Here's more YTB Travel News; It has been brought to my attention that YTB has once again made headlines this time in Louisville, Ky in an article written by Charla Young for Wave- TV in Louisville, Ky
LOUISVILLE, KY (WAVE) - The Better Business Bureau is warning consumers about an online travel company recruiting people to work from home. The company promises big money, but many people have complained that those promises were empty.
Theresa Simons was searching the Internet recently, looking for a way to make money when she happened upon a website that caught her eye.
"This is what I came up with," Theresa said. "It was a very great way for me to come up with money. It was a piece of cake. And I could do it sitting at home, at my own desk."
The company Theresa found is called Your Travel Biz International Inc. Its website boasts of lucrative income opportunities by becoming an online travel booking consultant. And the company says you can earn up to $100,000 in bonuses.
"I influenced some of my closest friends and some of my closest family members," Theresa said. "And they got scammed, too."
But Theresa and others claim the company left them with wallets as empty as the promises by requiring substantial sums of money upfront (which should always be a red flag).
"I knew I had to put a small amount of money in," Teresa explained. "I was expecting that - but not as much as they wiped me out of."
Theresa claims she lost at least $500, and has nothing to show for it.
Charlie Mattingly with the Better Business Bureau says his agency gave an "F" rating to Your Travel Biz International.
"Anytime you sign up with a business where you realize your success is going to depend largely on recruiting others to work under you, you ought to think very carefully about it. Because we see lots of those things that don't work out to be what people think they are."
Over the past three years, Louisville's BBB chapter has received 112 complaints about Your Travel Biz International, and has released the following statement about the company:
"The earnings claims are exaggerated, and the testimonials are invalid as evidence of the truth of the company's advertising."
Mattingly says he understand why people sometimes fall victim to misleading claims.
"A lot of people are looking for work now and they see this as an opportunity," Mattingly said. "But it unfortunately often turns out to be a hollow hope and a false opportunity."
We contacted Your Travel Biz International and spoke with President and Chief Operating Officer Andrew Cauthen, who had this to say about the BBB's statement:
"The information the BBB is reporting is inaccurate. We answer each and every complaint within a 24 hour period. We always refund money no questions asked."
We checked again with the Better Business Bureau and was told that Your Travel Biz International has made settlement offers to 114 customers, and that 88 people accepted the offers. We're told 41 of those offers involved some monetary refunds.
YTB is also saying there are currently no open cases with the BBB. When we asked about Theresa's case, we were told that YTB contacted her with an offer, but Theresa says the offer was unacceptable.
For more information contact:
Daryl D. Alex
Regional Executive
TraVerus Travel TeleVerus
1-800-781-3254
What is Different about Traverus And TeleVerus Cell Phones
Friday, November 20, 2009
Friday, August 21, 2009
More YTB Travel International Directors exit stage "LEFT"
Hot off the ytbtravelnews press it appears that two more of yourtravelbiz.com top Directors have come to the EDUCATED conclusion that in light of all the YTB sandals that being involved with yourtravelbiz.com is no longer worth the HEADACHE and have issued a statement of resignation to yourtravelbiz.com.
It appears that Floyd J. Williams and Spencer W. Iverson, JD a pair of yourtravelbiz.com TOP money earners and YTB's Circle of Champion Members are now calling it quits with YTB international,yourtravelbiz.com, The Company or whatever YTB
is now calling themselves these day and are hoping that the effectiveness of YTB, Yourtravelbiz.com, YTB International or whatever they are calling themselves these day "Bill of Rights" will hold TRUE.
In a statement prepared by King & Spalding, Atlanta, GA office; attachments
Christopher S. Prince, Counsel to YTB Founders, J. Lloyd “Coach” Tomer, Scott Tomer, Kim Sorenson, John Clagg and Andy Cauthen Mr. Williams and Mr. Iverson are denouncing their Directorships with yourtravelbiz.com effective immediately as issued from their attorney the statement reads as the following:
other sources: MLMs and Travel.
For more information contact:
Daryl D. Alex
Regional Executive
Traverus Travel/Televerus Cell Phones
225-590-7700
1-800-781-3254
1-877-744-3431
It appears that Floyd J. Williams and Spencer W. Iverson, JD a pair of yourtravelbiz.com TOP money earners and YTB's Circle of Champion Members are now calling it quits with YTB international,yourtravelbiz.com, The Company or whatever YTB
is now calling themselves these day and are hoping that the effectiveness of YTB, Yourtravelbiz.com, YTB International or whatever they are calling themselves these day "Bill of Rights" will hold TRUE.
In a statement prepared by King & Spalding, Atlanta, GA office; attachments
Christopher S. Prince, Counsel to YTB Founders, J. Lloyd “Coach” Tomer, Scott Tomer, Kim Sorenson, John Clagg and Andy Cauthen Mr. Williams and Mr. Iverson are denouncing their Directorships with yourtravelbiz.com effective immediately as issued from their attorney the statement reads as the following:
To: J. Lloyd “Coach” Tomer, Scott Tomer, Kim Sorenson, John Clagg and Andy Cauthen
From: Floyd J. Williams and Spencer W. Iverson, JD
Re: Termination of Directorship
August 14th, 2009
Coach, Scott and Kim,
Over the past few weeks, we have had to make probably one of the most difficult decisions of our professional lives. Effective as of Friday, August 14th, 2009, we, Floyd J. Williams and Spencer W. Iverson tender the termination of our Directorship in YTB International.
It really would serve no constructive purpose to enumerate the myriad of reasons why we have been forced to come to this decision after much prayer, conversations with our families and consultation. Our time spent with you, the founders of YTB, the incredible relationships that we have developed and maintain with the home office staff and the professional bond we have created with our former fellow Directors will never be forgotten. We thank you for an incredible experience.
We have proudly built one of the strongest, award-winning organizations in the company’s history and helped to cultivate many outstanding leaders. We have served as proud ambassadors for YTB both domestically and abroad. It is not our intention, in anyway, to disparage or speak ill of YTB’s founders and staff during or following our departure. It is not our intention to cause economic harm to a company that has so enlightened and enriched our lives. We trust that the same respect is reciprocated as we move on to other opportunities.
Pursuant to the Preamble of the YTB Bill of Rights which concludes;
“...YourTravelBiz.com, shall keep the promise to its Independent Marketing Representative of uninterrupted residual commissions.”
we trust that this is honored. The Bill of Rights further provides:
4. So long as they are commission qualified pursuant to the YourTravelBiz.com Compensation Plan, present and future Independent Marketing Representatives of YourTravelBiz.com shall be deemed to have fully and unconditionally earned all residual commissions upon the monthly revenues paid by RTAs established by themselves and by Independent Marketing Representatives in their commissionable downline, subject only to future monthly payments being made by the RTAs commissionable to them.
5. No present or future Independent Marketing Representative of YourTravelBiz.com may be divested of the foregoing right to receive residual commissions except upon the voluntary termination of their Independent Marketing Representative status, or their involuntary termination as a Independent Marketing Representative for cause and pursuant to the procedures of YourTravelBiz.com in connection with the involuntary termination of Independent Marketing Representative status for cause.
Thus, we are only terminating our positions as Directors and will maintain our IMR status. We are proud of the professional and ethical manner in which we have built our respective organizations and are confident that we have not “divested” ourselves of our rights to continue to receive our residual commissions. Further, we will not
personally sponsor anyone that we did not personally recruit into YTB. We again reiterate that it is our intention to maintain our status as TSO’s, paying our $49.95 monthly fee(s) for each of our currently active and existing sites.
