YTB's Travel Pyramid YTB mLm YTB Scam
Does this look like a Pyramid ?
Tweets by @ytbPowerTeam
YTB travel network ytb international ytb scam ytb ytb travel scam ytb agent ytb success ytb presentation reviews ytb pyramid ytb logo ytb meetings read this page, get the facts before you join.
Is A Business Opportunity Always A Scam ?
YTB.com/2
Is A Business Opportunity Always A Pyramid ?
YTB.com/2
Business Is Business mLm or Not. YTB.com/2
SCAM defined a dishonest scheme; a fraud. "an insurance scam"
| fraud, swindle, fraudulent scheme, racket, trick;
pharming;
informalcon, hustle, flimflam, bunco, grift, shakedown.
|
If YTB was a scam, why would they offer a free option to join?
Y T B History
J. Lloyd "Coach" Tomer, his son Scott Tomer, and Kim Sorensen launched YTB in 2001 in Alton, Illinois. Growth was slow until 2004, when YTB's creators bought controlling interest in a related company, REZconnect Technologies, increased their marketing budget, and aggressively recruited new members with videos of successful salespeople.By years end, the company employed 23 employees with total travel sales reaching $20 million.
In 2007, Royal Caribbean stopped doing business with YTB, describing the company as a "card mill"; an industry term for a business that provides perks that are intended for a limited number of travel agents to the general public.
Now YTB has a online training program for travel agents.
In 2008 the company was sued by California Attorney General Jerry Brown. An out of court settlement required changes to the company's business model, and generated a decrease in membership attributed to bad publicity.
In late 2008, YTB laid off 17 employees, a move that was part of a reorganization.
In 2009 the company was operating at a loss of $1.9 million for the first three months of the year.
Revenue in that quarter dropped 49% to $21.8 million and then to $18 million in the second quarter.
The company's paying members, Referring Travel Agents know as RTA's also declined substantially in number, from a high in April 2008 of 138,000 to 60,414 in mid 2009.
The decline in revenue led the company to sell several commercial properties it owned in 2009, including the company's Learjet.
That year YTB also sold RezConnect, by then its technology and booking arm, to two of RezConnect's officers.
YTB terms of the sale, YTB would indemnify the new owners for any YTB related liabilities.
In 2011 the YTB company sold its headquarters building and adjoining property for $7.6 million.
In October 2011, a newly formed company, Sixth Scott LLC began purchasing YTB Travel Network from YTB International.
The company was relaunched as First Alliance Travel one year later.
On February 1, 2012 founder J. Kim Sorenson died at the age of 62.
In May the company began a major restructuring, and stated that the President and CEO, Robert Van Patton, had submitted his resignation.
In September YTB called off the merger, and announced that founder and chairman Scott Tomer was also resigning.
On March 1, 2013 YTB International filed for Chapter 11 protection in federal court in St. Louis Missouri.
The last quarterly earnings report the company filed was for the third quarter of 2011.
On October 11, 2013 YTB completed the sale of its assets to a Chicago based businessman Sam Hathi of Jamraval, Inc.
"We believe the YTB franchise can be turned around and that it can regain the leadership position that it once held in the travel services industry," said Hathi in a statement.
YTB has operated as YTB Global Travel since being acquired.
YTB is known as YTB, YTB Travel, YTB Travel Biz, Your Travel Biz, YTB International, YTB Cruises Travel, YTB Vacations.
YTB is a seller of travel, flights, hotels, vacations, vacation packages, rental cars, cruises, and more.
Many competitors have tired to but YTB out of business since by large measure have been a successful travel business.
YTB does sell a product just like Avon or Organo Gold.
Some people choose to call any mLm biz a scam since it does require work, and not everyone really wants to work, they just want a check.
2015 marks fifth-teen years since YTB started there business.
What Is The Best mLm Business Opportunity ?
- 5LINX
- ACN Inc.
- AdvoCare
- Agel Enterprises
- Ambit Energy
- Amsoil
- Amway
- Amway Global
- Avon Products
- Beachbody
- BioPerformance
- BurnLounge
- Discovery Toys
- Forever Living Products
- FreeLife
- Fuel Freedom International
- FundAmerica
- Herbalife
- Isagenix International
- Juice Plus
- Kleeneze
- LegalShield known as Pre-Paid Legal Services
- LifeVantage
- The Longaberger Company
- Mannatech
- Market America
- Mary Kay
- Melaleuca
- MonaVie
- Morinda Bioactives
- National Safety Associates
- Neways
- Nu Skin Enterprises
- Oriflame
- The Pampered Chief
- Primerica
- OrganoGold
- Reliv
- Scentsy
- Shaklee
- Stream Energy
- Success University
- Sunrider
- Telecom Plus
- Unicity International
- USANA Health Sciences
- Vector Marketing
- Vemma
- ViSalus
- Watkins Incorporated
- World Financial Group
- XanGo
- Young Living
- YTB
ytb travel scam ytb pyramid scam ytb international scam ytb travel network scam world ventures scam traverus scam bbb scam ytb ripoff
Tweets by @ytb_TRAVEL
The Best Travel mLm Opportunity YTB G-O.us . YTB just click here . Watch YTB Video The Best Travel mLm Opportunity YTB G-O.us
YTB International, known as YTB Global Travel, Your Travel Biz or YTB, operates a multi-level marketing business through owner-affiliate websites offering travel, excursions, and lodging.
YTB company was founded in 2001 by J. Lloyd "Coach" Tomer, Scott Tomer and Kim Sorensen.
YTB company is currently owned by U.S. businessman Sam Hathi of Jamraval, Inc. Other YTB subsidiaries include YTB Travel Network, Inc., Zamzuu, Inc., and REZconnect Technologies, Inc (2004–2009).
YTB is based in Wood River, Illinois. International subsidiaries operate in the U.S., Puerto Rico, the Bahamas, Bermuda and Canada.
Between 2006 and 2009 the company YTB was the subject of several lawsuits and investigations in California, Illinois, and Rhode Island, alleging the company to be a pyramid scheme and usage of deceptive marketing.
Declining revenues following this led to the company's bankruptcy in 2013, after which is was purchased by Jamraval, Inc. and reorganized under the name YTB Global Travel.
YTB is on track to make and break many records in 2015. This is a foward looking statement.
YTB's Travel Pyramid YTB mLm YTB Scam
No comments:
Post a Comment