Fear grips Nigerians in MMM, others as ponzi website, Ultimate Cycler, crashes

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.

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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  1. it will come back to live.you pple shld stop wishing us bad in this country.

    ReplyDelete
  2. Na wa oh, all this indirect marketing of MMM. Nigerianeye, if you're into MMM come out boldly and don't be shy. If a site is down for maintenance and it is written on that site, is that supposed to be news? Must you connect it to MMM before you sell? This desperate journalism is becoming its own MMM. Why don't you talk about other forms of network marketing like Swissgolden. Now I know someone will say Swissgolden is different because it deals with gold. I then ask, can you show me someone who has collected the gold instead of the money gained from referrals? If it is such a great business with a true/real product why don't they go to the bank and grab a juicy loan, instead of investing so much to put equipment in place to grab peanuts from individuals?
    Nigerianeye, stop indirect advertising.

    ReplyDelete

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