One
of the ponzi schemes in Nigeria, Ultimate Cycler has crashed, sending panic
waves across many of its Nigerian members who have invested their money in it
as well as those who have equally invested in others such as MMM.
The
ponzi website, Ultimate Cycler went down early Thursday morning, specifically
around 10:30am
(Nigerian time), shutting out every member who owns an account with it.
(Nigerian time), 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. Dangers for members who have invested in it or others
like MMM is that when such websites go down, chances are that it never comes up
again and hence, “investors'” money goes with it. So, will Ultimate Cycler ever
come back to life? This is question on the minds of every member.
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