YTB Called “Gigantic Pyramid Scheme” By California Attorney General (and Sued, Too)

Standard

Yesterday on WalletPop, I wrote about how California’s Attorney General announced a lawsuit against YourTravelBiz.com (YTB) and called it a “gigantic pyramid scheme.” The evidence that it is a pyramid scheme is based upon the fact that the company theoretically offers members a chance to sell travel services to customers, yet that’s only a small fraction of how the money really flows.

The real money in YTB is in recruiting new members, who pay $450 to join and pay $50 a month to stay active and eligible for commissions. Hmmmm… Kind of sounds like the $448 it costs to join Shop to Earn and the minimum monthly purchase of $100 from its “Shop to Earth” products in order to be “qualified” to be paid commissions. Continue reading