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Article: FTC Shuts Down World Class Travel Network as Its Convention Looms.(Originated from The Orange County Register, Calif.)
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- March 6, 1997
- Author:
CopyrightCOPYRIGHT 1997 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Mar. 6--World Class Network, a fast-growing travel network, was shut down by the Federal Trade Commission just days before 8,000 member-salespeople were to gather for a convention in San Francisco. The FTC charged that the group misled members about their chances of earning big money and free travel.
A court-appointed receiver seized World Class' Irvine headquarters and warehouse, as well as a travel office in Calabasas, on Monday. U.S. District Judge Alicemarie Stotler had authorized the seizure Feb. 28. Her order was unsealed Tuesday.
World Class has about 50,000 members, up from 12,000 a year ago, said attorney Scott Warren, who represents ...