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July 10, 2006

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Pete Promer

DeVos has had a number of boats called Windquest. There was a 74' IMS boat designed by Reichel/Pugh, now owned by a South American and called Alexia B. He has also had a 1D35 and 1D48 called Windquest, in addition to the MaxZ86 that you mentioned. See
http://www.yachtracing.com/richroberts/073103.htm for a bit more on the MaxZ86.

I think it is a bit presumptuous to assume that the boat was for sale due to lack of funds rather than to desire for a faster boat.

On the other hand, it is pretty clear that Dick Jr. has shown a lot more enthusiasm in his life for sailing than for running a business or for 'public service'.

Steve Smith

... or maybe it's because Dick now spends his leisure time on his motorcycle!

The Executive Director

Hi, Pete.

Thanks for the additional info. There are two reasons why I suggested that the Windquest (the MaxZ86) was for sail because the coffers are empty. First, DeVos wasn't interested in buying a faster boat. In fact, he canceled the construction of a bigger and faster sailboat in Italy.

Second, all the evidence points to Amway going through a financial workout with its lenders after the implosion of Amway-Asia and Amway-Pacific. We have covered this issue in some detail with a number of articles in the "Pyramid Project" folder, if you are interested.

Because the DeVoses (and the Van Andels for that matter, too) aren't as well-heeled as they appear to be, they have been panhandling for tax credits, donations, and other favors that are a bit unusual for billionaires to be grubbing around for. Because these activities affect the public purse in significant way here in G.R., we have been covering the influence of the Amway clans here.

Regards, Bill

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