The current economic downturn seems to be affecting the rate at which Nigerians patronize phony schemes. Nigerians plan to hit it big, legal or illegal.
One of such get rich scheme is the Ultimate Cycler.
The scheme was shut down a few weeks ago due to “technical hitches.”
The founder, Peter Wolfing, says he plans to scheme legal entity in Nigeria by registering it with relevant agencies.
The Scheme offers it members no legal assurance of their monies.
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Well, the website just re-launched again as Mr. Wolfing took to one of his social handles to announce that he is opening shop again.
“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.
“We now have 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.
“We are happy to announce that they are in the final stages of the power boost Ingrid server settings.
“For the next 5 days, we will be syncing and doing things.
“However, 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.
“Now we want to push forward and be a part of the new records that includes the number of legal 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.”
For all we know, Ultimate Cycler is a Ponzi scheme. Period!
This is how it works: an individual register with N12,500. That amount is donated to a fellow member.
After the member legally confirms your donation, the system will add four other registered persons under you.
Each of those will pay you N12,500! That makes N50,000!
You can also bring people to register under you if you cannot wait for the system to do it for you.
The owner of the scheme seems to be working with the emotions of the frozen MMM scheme.
We advise our fellow Nigerians to steer clear of these schemes and find a way to earn a legal living.