Text Cash Network

EDITOR’S NOTE: Zeek receiver Kenneth D. Bell has issued the following statement (below). The original is here and is dated July 30, 2014. “RVG” stands for Rex Venture Group, the operator of Zeek. Zeek is alleged to be a Ponzi- and pyramid scheme that gathered on the order of $850 million. The receiver’s statement addresses […]

“While reviewing the ASD website in the District of Columbia, [an undercover agent] found a posting within ASD’s News section, apparently posted by ASD on July 2, 2008. The title of the posting was, “Alert Pay & Direct Deposit are being phased out July 31, 2008.” According to ASD’s posting, “We have notified BOA not […]

BULLETIN: Zeek Rewards members are being targeted in a new scheme with ties to the Phil Piccolo organization and are being solicited for sums ranging from $600 to $60,000 “in return for ” . . .  “guaranteed 50 percent interest” from a purported “unique and legal loan system” over an unspecified time period, the PP […]

UPDATED 10:22 P.M. EDT (U.S.A.) The purported TelexFree “opportunity” is under investigation by multiple agencies in Brazil, its purported base of operations despite competing claims the company is headquartered in the United States.  The notes below concern TelexFree’s U.S. presence and positioning. They are presented in no particular order of importance. TelexFree says it is […]

In this editorial: Our assertion: Were he alive today and desperately needed cash, famed daredevil Karl Wallenda would find Zeek’s tightropes too dangerous to walk. Purported MLM “expert” sent to woodshed: Zeek “consultant” and former SEC defendant Keith Laggos reportedly gets the Zeek boot after using phrases associated with the investment trade and after suggesting […]

“WE NEED INTERNATIONAL SATELLITE PARTNERS: #1 must have minimum $25,000 deposit. #2 must have a good name in the country. #3 must be very honest and trustworthy. If you know of such a person in your country have them send a request to [deleted]@textcashnetwork.com.” — Feb. 13, 2012, Blog promo for Text Cash Network UPDATED […]

EDITOR’S NOTE: HYIP critics long have pointed out that many Internet-based schemes have members in common and that the interconnectivity of certain schemes creates a condition in which fraud proceeds circulate from scheme to scheme to scheme. Such fraud schemes can mushroom to involve tens of thousands — or even hundreds of thousands — of […]

The pitchman hosting a 90-day anniversary call yesterday for Text Cash Network introduced fellow TCN pitchman Joe Reid as an “absolute legend.” “In this industry, folks, facts tell, and stories sell,” a pitchman identified as “Eddie” said in remarks introducing Reid. “This gentleman is a legend — an absolute legend in the industry,” Eddie said. […]

UPDATED 5:05 P.M. ET (U.S.A.) Did One World One Website Inc. (OWOW) — the Phil Piccolo-associated company that appears to have been given some of the top positions in Text Cash Network (TCN) and recruited a huge downline with the knowledge of TCN management — try to fix its own problems last year by hatching […]

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 […]

AutoXTen, the absurd matrix cycler that came to life this summer even as the state of Oregon was issuing a public warning against pyramid schemes and ordering a $345,000 penalty against a cycler pitchman, has gone missing. The AutoXTen website is registered in the name of Jeff Long, an MLM huckster who sang the praises […]