Apr 9, 2011
American Expense Analytics (AEA) is the third in a string of schemes initiated by Darren and Darryl Oliver of Colorado Springs, Colorado. AEA follows AmCorp Management (http://800notes.com/Phone.aspx/1-866-569-4303) and TRG (http://www.ct.gov/dob/cwp/view.asp?a=2246&q=314902) as a franchise/business opportunity scheme backed by the Olivers. AEA, like AmCorp and TRG promise you commissions based on sales of expense and tax recoveries from corporations. They overstate the opportunity, then collect the upfront franchise fees. Hundreds of victims will tell you it is very difficult if not impossible to make an honest living off of the expense recovery commissions. The only people to make money on this scheme are the Olivers and those unknowingly recruit others to buy into it. When the scheme becomes common knowledge, they close the company and open under a new name without refunding any of the franchise fees or paying commissions due. AEA is the Oliver's latest scheme, this time fronted by the Burke brothers as the Oliver name has become too well known. Make no mistake, AEA is backed by the Olivers as proven by the whois database which shows the Olivers own and host the AEA website. AEA is also lead by Al Branca, a key figurehead in the AmCorp scheme and recently implicated in a New Jersey mortgage fraud scam (http://www.nj.gov/oag/newsreleases09/071509-BIRMCO-Complaint.pdf).
If you have been a victim of any of these three schemes, please file reports with the State of Colorado Attorney General's Office (https://www.coloradoattorneygeneral.gov/depar ... _complaint_form) and the Federal Trade Commission (https://www.ftccomplaintassistant.gov/). Note: In an odd twist, Darren's wife Sara Oliver works for the Colorado Attorney General's Office.