YTB’s “Coach” and Elvis’ plane

by louabbott on September 2, 2008

St. Louis Post-Dispatch 9.02.2008

If it’s [YTB] a pyramid scheme, it is not the first one J. Lloyd Tomer has been involved with … the fifty state tour that Philpott and Tomer planned for the Lisa Marie never got off the ground. By June of 1978 the Texas attorney general had quashed the marketing plan as being in violation of the state’s deceptive trade practices law. Philpott was discovered to have had problems with the Internal Revenue Service and the Securities Exchange Commission. By July the Lisa Marie had been repossessed (it’s now parked near Graceland in Memphis). And a lot of people were stuck with cases of a useless oil additive.

Whole story at: St. Louis Post-Dispatch

See also: YTB Facts, News and Reviews

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