Jamraval Inc., which purchased YTB's assets for $3.5 million, will resurrect the company as YTB Global Travel Inc., overseen by the owner of Jamraval, Sam Hathi. YTB International's president and CEO, Andy Cauthen, will stay on in a management position at the new company.
October 14, 2013 -- An investor has acquired the assets of YTB International. YTB, which once had more than 130,000 independent agents, filed for Chapter 11 bankruptcy in March after fallout from lawsuits filed by Illinois' and California's Attorneys General, alleging it operated as an illegal pyramid scheme.