Further, pursuant to the Preamble of the First Amendment of the of Bill of Rights which states in part:
WHEREAS, YourTravelBiz.com, Inc. is desirous of extending the protection of the Bill of Rights to include PowerTeam and Dream Team commissions, 50% commission match, bonuses and overrides pursuant to the YourTravelBiz.com Independent Marketing Representative Compensation Plan as published and in effect as of August 1, 2007.
And further provides;
4. So as long as they are commission qualified pursuant to the YourTravelBiz.com Compensation Plan, present and future Reps of YourTravelBiz.com shall be deemed to have fully and unconditionally earned PowerTeam and Dream Team commissions, 50% commission match, bonuses and overrides on the enrollment of new referring travel agents (RTAS) by them and Reps in their PowerTeam and Dream Team commissionable PowerTeam and Dream Team downlines, subject only to future RTA initial license purchases being made by RTAs.
5. No present or future Rep of YourTravelBiz.com may be divested of the foregoing right to receive PowerTeam and Dream Team commissions, 50% commission match, bonuses and overrides except upon the voluntary termination of their Rep status, or their involuntary termination as an Independent Marketing Representative for cause and pursuant to the procedures of YourTravelBiz.com in connection with the involuntary termination of an Rep status for cause.
Thus, we also anticipate the honoring of this First Amendment and the protections to “PowerTeam and Dream Team commissions, 50% commission match, bonuses and overrides...” it affords us by YTB and that no involuntary manipulation of our respective downlines, including, but not limited to, the removal, adjustment, transfer or placement of REPs, Associates, TSOs and/or RTAs into other organizations in our
uplines, downlines or other organizations not in our hierarchy.
We leave YTB with no fiscal indebtedness, only a debt of gratitude for the opportunity to further develop as leaders. We hope that YTB does, in fact, reach its goal of creating 10,000 millionaires
and becomes a major force in the marketplace for internet travel sales and retail distribution.
Again, thank you for the lasting memories and the journey to success.
Sincerely,
Floyd J. Williams
Spencer W. Iverson, JD
cc: King & Spalding, Atlanta, GA office; attachments
Christopher S. Prince, Counsel
other sources: MLMs and Travel.
For more information contact:
Daryl D. Alex
Regional Executive
Traverus Travel/Televerus Cell Phones
225-590-7700
1-800-781-3254
1-877-744-3431
Wednesday, May 20, 2009
YTB's Survival questioned after a net loss of $1.9 million
YTB International reported a net loss from operations for the first quarter of 2009 of $1.9 million. In its first-quarter report to the Securities and Exchange Commission (SEC), YTB said that negative current economic conditions and other factors have led to a fall off in the number of active Travel Site Owners (TSOs) in YTB. Net revenues totaled $21.8 million in the first quarter of 2009 compared to $42.7 million in the first quarter of 2008.
YTB said the number of active TSOs has declined during the quarter ending March 31 by a net loss of 18,582 to 73,801 active TSOs from the 92,383 reported as of December 31, 2008. TSOs were formerly known as Referring Travel Agents (RTAs), most of whom work from their homes.
“The Company is also defending against two cases challenging the legality of its network marketing program," YTB said in its report to the SEC. "Litigation claims can be expensive and time consuming to bring and defend against and could result in settlements or damages that could significantly affect financial results.
“The Company’s loss from operations, declining active TSO count, working capital deficiency, uncertainties surrounding the Company’s pending litigation, and the general downturn in the economy raise substantial doubt about the Company’s ability to continue as a going concern,” the report continued.
YTB said it had taken action to ensure that the company will survive, including a consultant to provide recommendations to the Board on cost structure, compliance and other matters to improve overall profitability.
For more information contact:
Daryl D. Alex
Regional Executive
Traverus Travel/ Televerus Cell Phones
1-800-781-3254
1-877-744-3431
225-590-7700
YTB said the number of active TSOs has declined during the quarter ending March 31 by a net loss of 18,582 to 73,801 active TSOs from the 92,383 reported as of December 31, 2008. TSOs were formerly known as Referring Travel Agents (RTAs), most of whom work from their homes.
“The Company is also defending against two cases challenging the legality of its network marketing program," YTB said in its report to the SEC. "Litigation claims can be expensive and time consuming to bring and defend against and could result in settlements or damages that could significantly affect financial results.
“The Company’s loss from operations, declining active TSO count, working capital deficiency, uncertainties surrounding the Company’s pending litigation, and the general downturn in the economy raise substantial doubt about the Company’s ability to continue as a going concern,” the report continued.
YTB said it had taken action to ensure that the company will survive, including a consultant to provide recommendations to the Board on cost structure, compliance and other matters to improve overall profitability.
For more information contact:
Daryl D. Alex
Regional Executive
Traverus Travel/ Televerus Cell Phones
1-800-781-3254
1-877-744-3431
225-590-7700
Sunday, May 17, 2009
$1 MILLION Fine handed out to YTB
YTB Travel News: As reported by Elizabet Donald:WOOD RIVER -- Illinois has filed a lawsuit against the YourTravelBiz company and California has leveled a $1 million fine against it.
The company and its officers face litigation from Illinois Attorney General Lisa Madigan, according to spokesman Natalie Bauer.
Jonathan Quinn, an attorney for YourTravelBiz, said the company does not have a comment at this time on the Illinois complaint. "We have not been formally served, and when we are we will review the complaint and be in a position to comment," he said.
According to the Illinois complaint filed against YTB on Thursday, the company charged its clients a $450 initial fee plus $50 a month to purchase a travel Web site. The suit alleges that the company misled their clients as to the commissions they received, that advertising showed there was no cost to join. Calling it a pyramid scheme, the complaint alleges that the real money came from referring others to join YTB instead of the travel sales themselves.
According to the suit, the average representative earned about $114 a year, while executives made millions. Madigan alleges that the company violated the Consumer Fraud Act and Uniform Deceptive Trade Practices Act.
This comes after California's lawsuit against the company was settled for a $1 million fine on Thursday.
Also, the company faces a federal class-action lawsuit from former customers.
The class-action suit, filed last year on behalf of more than 1,000 people who participated in the YTB system, seeks more than $100 million in damages.
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
The company and its officers face litigation from Illinois Attorney General Lisa Madigan, according to spokesman Natalie Bauer.
Jonathan Quinn, an attorney for YourTravelBiz, said the company does not have a comment at this time on the Illinois complaint. "We have not been formally served, and when we are we will review the complaint and be in a position to comment," he said.
According to the Illinois complaint filed against YTB on Thursday, the company charged its clients a $450 initial fee plus $50 a month to purchase a travel Web site. The suit alleges that the company misled their clients as to the commissions they received, that advertising showed there was no cost to join. Calling it a pyramid scheme, the complaint alleges that the real money came from referring others to join YTB instead of the travel sales themselves.
According to the suit, the average representative earned about $114 a year, while executives made millions. Madigan alleges that the company violated the Consumer Fraud Act and Uniform Deceptive Trade Practices Act.
This comes after California's lawsuit against the company was settled for a $1 million fine on Thursday.
Also, the company faces a federal class-action lawsuit from former customers.
The class-action suit, filed last year on behalf of more than 1,000 people who participated in the YTB system, seeks more than $100 million in damages.
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
Saturday, January 31, 2009
YTB starts the year off on the WRONG foot again
YTBTRAVELNEWS(press release): It has come to my attention that YTB Travel Inc.,"The Company", Yourtravelbiz.com or whatever entity that this travel company goes by these day has ones again been drop by another cruise line vendor that makes it what.... it's third(Royal Caribbean, Celebrity and Azamara ) one in the past few years.
