YTB International Faces Illinois Pyramid Scheme Lawsuit

A year end filing by U.S. District Court for the Southern District of Illinois vs YTB International alleges 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." The suit seeks $ 100 million in actual and punitive damages.

The suit alleges that "The defendant corporations have taken over half a billion dollars from their unsophisticated customers, selling them on the dream of cheap travel and million dollar pay-outs when the only way that Plaintiffs and their class could make a net profit was by recruiting others to join the illegal pyramid scheme, while over half of the its customers received no travel commissions at all, the directors of YTB International, Inc. each paid themselves multi-million dollar salaries while also siphoning tens of millions of dollars from their publicly traded corporation to privately owned corporations that they owned and controlled. Plaintiffs and their proposed class ask this Court to end Defendants' massive fraud and to enter a judgment that compensates them for the hundreds of millions of dollars that Defendants swindled. Plaintiffs' claims are typical to those of their proposed class because they arise out of Illinois common law."

YTB also faces legal action by the State of Illinois Attorney

 

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