A man has cried out for help after regretting joining the ponzi scheme Ultimate Cycler, as those he introduced to the scheme are threatening him.
It is now over a week the Ultimate Cycler ponzi scheme crashed in Nigeria, although administrators of the site said they are upgrading it.
However, it seems like they are taking eternity to do it as people’s money are now stuck without a way of it being retrieved.
A participant of the ponzi scheme, Chidiebube Isaac has cried out for help as she said those he introduced to the scheme are now threatening to arrest him if he doesn’t refund their money back.
"I regret joining ultimate Cycler; all the people I introduced to it are now threatening to get me arrested if I don’t refund their money back" he wrote on Facebook.
Nothing has been heard from the owners of the site. However, the same message which has been there for over a week now has not helped matters.
The message displayed on the site reads: "At Ultimate Cycler we are introducing our global commitment over the next few days to provide each country we serve even greater value. As you know we are now having more than 100,000 to 200,000 thousand new members daily and have a large percentage of the new subscribers from Nigeria.
Therefore we are doing the following ASAP over the next few days to ensure our global commitment will impact each and every Ultimate Cycler subscriber no matter where you live in the world.
1. We are adding an additional income source 2. Providing a new design and layout 3. During Q1 registering Ultimate Cycler in Nigeria with an Office and legal presence. 4. Will offer life time admin fee to avoid different charges throughout the year. 5. An amazing Christmas income opportunity the everyone can participate in.
Please be sure to check your inbox for more details as we get closer and my next update.
Thank you, Peter Wolfing"
Many people who invested money in the scheme are still unsure what next step to take as many have regretted ever joining. Whether the site will come up as promised or not is still something yet to be seen.
I have been reporting on latest news from Nigeria for almost 10 years now. I report on every possible news area I come across, but always ensure my reports are compiled with dignity and fact to uphold my personal values and duty as a journalist
Posted: at 9-12-2016 05:51 AM (7 years ago) | Addicted Hero
Smh... I heard d site is working rite now tho, am nt in2 the ponzi scheme bt this newz is like an eye openner 4 those involved, 2 be in a safe zone, dont recriut anyone, let the machine do that 4 ya, shuld the site eva come 2 an end, nobody wuld be on ya throat demandin there money back, ya only deal wit ya lost. If ya smart ya gonna take ma advise. Assalamalekun.
Posted: at 9-12-2016 08:28 AM (7 years ago) | Gistmaniac
Smh... I heard d site is working rite now tho, am nt in2 the ponzi scheme bt this newz is like an eye openner 4 those involved, 2 be in a safe zone, dont recriut anyone, let the machine do that 4 ya, shuld the site eva come 2 an end, nobody wuld be on ya throat demandin there money back, ya only deal wit ya lost. If ya smart ya gonna take ma advise. Assalamalekun.
I concur
Posted: at 9-12-2016 10:34 AM (7 years ago) | Upcoming
EFEJONES1
gogoman
1marviz
concentrate
kacylee
Dramaking
diutopep
419BigBoy
Raphkomo
morolayo
jeroba1
OZIAMA23
adua
kison
CHRISETTE
TRENDING GISTS 
Come Out And Confess Why You Kill Mohbad - Ghanaian Prophet Who Prophesied Junior Pope’s Death Calls Sam Larry
My Mother, Enemy Of Progres!Man Reveals How His Mother Ended His Plans To Travel Out Of Nigeria
I'm Yet To Be Contacted By NFF – Peseiro Breaks Silence On Super Eagles' Return
UPDATE: Security Operatives Launch Manhunt For 109 Fleeing Inmates Of Suleja Prison
How Police Inspector Aliyu Taofeek Sent Patrick Chinemerem to His Early Grave in Lagos