The rave of the moment currently in Nigeria is called Ultimate Cycler. After the extensive success of MMM Nigeria which promised to pay members 30% r...
The rave of the moment currently in Nigeria is called Ultimate Cycler. After the extensive success of MMM Nigeria which promised to pay members 30% return of investment monthly, Ultimate Cycler has become the love child among Nigerians, promising to pay 300% return on investment withing 45 days.
Due to to heavy promised payout, the this particular ponzi scheme has gathefed momentum escpecially in the past two eeks.
The hook for Ultimate Cycler is this; sign up by and paying N12,500 to a fellow member you registered under. When your donation has been confirmed, the Ultimate Cycler admin puts four people under you who will pay N12,500 you resulting in N50,000. In summary, pay N12,500 and get N50,000.
When you have four people under you, Ultimate Cycler bumps you up to the second level. In this stage, you will pay N25,000 from your N50,000 largess to a grade 2 member. After this, the system will put 16 people under you who will pay you N25,000. At this stage, your grand total will be N400,000.
Has many Nigerians troop to this new scheme, some even abandoning their first love MMM Nigeria, there seem to be a problem.
The website which is hosted at www.ultimatecycler.com has been down. Members cannot login.
A visit at the website shows the following 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.