Dec 14, 2012 | Legal, News
In 2012, there were several publicized events that, along with other similar events over the least several years, indicate pervasive fraud in the multi-level marketing field and call out for a new and comprehensive investigation of this industry by regulators at the...
May 15, 2009 | Economics / Financial, False Profits
Some state regulators are doing what the Federal Trade Commission (FTC) will not do – protect the public from pyramid selling scams, also called “business opportunity frauds.” The latest example is the scheme, Your Travel Biz.com, a classic pyramid in which consumers...
Aug 11, 2008 | Economics / Financial, False Profits, Legalities and Laws
The multi-level marketing (MLM) company, Your Travel Biz.com (YTB), is being prosecuted for fraud by the Attorney General of California. And now, a class action lawsuit has also been filed against YTB by some of its agents for operating a pyramid scheme. Over 100,000...
Aug 7, 2008 | False Profits, Legalities and Laws
The multi-level marketing scheme, Your Travel Biz.com, which is now being sued by the California Attorney General as a “gigantic pyramid scheme,” won membership in the Direct Selling Association in 2007. DSA is the lobbying and trade group for multi-level...