Notorious Nigerian Ponzi scheme, Ultimate Cycler has returned as its website is now fully functional.The scheme which has been dormant for over two weeks now left millions of its members in panic mode.
Ultimate Cycler founder, Peter Wolfing released a statement on the new version of the scheme 2 days ago. Wolfing wrote;
We are excited to inform you that we have completed our site transfer and our calibrations.
2. 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.
3. 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.
4. 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 UltimateCycler.
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.
This development is coming a few days after Nigeria’s biggest ponzi scheme, MMM (Mavrodi mondial Moneybox) froze all activities leaving its members stranded and in shock. MMM announced that it would be freezing all mavros (a currency used on the scheme’s site) till January 14th in order to avoid a crash. Many members of the scheme have given up hope of getting their money back after it was discovered that MMM Zimbabawe was frozen in the same pattern and till date has not resumed operations.
After freezing activities in Nigeria, the scheme has migrated to Ghana and Kenya. Nigeria, in recent times has been experiencing a rise in the prevalence of ponzi schemes and many believe it is due to the nation’s current economic woes.
The Nigerian government has repeatedly warned its citizens to stay away from ponzi schemes like Ultimatecycler and MMM.