YTB Faces Court Action
Travel agents concerned with the future of YTB Inc. and its impact on the travel industry will have to wait until September when, reportedly, the lawsuit by California's state Attorney General against YTB will be heard in a Los Angeles court.
The State's attorney general filed the suit against YTB in August 2008, alleging that YTB "operates an unlawful endless chain scheme (pyramid scheme) that relies on untrue and misleading representations and unlawful, unfair, and fraudulent business practices." This, the state said, includes "violations of laws regulating the sale of seller assisted marketing plans, franchises, and travel discount plans."
While YTB has remained silent on the charges, as is their right, the issues have special meaning for agents who are also facing the demise of TravelStar/JoyStar which, at press time, may impact scores of agents and at least $350,000 in unpaid commissions. Both Carnival Cruise Lines and Norwegian Cruise Lines have dropped JoyStar. Unlike YTB, however, legal action is being left to individuals.
More YTB News and Articles
- YTB International Files Chapter 11
- YTB Calls off LTS Merger
- YTB International Appoints Andrew Cauthen President and CEO
- YTB International CEO Resigns Amid Restructuring Program
- YTB International Announces Merger Agreement
- YTB Completes Travel Agreement
- YTB – ZamZuu to Market Energy
- YTB International Faces Illinois Pyramid Scheme Lawsuit
- YTB Faces Court Action
- YTBTravel Mentioned in ASTA Article
- Insider Deals at YTB Raise Questions, Concerns
- Brown Sues to Topple YTB
- California AG Files for Injunction Against YTB
- YTB Travel Considers Dropping Network Marketing Model
- YTB Named in Travel Weekly Power List
- YTB refutes negative images, emphasizing multilevel biz model
- YTB International Announces Removal from OTC
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