More Trouble For YTB's Board of Directors

2008 did not seem to be the best year for YTB's Board of Directors. Bob Dickinson was in, and then out. Burt Saunders was in, and then out so he could "consult" with YTB. John Simmons was just plain out.

This Board has a record of approving all sorts of shady inside deals. YTB bought a plane from a Board member, their land is secured by notes from a bank formerly owned by a Board member (that was seized by the Feds last year), and the actual land they own was purchased form a Board member.  Then there is the whole deal with Beryl Martin being owned by Lloyd "Coach" Tomer, Scott Tomer and J. Kim Sorensen. You remember that company, the privately held one that built a $6 million dollar styrofoam statue for YTB--the publicly traded company (YTBLA).

It seems missteps are all over the place and 2009 does not look to be any different. Apparently the land company owned by two of their Board members is being foreclosed upon. Yes, it seems that Clay Winfield and Tim Kaiser (who have mysteriously dropped out of contact) are in a bit of trouble. I wonder if any of the YTB properties are affected?

But if this is the type of leadership and direction that YTB attracts to their Board of Directors, one has to wonder about the company as a whole. I have not counted but I have to guess that 90% of anything YTB touches ends up in some sort of controversy. Pink sheets, Dickinson, statue, earnings, Olympics., California's Attorney General, Class Action lawsuits. When will it end?

Now that Lisa Madigan, Attorney General of Illinois is done with the Rod Blagojevich scandal, maybe she can turn her attention this. Remember YTB claims to have upwards of 112,000 paying RTAs and over 300,000 Reps. Now they have just added a new MLM to their line with Aisle 19! Lisa Madigan--are you listening?