UPDATE: Text Cash Network Creates Even More Name Confusion With ‘ASSIGNMENT’ Clause That Appeared On ‘Purchase Agreement’ Page

Some affiliates have claimed Text Cash Network (TCN) is part of a company known as “The Johnson Group.” Others have added an ampersand and mimicked the name of an internationally famous company, saying TCN is part of the “Johnson & Johnson Group.

Although photos appear online that show the name “TEXT CASH NETWORK” in large letters near the crown of an office building in Boca Raton, Fla., the Boca Raton Police Department said on Dec. 14 that the firm’s name is not on the building.

Now, yet another TCN flap involving a company name is emerging. The name appeared on TCN’s purchase-agreement page in recent days.

“I understand that this agreement may not be transferred or assigned without prior written consent of REX Venture Group, LLC a/k/a/ T.C.N..com (sic), which consent shall not be unreasonably denied,” the TCN purchase-agreement page read in part on Dec. 22, according to Google cache. The language appeared below a clause labeled “ASSIGNMENT.”

Largely the same language appears on a page for a program known as Zeek Rewards, which leads to questions about whether TCN had copied the language and swapped in the name of its own company without consent.

But the name of REX Venture Group no longer appears on the purchase-agreement page of TCN’s website, and the “ASSIGNMENT” clause has been reworded to read, “I understand that this agreement may not be transferred or assigned without prior written consent of Text Cash Network, inc. a/k/a T.C.N., which consent shall not be unreasonably denied.”

It is unclear when the changes were made.

TCN has claimed to employ an “attorney,” but does not name the attorney. It also has claimed to use a “host of traditional domestic and international legal representatives.”

Whether TCN consulted the purported attorney and the purported “host of traditional domestic and international legal representatives” before posting the assignment clause — and later editing it — is unclear. Also unclear is whether TCN ever consulted with the Rex Venture Group, the firm whose name now has been deleted from TCN’s purported assignment clause.

Why TCN claimed it also was known as the Rex Venture Group also is unclear.

TCN has promotional links to Ponzi scheme boards and to MLM huckster Phil Piccolo and Piccolo-associated firms such as Data Network Affiliates (DNA) and OWOW, which stands for “One World One Website.”

Significant incongruities and vagueness over TCN’s ownership structure have marked promotions for TCN. Similar incongruities marked promos for DNA and OWOW.

1.

Google took a cache shot of TCN's purchase-agreement page on Dec. 22. Here is a screen shot of part of the page, which shows the name of REX Venture Group LLC. The name no longer appears on the page, leading to questions about whether TCN had simply copied-and-pasted terms from another MLM opportunity.

2.

Section from TCN's purchase-agreement page as it appeared on Dec. 27. The section has been reworded, and the name of REX Venture Group LLC has been removed.

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4 Responses to “UPDATE: Text Cash Network Creates Even More Name Confusion With ‘ASSIGNMENT’ Clause That Appeared On ‘Purchase Agreement’ Page”

  1. The “Rex Venture Group” are no newcomers to the world of scams and scammers, they have history with email based fraud.

    Do a quick Google using the terms: “NewNetMail, Lighthouse America, Rex Venture Group, Paul Burks Owner & Creator Of NewNetMail” and you’ll be struck with an immediate sense of deja vu

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  2. Adding to the confusion there is a Cash Text Network that also launched just as Text Cash Network launched. In the beginning, it appeared that Text Cash Network had Phil Piccolo behind it, who is known as the one-man crime wave. Then it seemed that Phil had been disconnected from it, but this is still not clear if he is or isn’t still involved.

    Given the “Assignment” clause, makes me think Phil is still behind this pulling the strings. This is a typical Phil Piccolo tactic.

    It will be interesting to see which one stays afloat in 2012, and for how long in 2012. Both will be lucky to survive the New Year, which is a good thing.

    Speaking of Phil Piccolo, I wonder if he ever figured out that a couple of his lemmings in DNA/OWOW got hold of a video scanner and scammed him. Yes, they were able to record thousands of license plates per day and got paid for them before someone finally caught on. Nothing like the scammer getting scammed. Gotta love it.

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  3. I thought there was a 10 plate per day limit? That’s one of the ridiculous things we were laughing about and how useless it was.

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