Michael Oti Chidiebere, the founder of Racksterli, who has been accused of fraud by users of his online payment site, has reportedly enlisted the support of military personnel and a native doctor.


Michael, also known as Blackgold, has been involved in affiliate marketing since 2016. In 2019, he launched Racksterli and became a millionaire after a large number of people joined the platform.

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Racksterli is an investment platform that pays individuals when they register with their package of preference and take active participation on their website via the earning system.

racksterli founder

Many have likened it to a rebranded Ponzi scheme. Although some beneficiaries have come out to say they got paid, others have called out the 25-year-old for allegedly scamming them of their hard-earned cash after they invested it in the platform.

According to social media reports, Michael hired soldiers and a native doctor who he moves around with, for protection, as some of the victims of his alleged scam have reportedly issued him threats.

racksterli founder2

While photos of the young CEO with his security detail surfaced online, some affected persons took to social media to rag the Racksterli founder and share their stories.

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@arazu_fidel wrote; Someone that scammed people walking freely like as if it never happened Nigeria ejor who do us this thing

@Theonlysophynit; Please come and give me my money. Na me be the bread winner for my family. No let Ogun enter this matter @blackgoldtwitt

@david_nzenwa; Our money don go. He is covered physically and spiritually @Racksterli1

@Pondies_ said; Chaiii the guy na scammer wey legit..werey tell people wey him Dey owe wey he never pay make them invest again say e go pay them both together..

@davidkengz; My money still Dey there 28 k

@brightluv85 said; @officialEFCC will not look into this now