03 September 2008

August not a good month for Internet travel company

August was not a good month for an Internet-based travel business that critics, including two state attorneys general, say is nothing more than a glorified pyramid scheme.

The troubles that began with a lawsuit filed by California Attorney General Jerry Brown have led to more legal problems and now, layoffs for the controversial travel company, YTB International Inc.

The home office of YourTravelBiz.com announced on Wednesday it would lay off 17 employees at its Wood River, Ill. Headquarters.

This follows the lawsuit filed by Brown in early August, which was quickly followed just four days later by a class action lawsuit filed by former YTB agents that basically echoed the same allegations of Brown's suit.

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