Ultimate Cycler: Panic Grips Nigerians In MMM As Another Ponzi Scheme Website Crashes

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Ultimate Cycler: Panic Grips Nigerians In MMM As Another Ponzi Scheme Website Crashes

There were signals of panic and consternation among Nigerians, who have invested heavily in the controversial MMM, after a sister Ponzi Scheme, Ultimate Cycler, crashed on Thursday, December 1, 2016.

READ ALSO: Man Beats Wife To Coma For Investing Family Savings In MMM

It was learnt that since yesterday, members of the money doubling scheme were unable to login to their accounts.

When accessed, an error line of code will display and another message that reads: “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.”

The Twitter account also acknowledged that the website had crashed.

Ultimate Cycler is a sister ponzi scheme to MMM that 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.

READ ALSO: ‘MMM Is A Fraud, Don’t Patronize It’ – CBN Warns Nigerians

The demerit with these money doubling schemes is that, just like MMM, when such websites go down, chances are that it never comes up again and hence, “investors’” money goes with it.

Datboyjerry

Datboyjerry

I am but your herald boy in the art of the pen.. An eccentric Environmental Biologist smouldered in the glorious epiphany of online journalism. If you ever find my article unduly insipid, sue me and i’ll refund you...

4 comments

  1. That boy Jerry, I can see you just want to brandish words. First if all, ultimate cycler is nothing like mmm and referring to it as a sister scheme is flawed. No fear isn’t gripping us at mmm rather we know better not to invest in schemes that are unresearched. Get your facts right you idiot.

  2. Uju u dey call dat boy jerry idiot, have u check urself. dat hw u dey fail exam, MMM never do u strong tin. sha my besty uju go find work do abegg, i need cleaner if u wan apply. i pay pass MMM.

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