The new website of Racksterli Affiliate Marketing Income Programme, dev.racksterli.com has been shutdown indefinitely by the management of the company.
The Chief Executive Officer of Racksterli, Mr Michael Chidiebere, revealed that the company needed to shutdown the platform in order to conserve more funds towards refunding investors as from September, 2021.
Mr Michael Chidiebere revealed this information while replying to questions on Racksterli WhatsApp group on June 29, 2021.
When reminded that the new Racksterli website had been inaccessible to investors since June 28, 2021, Mr Michael Chidiebere replied:
“We don’t need to keep wasting money on server renewal when activities are not running on the site. We have the informations we need.”
The management of Racksterli, prior to the launch of the new website, only signed a three months contract with the hosting company.
The dedicated server hosting the new website was purchased on March 30, 2021 and expired on June 28, 2021.
Recall that on April 5, 2021, Racksterli launched a brand new advanced website to continue its business activities.
The new website was definitely an upgrade on the old website, with lots of sophisticated features which made it very user friendly to investors.
The new website began disbursing payments to its investors on May 5, 2021; payments continued till June 4, 2021.
On June 14, 2021, the management of Racksterli officially announced that the company had financial issues and would shutdown for a minimum of three months to resolve its financial issues.
The crucial part of the official statement released reads:
“As you know, we were deeply involved in crypto currency trading to generate revenue for the platform and was affected deeply by the downturn in the crypto market.
“Again, due to the CBN regulations in the country that prohibits commercial banks from enabling any entity from performing transactions related to crypto currency, our bank accounts got restricted.
“The other restrictions came from some of our subscribers who reported our accounts thereby making every effort to stay afloat more difficult and these have unfortunately brought us to this point.
“We wish to inform you that we will need a period of three months to resolve our financial issues and continue with the refund process.
“Thank you so much for your continued understanding.
Signed: The Management
Do you think Racksterli would make a return after three months, as promised by the management?
The truth would be revealed by September 15, 2021.
By then, thousands of investors would get to know if Mr Michael Chidiebere is indeed a professional highly sophisticated scammer or an honest business man with a good heart to serve.
But, one thing is certain, the reputation and image of Mr Michael Chidiebere is on the line here, and he is definitely not going to remain the same afterwards.