How many of you remember the legend of "Robin Hood"? who took from the rich and gave to the poor and the less fortunate; Now for those of you that do we have our very own 20th century legend However, this legend is spelled a little differently then
we are accustom to and his policy are all together different then that of the old "Robin Hood" is known as "The ROBBING Hood of Travel" and is the owner of YTB Travel International Inc. or more commonly know as yourtravelbiz.com. Who sells false hopes and dreams of wealth and luxurious cars and houses all for a $450.00 start up fee and a $50.00 monthly maintenance fee. However, Some, like California Attorney General Jerry Brown, say the whole thing's a scam that recruits thousands of members with deceptive claims. The only people reaching their dreams, they say, are a handful at the very top, while most get nothing. But YTB's legion of supporters say that's just not the case. They argue that the YTB complaints come from ex-agents who thought success would be handed to them, and that YTB Travel International Inc. is rigorously aboveboard. Whoever's right, there's no denying that YTB Travel International Inc. has tapped into something powerful, and has ridden it to become one of the fastest-growing small companies in the St. Louis region.
Along the way, the Tomers prospered. Scott Tomer and Sorensen each earned $2.3 million in cash, benefits and stock last year, according to filings with the Securities and Exchange Commission. Lloyd Tomer earned $3.5 million. Top salespeople made out well, too: A couple earned more than the top execs last year, and 11 sales directors topped $800,000, according to the company's publicly available income disclosure statement. Dozens more earned six figures.
But beneath them, the vast majority earned little.
YTB's 45,000 entry-level sales reps — the people who sell new travel agencies — on average earned $90.32 last year. And of the more than 200,000 people who paid the company as much as $1,000 to run a travel website in 2007, nearly 125,000 didn't earn a penny in commissions, according to Brown's lawsuit. Half of the rest earned less than $39. And while YTB took in $103 million last year from selling and maintaining websites, it paid out just $13.4 million in commissions for selling travel.
Those numbers led to grumbling that YTB is little more than a pyramid scheme, a shell game designed to enrich a few on the backs of many. Those grumbles grew for months, and then burst open with Brown's lawsuit, followed by news of an investigation by Illinois Attorney General Lisa Madigan and two class-action lawsuits filed in federal court in East St. Louis.
For More Information Contact:
Daryl D. Alex
Regional Executive
Traverus Travel and TeleVerus Cell Phones
1.800.781.3254
1.877.744.3431
225.590.7700
What is Different about Traverus And TeleVerus Cell Phones
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