I'm feeling like my book is missing a few chapters. I've never heard of YTB before, not that that means anything,
YTB was formed in 2001 as a travel company, and was listed in one source as "a seller of Internet-based travel services and products", went to multi-level marketing to increase its size according to reports, going eventually to almost 130,000 agents, basically on the model of using agents to recruit further agents and whose payout was based on their downlines sales. Apparently CA and then IL disagreed with their business model and filed suit against them as a pyramid scheme, with the current result. The suits were settled, agents departed, company go boom as they say. They filed for bankruptcy in March in the East St. Louis FBC with about $1.3 million in assets and $7.1 million in liabilities and 40 employees. The 8-K filed for YTB lists a whole raft of subsidiaries, the assets, all of which, have been purchased by the newly formed YTB Global Travel.
Jamraval Inc has only been in existence for less than a year, and is listed as a mergers and acquisitions company, it appears to have been formed by two of YTB's secured creditors who have bought the travel assets of YTB out of the bankruptcy to create YTB Global Travel Inc, for $3.5 million and they were the sole bidder. The driving force behind this seems to be Sam Hathi and his partner??? Andy Cauthen, both of Chicago??
I think this is the first time I've ever heard of an MLM using a travel company as a base. Considering what the profit line in travel has been lately, I can't imagine any of them were making a living at it, and if they were internet based, why did they need agents? I's confuzzed??
The fact that you sincerely and wholeheartedly believe that the “Law of Gravity” is unconstitutional and a violation of your sovereign rights, does not absolve you of adherence to it.