Investor to Resurrect YTB International

October 14, 2013 -- An investor has acquired the assets of YTB International. YTB, which once had more than 130,000 independent agents, filed for Chapter 11 bankruptcy in March after fallout from lawsuits filed by Illinois' and California's Attorneys General, alleging it operated as an illegal pyramid scheme.

Jamraval Inc., which purchased YTB's assets for $3.5 million, will resurrect the company as YTB Global Travel Inc., overseen by the owner of Jamraval, Sam Hathi. YTB International's president and CEO, Andy Cauthen, will stay on in a management position at the new company.

 

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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