Another Ponzi scheme, Ultimate Cycler relaunches website
Ultimate Cycler another Ponzi scheme which website was down some weeks ago has been re-opened.
The founder, Peter Wolfing confirmed 'the return' on his Facebook page on Saturday.
He said 'We are excited to inform you that we have completed our site transfer and our calibrations.
Over the next 12 hours we are finalizing our settings as we are now power boosted with 2 servers and special settings that will enable us to surpass any company in the industry with our capacity.
Don't be alarmed during this time as our team has been working around the clock happy they are in the final stages (over the next 12 hour) of the power boost Ingrid server settings.
For the next 5 days we will be syncing and doing things but I will give you a daily video update so that you too can participate in the exciting milestone for Ultimate Cycler.
We have broken every record in the industry for new members and growth in a 30 day period, and in most cases more than most companies grow in 10 years.
Now we want to push forward and be a part of the new records that includes the number of people who we help to become financially free.
Together we can work to ensure that 2017 will be your year as we work to make this happen as a team.'
Ultimate Cycler is a Ponzi scheme where people with the aim of making money register with N12,500 and within 3 days get N50,000 in return..
How it works:
When you register, you will need to donate the sum of N12,500 to a fellow member and the person will then confirm your donation. The system (Admin) will put 4 other registered people under you from spill-overs who will also pay N12,500 each into your bank account, making N50,000. You can also bring people to register under you if you cannot wait for the system to do it for you.
There is increased panic over the seeming crash of Ultimate Cycler. The panic came following a technical downtime of the Ponzi scheme, which resulted in a crash of the site, ultimatecycler.com.
Subsequently, founder of the scheme, Peter Wolfing, while addressing the situation in a statement apologized for the development, saying the crash occurred as a result of a system upgrade.
He said the site would be up as soon as possible.
However, the site which went down on December 1 still displayed an error message 'Be right back. We are currently updating the site to give you a more pleasurable experience and will be back online shortly'. The founder also posted a video on the site urging participants to exercise patience. The site is still down, members can only view their inbox but cannot make any transactions or register new people.
This is the second most popular online money making Ponzi scheme in Nigeria, currently it is ranked in alexa.com as the 15th most visited site in Nigeria. The scheme currently operates in Nigeria and USA. There is no exact estimate of its population, however, it was said to be registering up to 2,000 members weekly in Nigeria until the site went down.