ScamTelegraph reports that Ingreso Cybernetico, a matrix scheme launched in late 2013 and allegedly based in Medellin, Colombia, is headed by CEO Dwayne Golden. Golden was previously associated with Blue Bird Bids, a penny auction opportunity that faced an auto-bidding controversy and subsequently collapsed.

Ingreso Cybernetico, a matrix scheme, commenced operations in late 2013, claiming headquarters in Medellin, Colombia. The company is led by CEO Dwayne Golden, whose previous business ventures have drawn scrutiny. The scheme involves investment structures ranging from $50 to $3500.

Prior to Ingreso Cybernetico, Golden was identified as a silent owner and partner of Blue Bird Bids, a penny auction platform. Before his involvement with Blue Bird Bids, Golden operated a penny auction named Green Apple Fridays, which later served as a backend for Blue Bird Bids. Blue Bird Bids aimed to replicate the model of Zeek Rewards, an $850 million Ponzi scheme that operated as an MLM penny auction before being shut down by the SEC in 2012.

Although Dwayne Golden's name was not listed on the Blue Bird Bids website, his partner, Mardy Eger, who was credited as the founder, publicly acknowledged his "long-standing association" with Golden on his personal blog. Blue Bird Bids launched in late 2012 but by early January had become embroiled in an auction bot auto-bidding controversy. Eric Swaim, then Vice-President of Blue Bird Bids, expressed concerns in an email to Mardy Eger, noting accusations from users about automated bots bidding against them.

Swaim's email detailed observations of the same usernames bidding all day, which did not appear in the system upon lookup, raising suspicions of internal manipulation. It was subsequently revealed that the penny auction script utilized by Blue Bird Bids contained an inherent "auto bidder system." Following these revelations, Blue Bird Bids temporarily suspended its auctions in late 2012. While auctions resumed in late January, the platform never recovered from the controversy and downtime, leading to its eventual collapse. Neither Golden nor Eger publicly addressed the auto-bid scandal or the exact circumstances of the company's failure.

Following the collapse of Blue Bird Bids, Golden appeared to return to Green Apple Fridays. However, the Green Apple Fridays website now displays a notice promising updates on Ingreso Cybernetico. This suggests that Golden discontinued Green Apple Fridays sometime after Blue Bird Bids failed, subsequently launching Ingreso Cybernetico.

Ingreso Cybernetico lists various products and services on its website, including cloud storage, hosting plans, autoresponders, "Ingreso Apps," digital product tools, "IC Language Institute," and "IC Lead Pages." While these services are presented as retail offerings, their sale appears to be largely external to the core Ingreso Cybernetico opportunity. Affiliates are required to pay an optional $300 fee to gain the ability to sell these products to retail customers.

What is Ingreso Cybernetico?
Ingreso Cybernetico is a matrix scheme launched in late 2013, claiming to be based in Medellin, Colombia. It operates with a $50-$3500 investment structure and is headed by CEO Dwayne Golden.

Who is Dwayne Golden?
Dwayne Golden is the CEO of Ingreso Cybernetico. He was previously associated with penny auction platforms Green Apple Fridays and Blue Bird Bids, the latter of which faced an auto-bidding controversy and subsequently collapsed.

What was the Blue Bird Bids controversy?
Blue Bird Bids, a penny auction platform co-founded by Mardy Eger and silently partnered by Dwayne Golden, was accused of using auto-bots to bid against users. It was later confirmed that their auction script contained an in-built auto bidder system, leading to its collapse.

What is the connection to Zeek Rewards?
Blue Bird Bids, a venture Dwayne Golden was associated with, explicitly sought to capitalize on the model of Zeek Rewards. Zeek Rewards was an $850 million MLM penny auction Ponzi scheme shut down by the SEC in 2012.