Tension Grips Nigerians, As Ponzi Scheme “Ultimate Cycler” Crash
The website of one of the ponzi schemes in Nigeria, Ultimate Cycler is down, sending panic waves across many of its Nigerian members who have invested their money in it, as well as those who invested in MMM.
Unlike MMM which offered 30% returns on investment, Ultimate Cycler promised to pay 300% return to its investors within 45 days.
The huge returns offered has lured many to the scheme, with some even abandoning MMM Nigeria.
The ponzi website, www.ultimatecycler.com went down early Thursday morning, around 10:30am, shutting out every member who owns an account with it. When accessed, the site initially displayed an error line of code, before displaying ”Error 500” in bold letters, then it proceeded to display another message:
“Be right back. We are currently updating the site to give you a more pleasurable experience and will be back online shortly. Our update estimation is to be complete over the next 6 – 12 hours. Thank you, Peter Wolfing.”
Ultimate Cycler is a new ponzi scheme that followed MMM. This new money doubling scheme claims a promise of better returns on invested money than MMM. The hook for Ultimate Cycler is members get a return of N50,000 after paying N12,500 to a fellow member he or she registered under.
As at the time of filing this report, the ponzi website has still not come to life.
Culled from Vanguard
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It’s a shame when the so called journalists in the country hang on to petty talks just to rustle up he people…do they not understand the fact that when lots of people access a site at once there is bound to be congestion???? Do they not understand what it means to upgrade a site???? If the ultimatecycler site is dead why then do the owners bother to keep the public updated?????? Please let’s look for better things to enlighten this dying Nation with
one of the largest community of ultimate cyclers and crowrising. we have had lots of success stories
with our pool of investors.
don’t let anyone fool you about this type of investment, its just a way of spreading money across the country . but people who earn are people that joined a well organized community with vast amount of investors. in Nigeria.
ultimate cycler is not gone, reason be that the program didn’t expect the large traffic from Nigerians from 300,000 users to 5million in 5days. what do you expect a crash due to over load goodnews. is it would be back in few days. however crowd rising is another good or even better platform to invest note there are no disadvantages but crowd rising is easy to understand,, use and faster.
in summary how money is made invest early and enjoy the benefit invest late and loose.. this program would be here for a long time (2years) because it one of the best means to circulate money around the country… The best thing about crowdrising and making money is that instead of looking around for people to add,you can easily be registed with a referral from us and sending back your referral link so that we send to another person and connect you making your money faster without looking around .
Avoid groups appealing to their selfish interest you make money through others and vice-versa
Avoid registering relatives under you. because it kills your earning on level 2