Happy New Years YTB Travel Inc. However, your services are know longer needed. It has been reported that Norwegian Cruise Line or NCL has made an EDUCATED DECISION to cut it's ties with YTB Travel Company Inc.,"The Company" or Yourtravelbiz.com.
For More Information Contact:
Daryl D. Alex
Regional Executive
Traverus Travel and TeleVerus Cell Phones
1.877.744.3431
225.590.7700
Happy New Years YTB Travel Inc. However, your services are know longer needed. It has been reported that Norwegian Cruise Line or NCL has made an EDUCATED DECISION to cut it's ties with YTB Travel Company Inc.,"The Company" or Yourtravelbiz.com.
For More Information Contact:
Daryl D. Alex
Regional Executive
Traverus Travel and TeleVerus Cell Phones
1.877.744.3431
225.590.7700
Wednesday, November 26, 2008
YTB Travel International Inc. the Joke of Craigslist
YTBTRAVELNEWS(press release): It has been brought to my attention by a close friend
that YTB Travel International Inc. has become the joke of Craigslist. And are quickly showing that YTB Travel International Inc. isn't as RECESSION PROOF as Coach and the GANG would like to have everyone thinking they are Then "IF" this the case "WHY" are there ads being posted like the following one found by MLMs and Travel.
For More Information Contact:
Daryl D. Alex
Regional Executive
TraVerus Travel
1.877.744.3431
225.590.7700
that YTB Travel International Inc. has become the joke of Craigslist. And are quickly showing that YTB Travel International Inc. isn't as RECESSION PROOF as Coach and the GANG would like to have everyone thinking they are Then "IF" this the case "WHY" are there ads being posted like the following one found by MLMs and Travel.
11/21/2008
Travel Domain Name and YTB 2008 Success Magazines
Are you in the Travel Business or with YTB and need a domain name? We would like to sell our name www.TravelersHope.com to you if you are interested. Please contact us and we can get you more specifics and talk price.We also have 20 YTB 2008 Success Magazines if you could use these for your YTB business. I am willing to sell them for $75 or obo. These would be for pick-up and cash only.
Thanks!
Oh oh. Seems that YTB is not too recession proof in Denver if they are selling the domain and magazines for $75 or best offer.
10/29/2008
YTB Marketing Materials For Sale (KC, MO)
Hello, I have many YTB Marketing Materials that I would like to sell for less than I paid. I hate to throw them away when someone else could use them. You must be able to pick them up. The list is below, make offer, will not separate must take them all.
YTB INVENTORY
Quantity Items
123 Magazines
6 Leaders Bulletin-Vol 1 No 1
23 Leaders Bulletin-Vol 1 No 3
49 Leaders Bulletin-Vol 1 No 4
49 Leaders Bulletin-Vol 1 No 5
24 Leaders Bulletin-Vol 1 No 7
19 Coach's Playbook
56 8x10 YTB International Turning Fun into Fortune Brochure
50 What's Missing From This Picture Brochure
50 American Destinations Brochure
49 The Ticket to Your Future Brochure
123 Grand Opening Postcards
Your Travel Biz Guarantees Brochure
15 8x10 Signs
100 Free Travel Vouchers to give away
Total Cost $770.01
Thanks for looking and good luck with YTB.
Ouch, seems Kansas City also did not get the email from Coach about how recession proof the business is. And this looks like someone that was serious about the business. Look at that inventory list. And in case the person who placed the ad is reading, I am sure for your $770.01 Coach will send you a nice Christmas card.
10/22/2008
YTB Success Home Magazines, DVD, travel vouchers & more for sale
hi I have all this stuff from YTB for sale or trade ( ipod touch 8GB for my son)
* (14) 2007 YTB Success from Home magazines 12 with dvd
* (5) Coach’s Playbook DVD’s.
* (5) Circle of Champions DVD.
* (118) What missing from this picture ? YOU .
* ( 10) Travel vouchers.
*(199) Your travel biz the ticket to your future
RETAIL VALUE: $234.90
(not including shipping). if you have any question please let me know ,thanks
Orlando too? This cannot be. Coach and Scott promised it was recession proof! What the hell is going on here?
11/15/2008
YTB Success from Home magazines with CD
i have 24 copies of the January 2007 issue of Success from Home featuring YTB. These magazines come with the CD-Rom for this travel business. Those of you in the industry know about this. These are FREE. If they are not picked up within a week, they are going to the recycle trash. Serious inquiries can call me at 727-742-2119.
p.s. if i know you are coming, i can put them out under the covered front porch overhang, so there is no need to set up special times.
It's no better in Tampa. But I am not so sure how valuable a two year old magazine is? But apparently the advertiser knows, they are intending to toss them in the trash. What is a "serious inquiry" about something you are planning on tossing away? I believe that Coach would not be happy!
10/28/2008
YTB Success From Home Magazines - $50
We are selling 28 YTB(Your Travel Biz) Success From Home Magazines. They are the 2007 Edition. 25 have never been used, 3 are in ok condition. We are selling them for 1/2 the price of what you will pay on the YTB website (for 25 Magazines).
On the YTB Website (25 magazines) ~ $99 + $17 S&H
We are selling them for $50!
Denver again. Boy Coach needs to send out more of those Recession Proof CDs. There are entirely too many RTAs and Reps that are unaware of this new unique to YTB program. This guy is even trying to sell his "slightly used" 2-year old YTB Magazines. And we are not even going to address in how they were used--you can use your imagination.
For More Information Contact:
Daryl D. Alex
Regional Executive
TraVerus Travel
1.877.744.3431
225.590.7700
Monday, November 17, 2008
YTB sells administrative offices?
YTB Travel News: Sources states that YTB Travel International is selling their admininstrative offices. Somehow I knew that it wouldn't be long before this would be happening after the lay off of their adminstrative staff a few months ago. And just like than YTB Travel continues to say that there's nothing wrong. Here is information that has be noted on MLM'S And Travel site that has made this fact known to all.
For More Information Contact:
Daryl D. Alex
Regional Executive
Traverus Travel and TeleVerus Cell Phones
225-590-7700
1-877-744-3431
We need to wait a few more days for the YTB Travel International or yourtravelbiz.com 10-Q filing, but it appears that they need to raise some cash. According to this 8-K filing, YTB is selling its property at 1 Country Club View in Edwardsville, IL. The property is being sold to Prestige Management Services, LLC for $1.5 million. This is the same property that YTB Travel International acquired a little more than a year ago, and according to this 8-K filing paid $1.85 million for..
The current sale is not only for the building and land, but also "All office equipment to remain with building to include: Cubicles, Chairs, Desk, Tables, Break Room Equipment. Sellers may leave or take Phone system." Computers and Computer Systems are excluded. Further, the buyer has taken an option to purchase 600 Country Club View at any time within 12 months of the closing of this sale.
This means that YTB Travel International is losing $350,000 on the sale, plus the cost of the equipment and furniture, plus the costs of acquisition and sale.
Why would they be doing this? The obvious speculation is that "The Company" is bleeding financially, and needs to raise cash
For More Information Contact:
Daryl D. Alex
Regional Executive
Traverus Travel and TeleVerus Cell Phones
225-590-7700
1-877-744-3431
Saturday, October 25, 2008
YTB Travel International changes "RTA" Commissions
YTB Travel News: (press release) EXTRA!!! EXTRA!! read all about it YTB Travel International announces that YTB Travel International agents will now receive 70% as it has eliminated the 10% override bonus!!!!
However, YTB Travel International fail to inform their Travel agents or should I say RTA's about all the hoops that they will have to jump through. Let us take a look at these HOOPS.
