Ultimate Cycler another ponzi scheme which website was down
some weeks ago has been re-opened. The founder, Peter Wolfing confirmed ‘the
return’ on Saturday on his Facebook page on Saturday He said ‘We are excited to
inform you that we have completed our site transfer and our calibrations.
Ultimate Cycler 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
spillovers 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. Relative crash: 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. Popularity: 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.
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