issue I see at the moment. This law suit may very well be to broad.

Consider that quote above that TYB is the biggest fraud in the “history of this nation”. Getting a court to agree with that is asking a lot.

We’ll keep you posted as this latest legal action develops but on first look, I suspect that it will be thrown out on the same grounds as the first two.

Next Time

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