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
However, YTB Travel International fail to inform their Travel agents or should I say RTA's about all the hoops that they will have to jump through. Let us take a look at these HOOPS.
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
Friday, October 17, 2008
Types of pyramid schemes AND how YTB uses it
A pyramid scheme is a means of transferring money from duped investors at the bottom of a pyramid to those at the top, who initiate the recruitment of an endless chain or pyramid of participants. Pyramid promoters promise substantial income to those who “work the system,” but it is considered by law enforcement in most jurisdictions in the U.S. to be an unfair and deceptive practice because of the mathematical certainty that approximately 90% or more will always be in a losing position at the bottom – whether it collapses on its own, is shut down by authorities, evolves into another program, or moves on to another area.
While it is true that in most legitimate businesses, entrepreneurs lose money or eventually quit the business, the odds of failure are not guaranteed. Success is dependent on market forces and skill and the amount of time, money, and effort invested in the enterprise. However, in an illegal pyramid scheme, the more one invests in the enterprise, the more one loses – with the notable exception of those at the top of the pyramid, which are usually the first ones who entered into a given market. Success is dependent on time of entry and/or on willingness to aggressively recruit and deceive a downline of participants into believing the program is a legitimate enterprise.
Pyramid schemes come in many forms and with many disguises, including:
1. NAKED, NO-PRODUCT PYRAMID SCHEMES
Participants buy into the scheme and move up four or five levels towards the top by recruiting others, who must do the same. The top person pockets all the money and then the next ones in line move up. The originator may move on to start another pyramid. Since no products are offered, these are easy to detect and are often shut down rather quickly by authorities. Losses are usually no more than a few hundred or a few thousand dollars and aggregate harm is minimal, so they seldom attract much attention by law enforcement or by the media. Included in this category are pyramid games, such as the “airplane game,” or pyramid parties, such as the “dinner party,” etc.
2. GIFTING OR AFFINITY SCHEMES
These are essentially no-product pyramid schemes, but they are disguised as gifts given voluntarily in order to enter the pyramid. Promoters claim they are empowering women or churches or some other group of people striving to gain financial advantage. They do not fool most officials in law enforcement, and the media and the public often unite to support law enforcement in shutting them down. They have been successful in some states for brief periods of time, but seldom gain wide support. Aggregate losses to society are minimal.
3. REPORT CHAINS AND OTHER INEXPENSIVE PYRAMID SCHEMES PROMOTED OVER THE INTERNET
These involve spamming the Internet with offers to participate in an endless chain of useful “reports,” which are usually readily available information that has been photocopied and added to the chain, much like a chain letter. The cost to participate is very small – usually under $20. While they are hard to control in a medium as unregulated as the Internet, actual financial losses are almost trivial. The real harm is their tendency to hog valuable computer space and time. Internet matrices are also pyramid schemes that cause more irritation to serious web surfers than actual financial harm to participants.
4. PRODUCT-BASED PYRAMID SCHEMES
These are the pyramid schemes of choice for at least 90% of promoters of schemes designed to enrich a few at the expense of a multitude of downline investors. Recruits are deceived into buying “potions and lotions” with claims of magical properties and powers – and promises of huge income for sharing these dandy items with friends and neighbors. Promoters exploit the dreams and social capital of participants, who almost never file complaints with authorities when they come up empty – which happens to approximately 99.9% of them. Because participants don’t complain (for reasons I will explain another time), law enforcement seldom does anything to contain them. These programs go by such terms as “multi-level marketing” (MLM), “network marketing,” “consumer direct marketing,” etc.
Product-based pyramid schemes recruit aggressively until de facto saturation makes recruiting difficult in a given market, moving on to other markets or starting new “divisions,” thus maintaining themselves in a continuously revolving door of new recruits, each of whom buys or subscribes to products to get in on this “ground floor opportunity.” In order to succeed, one must first be deceived, then maintain a high level of deception, and finally go about aggressively deceiving others.
Aggregate losses to society from product-based pyramid schemes total tens of billions of dollars every year and affect millions of victims world-wide. Approximately 99.9% of participants lose money – far higher than for no-product pyramid schemes. Most recruits participate on a modest scale, buying a few products and then quitting. Harm to more serious participants ranges from a few hundred dollars to loss of one’s life savings, career, or worse – breakup of families, even depression and/or suicide. The ones who get hurt the most are individuals who most enthusiastically embrace the promises and deceptions of the promoters and put their savings, credit, and whole heart and soul into this bogus “business opportunity of a lifetime.” If you had read the thousands of letters we have received from victims world-wide, you would not see MLM as a harmless home business – and certainly not a profitable one.
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
While it is true that in most legitimate businesses, entrepreneurs lose money or eventually quit the business, the odds of failure are not guaranteed. Success is dependent on market forces and skill and the amount of time, money, and effort invested in the enterprise. However, in an illegal pyramid scheme, the more one invests in the enterprise, the more one loses – with the notable exception of those at the top of the pyramid, which are usually the first ones who entered into a given market. Success is dependent on time of entry and/or on willingness to aggressively recruit and deceive a downline of participants into believing the program is a legitimate enterprise.
Pyramid schemes come in many forms and with many disguises, including:
1. NAKED, NO-PRODUCT PYRAMID SCHEMES
Participants buy into the scheme and move up four or five levels towards the top by recruiting others, who must do the same. The top person pockets all the money and then the next ones in line move up. The originator may move on to start another pyramid. Since no products are offered, these are easy to detect and are often shut down rather quickly by authorities. Losses are usually no more than a few hundred or a few thousand dollars and aggregate harm is minimal, so they seldom attract much attention by law enforcement or by the media. Included in this category are pyramid games, such as the “airplane game,” or pyramid parties, such as the “dinner party,” etc.
2. GIFTING OR AFFINITY SCHEMES
These are essentially no-product pyramid schemes, but they are disguised as gifts given voluntarily in order to enter the pyramid. Promoters claim they are empowering women or churches or some other group of people striving to gain financial advantage. They do not fool most officials in law enforcement, and the media and the public often unite to support law enforcement in shutting them down. They have been successful in some states for brief periods of time, but seldom gain wide support. Aggregate losses to society are minimal.
3. REPORT CHAINS AND OTHER INEXPENSIVE PYRAMID SCHEMES PROMOTED OVER THE INTERNET
These involve spamming the Internet with offers to participate in an endless chain of useful “reports,” which are usually readily available information that has been photocopied and added to the chain, much like a chain letter. The cost to participate is very small – usually under $20. While they are hard to control in a medium as unregulated as the Internet, actual financial losses are almost trivial. The real harm is their tendency to hog valuable computer space and time. Internet matrices are also pyramid schemes that cause more irritation to serious web surfers than actual financial harm to participants.
4. PRODUCT-BASED PYRAMID SCHEMES
These are the pyramid schemes of choice for at least 90% of promoters of schemes designed to enrich a few at the expense of a multitude of downline investors. Recruits are deceived into buying “potions and lotions” with claims of magical properties and powers – and promises of huge income for sharing these dandy items with friends and neighbors. Promoters exploit the dreams and social capital of participants, who almost never file complaints with authorities when they come up empty – which happens to approximately 99.9% of them. Because participants don’t complain (for reasons I will explain another time), law enforcement seldom does anything to contain them. These programs go by such terms as “multi-level marketing” (MLM), “network marketing,” “consumer direct marketing,” etc.
