Tuesday, February 26, 2013

Amway Moves in at Citi Field $HLF $NUS

Amway Moves in at Citi Field $HLF

The Mets have not acquired any high-priced free agents in the off-season, but they have a new tenant at Citi Field: Amway.
Amway is something of a strange partner for a baseball team. It is a multi-billion-dollar direct seller, which deploys millions of independent sales agents worldwide to sell mostly vitamins, dietary supplements, energy drinks and home cleaning products.
It would also appear to be a strange choice for the Mets, whose ownership last year settled a lawsuit brought against them by the trustee for the victims of the Ponzi scheme perpetrated by Bernard L. Madoff. In 2011, Amway, which has been accused of being a pyramid scheme, settled a class-action suit for $56 million over allegations that it had misled its distributors about how they would make money.
Nothing in its product line appears to link Amway to baseball. But there is, at least, a sports connection: Rich DeVos, a co-founder of the company, is the owner of the Orlando Magic, who play at Amway Center.
Nonetheless, The Amway Business Center opened Saturday on the 126th Street side of Citi Field, near the ballpark’s bullpen gate. The opening of the outlet was first reported by CapitalNewYork.com"

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