Investigation of a consumer protection class action case against YTB International, Inc.; YourTravelBiz.com; YTB.com; and YTB Travel Network, Inc. The alleged scam run by these entities happens when consumers pay the defendant an original subscription fee of approximately $450 and a monthly subscription fee of $49.95 with the expectation that they are buying into a travel agency franchise that is capable of generating generous returns on the investment. In reality, the business model is a pyramid scheme that has generated millions of dollars for those at the top of the pyramid and left consumers with a return of pennies on the dollar. Pyramid schemes such as the one YTB International, Inc., YourTravelBiz.com, YTB.com and YTB Travel Network, Inc. have been expressly made illegal through various state statutes including Illinois state statutes.
Name (Stock Symbol)
YTB International, Inc. (YTBLA.OB)
YTB International, Inc., through its subsidiaries, provides Internet-based travel-related services and technology primarily in the United States.
YourTravelBiz.com, a subsidiary of YTB International, provides internet based travel services.
YTB.com, a subsidiary of YTB International, provides internet based travel services.
YTB Travel Network, Inc
YTB Travel Network, a subsidiary of YTB International, provides internet based travel services.
The information provided on ClassAdvocate.com is general in nature,
does not apply to any particular factual situation, and is not and
should not be taken as legal or other professional advice. We make no
commitment or warranty that the factual, legal or any other information
on ClassAdvocate.com, or on any linked website, is accurate, complete,
error-free, or current. As such, you should not rely on such information,
and should seek professional advice if and as you determine appropriate.
ClassAdvocate.com is not a lawyer referral service, and no attorney-client
or confidential relationship is or should be formed by use of the site.
The investigations listed on ClassAdvocate.com are attorney advertisements
and do not in any way constitute a referral or endorsement by ClassAdvocate.com
or any approved or authorized lawyer referral service.