Product-based pyramid schemes recruit aggressively until de facto saturation makes recruiting difficult in a given market, moving on to other markets or starting new “divisions,” thus maintaining themselves in a continuously revolving door of new recruits, each of whom buys or subscribes to products to get in on this “ground floor opportunity.” In order to succeed, one must first be deceived, then maintain a high level of deception, and finally go about aggressively deceiving others.
Aggregate losses to society from product-based pyramid schemes total tens of billions of dollars every year and affect millions of victims world-wide. Approximately 99.9% of participants lose money – far higher than for no-product pyramid schemes. Most recruits participate on a modest scale, buying a few products and then quitting. Harm to more serious participants ranges from a few hundred dollars to loss of one’s life savings, career, or worse – breakup of families, even depression and/or suicide. The ones who get hurt the most are individuals who most enthusiastically embrace the promises and deceptions of the promoters and put their savings, credit, and whole heart and soul into this bogus “business opportunity of a lifetime.” If you had read the thousands of letters we have received from victims world-wide, you would not see MLM as a harmless home business – and certainly not a profitable one.
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
Thursday, October 9, 2008
Member of Senate has tries to YTB Travel International Inc.
YTB Travel News:(press release) In an Exclusive WINK News investigation has uncovered that Burt Saunders a Florida State Senator , who is currently running for U.S. Congress has been paid in the past by "the company" (yourtravelbiz.com) to be its director and has received money as a consultant for "the company". Financial documents show that he had received $16,000 dollars in 2007 from the company, no word yet on whether or not he has been paid for any services this year.
Currently YTB Travel International Inc. is facing two class action suits each asking for over $100 million dollars, with California asking for restitution for victims in that state. California’s Attorney General even went so far as to call YTB Travel International Inc. a pyramid scheme.
In this day and age, when each and every politician’s life are being looked into so deeply, this could have serious repercussions for Saunders if YTB Travel International Inc. is found to have operated an illegal pyramid scheme. I would not be surprised if Saunders is the next in line to step down from the board at YTB Travel International Inc. (yourtravelbiz.com)
For Information Contact:
Daryl D. Alex
Regional Executive
Traverus Travel and TeleVerus Cell Phones
1.800.781.3254
1.877.744.3431
225.590.7700
Currently YTB Travel International Inc. is facing two class action suits each asking for over $100 million dollars, with California asking for restitution for victims in that state. California’s Attorney General even went so far as to call YTB Travel International Inc. a pyramid scheme.
In this day and age, when each and every politician’s life are being looked into so deeply, this could have serious repercussions for Saunders if YTB Travel International Inc. is found to have operated an illegal pyramid scheme. I would not be surprised if Saunders is the next in line to step down from the board at YTB Travel International Inc. (yourtravelbiz.com)
For Information Contact:
Daryl D. Alex
Regional Executive
Traverus Travel and TeleVerus Cell Phones
1.800.781.3254
1.877.744.3431
225.590.7700
Saturday, October 4, 2008
YTB Travel International sell 4 million in stock???
YTB Travel News: (Press Release) YTB Travel dumps 4 million dollars worth of stock this time. As first reported by Notravelmlms site.
Does this represent the beginning of the end? I guess that time will tell
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
Michael Brent, who is a 10%+ owner of YTB Travel International, Inc. or yourtravelbiz.com or "the Company" has apparently seen the writing on the wall and is looking to sell up to 4 million shares of YTB Travel International, Inc.
On September 30, 2008, Michael Brent and Beth Brent entered into a Rule 10b5-1 Sales Plan ("Sales Plan") to be administered by Gilford Securities, Incorporated. Michael Brent is a ten percent shareholder of YTB International, Inc.(the "Company") and is the Chief Executive Officer of REZconnect Technologies, Inc., a wholly owned subsidiary of the Company.
During the one year term of the Sales Plan, the Sales Plan provides that Gilford Securities, Incorporated will sell under Rule 144 up to a maximum of four million shares of Class A Common Stock of the Company held by Mr. and Mrs. Brent, subject to the price and volume restrictions stated in the Sales Plan.
However, according to this Rule 10b5-1 of the SEC, people that are privy to non public insider information are prohibited from selling stock. This should prove to be a problem for Cauthen, Clagg, Scott Tomer, Coach Tomer and Kim Sorensen as they all have sold securities when the California Attorney General Investigation was ongoing and not disclosed. This will also be yet another problem for Brent, based solely on "if" that information was disclosed to him as well.
Nevertheless, there is a way out when someone is looking to minimize the risk. Especially, "if" a trustee handles the sales of securities at a predetermined schedule or per a predetermined Canaccord-Adams' formula. You can read about the details of the plan here.
Now, according to Canaccord-Adams:
A large number of corporate executives are using 10b5-1 plans to turn their risks into rewards with respect to trading company stock. Rule 10b5-1 plans allow corporate insiders to preclude trading liability and more easily access their personal wealth held in stock.
It seems that Michael Brent who by the way has already sold over a million shares in the last year, should be a little concerned that because of what he knows as an insider, he may be guilty of violating insider trading rules. Moreover, he must feel that selling YTB Travel ie the company, yourtravelbiz.com stock is a personal risk.
Does this represent the beginning of the end? I guess that time will tell
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
Wednesday, October 1, 2008
YTB Travel International Inc. Travel Agency or Travel SCAM ?
YTB Travel International Inc. problems have widened the gap between the learning and earning curves of becoming a REAL certified travel agent alone with the learning and earning to become a REAL marketeer. YTB Travel International Inc. has some success at marketing travel But, at the expense of it's very own YTB Travel International agents and other associates, who are frustrated with YTB Travel International Inc. attractive opportunity, but, YTB Travel International Inc. unrealistic goals.
There's something very wrong and the growing list of YTB Travel International Inc. problems has caught the attention of not only The Attorney General of California but, also that of IATA. YTB Travel International Inc. complaints has made The Travel industry punch drunkend, And has many people who are seeking their fortune to enhance the quality of their life with the aide of this lucrative Travel Industry have been left asking questions as to how or will they ever get a head with YTB Travel International.
As a result of the many YTB travel International Inc. lawsuits, it appears that the travel industry may have to take a different approach or at least the suppliers and vendors of travel will have to. YTB Travel International Inc. problems are just the beginning. YTB Travel International Inc. illegal marketed marketeers. YTB Travel International Inc. lawsuits have now convinced the suppliers and vendors to cancel its ties. YTB Travel International Inc. has been revoked from IATA.
Avoid the circus of YTB Travel International Inc. problems and learn to become a REAL Travel Agent, get paid to help others learn about becoming travel agents and earn high commissions and residual income as well.
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
Traverus Travel Update and TeleVerus Cell Phones
There's something very wrong and the growing list of YTB Travel International Inc. problems has caught the attention of not only The Attorney General of California but, also that of IATA. YTB Travel International Inc. complaints has made The Travel industry punch drunkend, And has many people who are seeking their fortune to enhance the quality of their life with the aide of this lucrative Travel Industry have been left asking questions as to how or will they ever get a head with YTB Travel International.
As a result of the many YTB travel International Inc. lawsuits, it appears that the travel industry may have to take a different approach or at least the suppliers and vendors of travel will have to. YTB Travel International Inc. problems are just the beginning. YTB Travel International Inc. illegal marketed marketeers. YTB Travel International Inc. lawsuits have now convinced the suppliers and vendors to cancel its ties. YTB Travel International Inc. has been revoked from IATA.
Avoid the circus of YTB Travel International Inc. problems and learn to become a REAL Travel Agent, get paid to help others learn about becoming travel agents and earn high commissions and residual income as well.
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
Traverus Travel Update and TeleVerus Cell Phones
Saturday, September 27, 2008
YTB Travel Cerification now called "First Class"?
