YTB hit, then hit again, then hit again

Not quite knocked out, YTB certainly is up against the ropes. At the risk of saying "I told you so" read my posts "YTB nail in the Coffin" and "YTB Travel - legal or illegal" where a year ago I was questioning the legality of their business model.

Keep in mind, if you've read this blog before, I'm not an MLM hater. But there are clear legal ways to run an MLM, and YTB clearly flaunted with the most obvious rules... those being that most of your income had to come from selling the end product, not internal marketing systems or pay directly for recruiting. When I was first approached about YTB the red flags jumped out immediately.

Sure enough, last year the Florida Attorney General began an investigation. Last week the California Attorney General actually filed suit calling YTB a "gigantic pyramid scheme" and one story has it that it resulted from a 2 year investigation AND negotiation with YTB, and now per this St Louis Dispatch article, two YTB agents and sales reps have filed a class action law suit for $100 million.

Hello YTB reps... time to get out.

Also per the Dispatch article YTB has withdrawn their application to get onto the American Stock Exchange. Why they'd even apply when all they ever seem to report is red numbers???

But the bottom line is that YTB makes the vast majority of it's money selling "booking engines" to new recruits and on recurring billings for those online travel booking sites... AND NOT for booking travel. That's ILLEGAL, at least in the way I understand the law... fortunately for me, California agrees with me.

10... 9... 8... 7... 6.... 5... 4... 3... not much more before it's a knock out.