Ultimate Cycler Ponzi Scheme Website Crashes, Leaves MMM Participants In Fear

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The website of Ultimate Cycler, one of the the popular ponzi schemes in Nigeria  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 website of Ultimate Cycler went down early on Thursday morning, precisely at around 10:30am (Nigerian time), shutting out every member who owns an account with it.

At first, the site first displayed error codes in bold letters, then it went further 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 one of the latest ponzi schemes which was birthed in Nigeria shortly after MMM. The new money doubling scheme attracted participants with its claim of better returns on invested money than MMM.

See Also: The Man Behind MMM Nigeria A Pastor??

In Ultimate Cycler, members get a return of N50,000 after paying N12,500 to a fellow member he or she registered under. 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.

However, the website was back up early this morning, Friday, December 2, 2016. According to the scheme’s Twitter account, the website was down because the servers were being upgraded.

In a series of tweets on its Twitter handle, Ultimate Cycler Nig, they wrote:

I see a lot of panic tweets on here to which there’s no cause for.

Website will be back up soon. Stay calm. Website/server upgrade ongoing.

Yes, site’s back on…but evidently still being worked on. Few lags still present. So again, stay calm and don’t mind the prophets of doom.

Yes, site’s back on…but evidently still being worked on. Few lags still present. So again, stay calm and don’t mind the prophets of doom.

will resume team registration when site’s fully back on…uncovered some cool new moves too can’t wait to implement!!

I hope this is not a warning sign!