YTB Travel News(press Release):
NEWS FLASH: YTB Travel International travel agent's Certification no longer Called YTB Travel International RTA Certification-Now YTB Travel International is now calling it "First Class" get REAL!!!
However, after a closer look at the dates and location, you will notice on the second pages, that it is still without question, is called YTB Travel International RTA Certification and you guessed right, there is still a monetary fee involved to attend. So, is YTB Travel International trying to hide it's tracks by calling the YTB Travel International RTA Ceritfication...."First Class". Or is this another attempt for YTB Travel International to raise much needed CASH as membership drops and needs CASH to pay operating expenses, and pending lawsuits.
For More Information Contact:
Daryl D. Alex
Regional Executive
Traverus Travel
1.877.744.3431
225.590.7700
"FIRST CLASS"
NEWS FLASH: YTB Travel International travel agent's Certification no longer Called YTB Travel International RTA Certification-Now YTB Travel International is now calling it "First Class" get REAL!!!
Here is an excerpt from a recently released announcement from YTB Travel International Inc. Headquarters
THERE'S STILL TIME TO SIGN UP FOR YOUR"FIRST CLASS"THIS WEEKEND
YTB Travel International's
First Class -the "First Class" an RTA should take after joining YTB Travel International! Field leaders share the knowledge and experience they have gained on their way to outstanding YTB Travel International success.
The First Class presentation, taught by YTB Travel International Directors, teaches you how to maximize your YTB travel biz and marketingwebsites and provides you with the foundation you need to take your business to the next level.
The education and motivation you will receive from your"first" First Class are priceless!
Check out these First Class locations for this weekend -Friday - Saturday - Sunday
Don't Miss This Valuable Training!Sign up now from your Back Office by clicking on the Company Events link on the left.
However, after a closer look at the dates and location, you will notice on the second pages, that it is still without question, is called YTB Travel International RTA Certification and you guessed right, there is still a monetary fee involved to attend. So, is YTB Travel International trying to hide it's tracks by calling the YTB Travel International RTA Ceritfication...."First Class". Or is this another attempt for YTB Travel International to raise much needed CASH as membership drops and needs CASH to pay operating expenses, and pending lawsuits.
For More Information Contact:
Daryl D. Alex
Regional Executive
Traverus Travel
1.877.744.3431
225.590.7700
"FIRST CLASS"
Friday, September 19, 2008
YTB Travel International, Inc. stock downgraded by the street.com
YTB Travel News(press release):
Each business day, TheStreet.com Ratings updates its ratings on the stocks it covers. The proprietary ratings model projects a
stock's total return potential over a 12-month period, including both price appreciation and dividends. Buy, hold or sell ratings
designate how the Ratings group expects these stocks to perform against a general benchmark of the equities market and
interest rates.
While the ratings model is quantitative, it uses both subjective and objective elements. For instance, subjective elements include
expected equities market returns, future interest rates, implied industry outlook and company earnings forecasts. Objective
elements include volatility of past operating revenue, financial strength and company cash flows.
However, the rating does not incorporate all of the factors that can alter a stock's performance. For example, it doesn't always
factor in recent corporate or industry events that could affect the stock price, nor does it include recent technology developments
and competitive dynamics that may affect the company.
For those reasons, we believe a rating alone cannot tell the whole story, and that it should be part of an investor's overall
research.
Ticker Company Name Change New Rating Former Rating
BAM BROOKFIELD ASSET MANAGEMENT Downgrade Hold Buy
CHEV CHEVIOT FINANCIAL CORP Upgrade Hold Sell
COBT C2 GLOBAL TECHNOLOGIES INC Upgrade Hold Sell
DEWY DEWEY ELECTRONICS CORP Upgrade Hold Sell
FSS FEDERAL SIGNAL CORP Upgrade Buy Hold
GCI GANNETT CO Downgrade Sell Hold
HLX HELIX ENERGY SOLUTIONS GROUP Downgrade Hold Buy
HTH HILLTOP HOLDINGS INC Downgrade Sell Hold
MNRO MONRO MUFFLER BRAKE INC Upgrade Buy Hold
NPSP NPS PHARMACEUTICALS INC Upgrade Hold Sell
NWSB NORTHWEST BANCORP INC Upgrade Buy Hold
ORBC ORBCOMM INC Downgrade Sell Hold
PDGI PHARMANET DEVELOPMNT GRP INC Upgrade Hold Sell
ROCK GIBRALTAR INDUSTRIES INC Upgrade Buy Hold
SPRD SPREADTRUM COMMUNICATNS -ADR Initiated Sell
TIN TEMPLE-INLAND INC Upgrade Hold Sell
TTGT TECHTARGET INC Initiated Sell
UDRL UNION DRILLING INC Downgrade Hold Buy
UFI UNIFI INC Upgrade Hold Sell
VAL VALSPAR CORP Upgrade Buy Hold
WPL STEWART (W P) & CO LTD Downgrade Sell Hold
WSFS WSFS FINANCIAL CORP Upgrade Buy Hold
WYNN WYNN RESORTS LTD Upgrade Buy Hold
YTBLA YTB INTERNATIONAL INC Downgrade Sell Hold
For More Information Contact:
Daryl D. Alex
Regional Executive
Traverus Travel and TeleVerus Cell Phones
1.877.744.3431
225.590.7700
Each business day, TheStreet.com Ratings updates its ratings on the stocks it covers. The proprietary ratings model projects a
stock's total return potential over a 12-month period, including both price appreciation and dividends. Buy, hold or sell ratings
designate how the Ratings group expects these stocks to perform against a general benchmark of the equities market and
interest rates.
While the ratings model is quantitative, it uses both subjective and objective elements. For instance, subjective elements include
expected equities market returns, future interest rates, implied industry outlook and company earnings forecasts. Objective
elements include volatility of past operating revenue, financial strength and company cash flows.
However, the rating does not incorporate all of the factors that can alter a stock's performance. For example, it doesn't always
factor in recent corporate or industry events that could affect the stock price, nor does it include recent technology developments
and competitive dynamics that may affect the company.
For those reasons, we believe a rating alone cannot tell the whole story, and that it should be part of an investor's overall
research.
Ticker Company Name Change New Rating Former Rating
BAM BROOKFIELD ASSET MANAGEMENT Downgrade Hold Buy
CHEV CHEVIOT FINANCIAL CORP Upgrade Hold Sell
COBT C2 GLOBAL TECHNOLOGIES INC Upgrade Hold Sell
DEWY DEWEY ELECTRONICS CORP Upgrade Hold Sell
FSS FEDERAL SIGNAL CORP Upgrade Buy Hold
GCI GANNETT CO Downgrade Sell Hold
HLX HELIX ENERGY SOLUTIONS GROUP Downgrade Hold Buy
HTH HILLTOP HOLDINGS INC Downgrade Sell Hold
MNRO MONRO MUFFLER BRAKE INC Upgrade Buy Hold
NPSP NPS PHARMACEUTICALS INC Upgrade Hold Sell
NWSB NORTHWEST BANCORP INC Upgrade Buy Hold
ORBC ORBCOMM INC Downgrade Sell Hold
PDGI PHARMANET DEVELOPMNT GRP INC Upgrade Hold Sell
ROCK GIBRALTAR INDUSTRIES INC Upgrade Buy Hold
SPRD SPREADTRUM COMMUNICATNS -ADR Initiated Sell
TIN TEMPLE-INLAND INC Upgrade Hold Sell
TTGT TECHTARGET INC Initiated Sell
UDRL UNION DRILLING INC Downgrade Hold Buy
UFI UNIFI INC Upgrade Hold Sell
VAL VALSPAR CORP Upgrade Buy Hold
WPL STEWART (W P) & CO LTD Downgrade Sell Hold
WSFS WSFS FINANCIAL CORP Upgrade Buy Hold
WYNN WYNN RESORTS LTD Upgrade Buy Hold
YTBLA YTB INTERNATIONAL INC Downgrade Sell Hold
For More Information Contact:
Daryl D. Alex
Regional Executive
Traverus Travel and TeleVerus Cell Phones
1.877.744.3431
225.590.7700
Saturday, September 6, 2008
YTB The Robbing Hood Of Travel
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
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
Sunday, August 31, 2008
YTB International Inc. cuts 17 positions
YTB Travel News:(press release) Just two days after YTB Travel International Inc. laid off 25 employees from it's Wood River, Ill, headquarters; YTB Travel International Inc. Has now disclosed that they are now eliminating 17 positions which was revealed to The Telegraph through a e-mail statement
YTB International Inc. cut 17 positions at its Wood River, Ill, headquarters this week, according to a published report.
