Two former referring travel agents for YTB Travel Network launched a class-action lawsuit in U.S. District Court in East St. Louis, Ill., seeking more than $100 million in actual damages for themselves and others who invested in the YTB programs.
They claim they and the members of their class suffered financial losses because YTB International and its divisions operated an illegal pyramid scheme.
The lead plaintiffs are Faye Morrison of St. Louis and Kwame Thompson of Atlanta. One of their attorneys, Christian Montroy, said that because the lawsuit is so new, it is uncertain how many plaintiffs are in the class but “certainly more than 1,000.” He said two more plaintiffs will be added to the suit in the next week.
Aug 11, 2008
Update On Federal Suit
According to Travel Weekly, this suit was filed for $100 million dollars. Wow, that is $125 million in less than 5 days.
Posted by John at 2:34 PM