Tag Archives: Amway

Fanista: Amway Is Selling Music

Would you like to hear about an incredible, life-changing opportunity? Just say no.

As a native Grand Rapidian, I am no stranger to the Amway business model. While none of my friends have ever gotten sucked into a pyramid scheme, pretty much everybody I know has a relative who has worked for the notorious soap behemoth. Turns out now Amway is getting into the ever-blossoming music industry! The New York Times has the scoop.

Here are the interesting tidbits:

• If your friend joins and buys something, identifying you as the reason for joining, you get 5 percent of the sale in cash or credit.

• Alticor (a/k/a Amway) is Fanista’s sole financial backer.

• Alticor generates about $6 billion in annual revenue.

• Amway pleaded guilty in 1983 to defrauding the Canadian government and paid $25 million in fines.

More after the jump…

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