"YTB International Inc. eliminated 17 positions today (Wednesday), representing less than 5 percent of our work force, as part of a reorganization to reduce operating expenses and curtail redundancies," Tony Green, assistant to Chief Executive Scott Tomer, wrote in a statement e-mailed to The Telegraph. "This move places the company in an even better position to realize its goals and effectively manage its continued growth."
A request from the Business Journal requesting comment was not immediately returned.
For More Information Contact:
Daryl D. Alex
Regional Executive
Traverus Travel and TelVerus Cell Phones
1.800.781.3254
1.877.744.3431
225.590.7700
YTB International Inc. cut 17 positions at its Wood River, Ill, headquarters this week, according to a published report.
"YTB International Inc. eliminated 17 positions today (Wednesday), representing less than 5 percent of our work force, as part of a reorganization to reduce operating expenses and curtail redundancies," Tony Green, assistant to Chief Executive Scott Tomer, wrote in a statement e-mailed to The Telegraph. "This move places the company in an even better position to realize its goals and effectively manage its continued growth."
A request from the Business Journal requesting comment was not immediately returned.
For More Information Contact:
Daryl D. Alex
Regional Executive
Traverus Travel and TelVerus Cell Phones
1.800.781.3254
1.877.744.3431
225.590.7700
Thursday, August 28, 2008
YTB Travel International Inc. Laid-off 25 employees?
YTB Travel News(Press Release): After doing a little private investigative work YTB Travel News has uncovered some very disappointing news
as reported by Cynthia Ellis of The Telegraph; YTB Travel International Inc. has began to lay-off some of it's employees from it's corporate
headquarters as of Wednesday August 27, 2008. However, the following story can
give us better insight as to "WHY" these alarming steps were taken:
In closing, YTB Travel International Inc. doesn't appear to be as recession proof as it has everyone thinking I mean to make such a bold step as this just days before YTB Travel International is to meet with a circuit judge to answer the allegations pending from The California suit, The class action lawsuit that has been filed in federal court in East St. Louis and a third in Madison County Circuit Court is a sure sign that everything isn't at all what YTB Travel International Inc.Chief Executive Officer Scott Tomer and others are confessing them to be, it's funny that I choose the word "CONFESSING"
maybe it time that YTB Travel International Inc. began to do just that "CONFESS" it's wrong doing and set their captives FREE!!!!!!!
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
as reported by Cynthia Ellis of The Telegraph; YTB Travel International Inc. has began to lay-off some of it's employees from it's corporate
headquarters as of Wednesday August 27, 2008. However, the following story can
give us better insight as to "WHY" these alarming steps were taken:
By CYNTHIA M. ELLIS
The Telegraph
WOOD RIVER - YTB International Inc. reportedly terminated the employment of 25 people from its corporate headquarters on Wednesday.
A laid-off employee, who asked to remain anonymous, said that he and two dozen others were told their positions were being eliminated due to the "current economic environment in the United States," and that the company's management "regret this necessary decision."
The man said company officials knew Tuesday that positions would be eliminated, because they scheduled meetings with the employees Wednesday to inform them about the situation.
"I was told by my manager there would be a meeting, and I had no idea what it was about," he said. "I didn't know if I had done something wrong. I was stressing all night."
The man said that ever since the California Attorney General's Office filed a lawsuit against YTB Travel International Inc. in early August that claimed the company was operating a "gigantic pyramid scheme," company officials have been telling employees that "everything is fine."
"I don't think it's fine," he said.
Legal action was taken against YourTravelBiz.com, a subsidiary of YTB International Inc., for allegedly recruiting tens of thousands of people with deceptive claims that they could earn huge sums of money through its online travel agencies.
So far, the lawsuit is the toughest one filed against the company since it started operations seven years ago. YTB Travel International Inc. runs Web sites for referring travel agents, online agencies that sell flights, cruises and vacation packages and earn a commission.
Since the filing of the California suit, a class action lawsuit has been filed in federal court in East St. Louis and a third in Madison County Circuit Court. A judge has scheduled a hearing for Sept. 2 in the circuit court case filed in Edwardsville by Terry and Teresa Braswell, in which the couple claim thatYTB Travel International Inc. Chairman J. Lloyd "Coach" Tomer "repudiated" a contract with the couple that called for them to receive about $10,000 per month.
The company has defended itself against the legal actions.
"As a matter of policy, we do not comment on pending litigation. However, we can tell you that YTB Travel International Inc. believes the allegations we've heard are without merit, and we will vigorously defend ourselves," YTB Travel International Inc. Chief Executive Officer Scott Tomer said recently in a prepared statement.
Tomer said the company is proud of its business model and how the operations are conducted in an ethical and transparent way by management. Last month, the company announced that it was contemplating the replacement of its referring travel agent business model with a franchise operating system, to start in 2009. The model, if adopted, would be similar to other franchise businesses; however, details about the plan still are in the works.
YTB Travel International Inc. officials did not respond to an e-mail sent by The Telegraph, asking questions about its layoffs or whether any legal actions have had a financial impact on the company.
During the past several years, YTB Travel International Inc. has grown significantly; last year, it was ranked 26th in a survey conducted by Travel Weekly magazine, selling $414.5 million. Reports show that nearly three-quarters of its revenue came from selling new agencies rather than from actual travel sales.
YTB Travel International Inc. employs between 300 and 350 people at its headquarters at 1901 E. Edwardsville Road, where it is spending $25 million to expand the facility it purchased more than two years ago.
Wood River Mayor Fred Ufert said he hates to see employees lose their jobs. He said the layoffs would hurt the city economically, as well.
"Some of the employees live in the city," Ufert said. "It's a bad thing for everyone. We can only hope they will get through it."
The former YTB Travel International employee said the situation is upsetting, but he has come to the conclusion that he doesn't need to be working for a company that cannot be honest with its employees. He said it is likely that more positions will be terminated.
"We could clearly see something was going but were assured everything was OK," he said. "Does it seem OK if they are letting people go?"
In closing, YTB Travel International Inc. doesn't appear to be as recession proof as it has everyone thinking I mean to make such a bold step as this just days before YTB Travel International is to meet with a circuit judge to answer the allegations pending from The California suit, The class action lawsuit that has been filed in federal court in East St. Louis and a third in Madison County Circuit Court is a sure sign that everything isn't at all what YTB Travel International Inc.Chief Executive Officer Scott Tomer and others are confessing them to be, it's funny that I choose the word "CONFESSING"
maybe it time that YTB Travel International Inc. began to do just that "CONFESS" it's wrong doing and set their captives FREE!!!!!!!
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
Tuesday, August 26, 2008
More YTB Travel Problems this time in Houston
YTB Travel News(Press Release): More YTB Travel Problems have been reported this time In Houston where a group
of School bus drivers and their families had dreams of taking a vacation
only to find out that they had been involved in one of many of YTB
Travel scam:
Come on YTB Travel don't you think that a enough is enough?
For More Information Contact:
Daryl D. Alex
Regional Executive
Traverus Travel
1.877.774.3431
225.590.7700
of School bus drivers and their families had dreams of taking a vacation
only to find out that they had been involved in one of many of YTB
Travel scam:
Come on YTB Travel don't you think that a enough is enough?
For More Information Contact:
Daryl D. Alex
Regional Executive
Traverus Travel
1.877.774.3431
225.590.7700
Labels:
YTB,
ytb complaints,
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YTB Travel Problems,
YTB Travel Scam
Friday, August 22, 2008
More YTB Complaints from The BBB
YTB Travel News:(Press Release) More YTB Travel Complaints
A Fallbrook, Calif., woman complained to the BBB that after a day-long seminar, she purchased a Web site from YTB Travel for $499 in order to become an online travel agent. She said she thought this would be a good way to make money from home and obtain travel discounts for personal travel. She said that she needed to book $1,200 a month through her Web site in order to be eligible for personal discounts, but everyone that she told about her site said that they “did some research and found that they could book travel more cheaply elsewhere.” She also said that “IATA(International Air Transport Association Network) rescinded their affiliation with YTB Travel and that was the main way for us to obtain travel discounts.” The BBB assisted her in obtaining a refund.
When contacted by the BBB, a representative of the IATAN confirmed that their relationship with YTB Travel was severed due to “failure to maintain standards of accreditation.” In an official statement IATAN indicated that YTB Travel was terminated for “violating the standards which provide that ‘IATA numeric codes shall not be lent, subcontracted, or hired to a third party.’" Furthermore, IATAN “found that the Referring Travel Agents recruited by YTB Travel -- and to whom YTB Travel gave credentials which contained the IATA numeric code -- were "third parties" over whom YTB Travel had no control.” YTB Travel disputed IATANS actions, but upon review the actions were upheld.
For the first quarter of 2008, only 12.5% of YTB Travel’s net revenue was derived from online travel sale commissions, while almost 80% came from the recruitment of people joining its online travel business. Based on the number of RTAs listed in these filings, the average amount made by each RTA through the sale of travel through their Web site for the first quarter was $27.75; on pace for a yearly income of $111, according to filings with the Security and Exchange Commission.
J. Kim Sorensen is the president of YTB Travel, J. Scott Tomer is the CEO and J. Lloyd Tomer is the chairman of the board, according to the company’s Web site.
If you are like me and are tried of the many YTB Travel Complaints that have and are being leeved on YTB Travel then maybe it's time you take a look at Traverus Travel Network and TeleVerus Cell Phones
For more information contact:
Daryl D. Alex
Regional Executive
Traverus Travel and TeleVeus Cell Phones
1.800.781.3254
1.877.774.3431
225.590.7700
A Fallbrook, Calif., woman complained to the BBB that after a day-long seminar, she purchased a Web site from YTB Travel for $499 in order to become an online travel agent. She said she thought this would be a good way to make money from home and obtain travel discounts for personal travel. She said that she needed to book $1,200 a month through her Web site in order to be eligible for personal discounts, but everyone that she told about her site said that they “did some research and found that they could book travel more cheaply elsewhere.” She also said that “IATA(International Air Transport Association Network) rescinded their affiliation with YTB Travel and that was the main way for us to obtain travel discounts.” The BBB assisted her in obtaining a refund.
When contacted by the BBB, a representative of the IATAN confirmed that their relationship with YTB Travel was severed due to “failure to maintain standards of accreditation.” In an official statement IATAN indicated that YTB Travel was terminated for “violating the standards which provide that ‘IATA numeric codes shall not be lent, subcontracted, or hired to a third party.’" Furthermore, IATAN “found that the Referring Travel Agents recruited by YTB Travel -- and to whom YTB Travel gave credentials which contained the IATA numeric code -- were "third parties" over whom YTB Travel had no control.” YTB Travel disputed IATANS actions, but upon review the actions were upheld.
For the first quarter of 2008, only 12.5% of YTB Travel’s net revenue was derived from online travel sale commissions, while almost 80% came from the recruitment of people joining its online travel business. Based on the number of RTAs listed in these filings, the average amount made by each RTA through the sale of travel through their Web site for the first quarter was $27.75; on pace for a yearly income of $111, according to filings with the Security and Exchange Commission.
J. Kim Sorensen is the president of YTB Travel, J. Scott Tomer is the CEO and J. Lloyd Tomer is the chairman of the board, according to the company’s Web site.
If you are like me and are tried of the many YTB Travel Complaints that have and are being leeved on YTB Travel then maybe it's time you take a look at Traverus Travel Network and TeleVerus Cell Phones
For more information contact:
Daryl D. Alex
Regional Executive
Traverus Travel and TeleVeus Cell Phones
1.800.781.3254
1.877.774.3431
225.590.7700
Sunday, August 17, 2008
YTB Travel International deceives yet another member
YTB Travel News(Press Release): Here is another story of misrepresentation by YTB Travel International as reported by The St. Louis Business Journal - by Kelsey Volkmann
I know how Mrs. Temple is feeling because like her I too was deceived my YTB Travel International when told that I too with earn that same 60% commission on every thing booked from my site. However, I too was never ever told that it would 60% of what was left after YTB Travel International was paid by their hosting company. Now if that isn't misrepresenting I don't know what is and if YTB Travel International lies about this then what else has YTB Travel International lied about?
For more information contact:
Daryl D. Alex
Regional Executive
Traverus Travel
1.877.744.3431
225.590.7700
Traverus Travel Update
Ana Temple wanted to make some extra cash to supplement her income as a finance and human resources director for an architectural firm.
So when a family friend told her aboutYourTravelBiz.com and how she could set up her own online travel agency, she jumped at the chance in April.
She paid nearly $500 to set up a Web site through Wood River, Ill.-based YTB International. The company told her she'd make 60 percent commission off every trip she booked.
But then she got her paycheck: $3 per airline ticket.
That's when the company told her travel agents make 60 percent of what YTB Travel makes, she said.
"I feel so deceived," said Temple, a Copiague, N.Y., resident. "They told us people could retire off this and take free trips. It's all a bunch of bull."
Several YTB Travel agents vigorously defended YTB Travel at the company's national convention in St. Louis this week, saying they had made money and received discounts on personal travel.
"That's because they got thousands of suckers underneath them and they're making money off us," said Temple, 38.
When she tried to cancel, YTB Travel refused, saying it was past the five-day cancellation period. But Temple said she didn't receive her packet informing her of the cancellation policy until after the five- day period expired.
YTB Travel denied this and she was still required to read the online terms and conditions before paying.
"They gave us so much false information," she said. "Total, total lies."
I know how Mrs. Temple is feeling because like her I too was deceived my YTB Travel International when told that I too with earn that same 60% commission on every thing booked from my site. However, I too was never ever told that it would 60% of what was left after YTB Travel International was paid by their hosting company. Now if that isn't misrepresenting I don't know what is and if YTB Travel International lies about this then what else has YTB Travel International lied about?
For more information contact:
Daryl D. Alex
Regional Executive
Traverus Travel
1.877.744.3431
225.590.7700
Traverus Travel Update
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