Minneapolis (KROC AM Information) – A former southern Minnesota journey agency owner has admitted ripping off agents all-around the state in a scam involving nearly fifty percent a million bucks.
Pleading responsible in federal court docket in Minneapolis Wednesday was 45-yr-outdated Matthew Schumacher.
Prosecutors say Schumacher confident agents to use his companies (Journey Troops, LLC, and Family vacation Agent Nation, LLP, which had been host journey companies primarily based in Waseca) to acquire better commissions from airlines, resorts and other journey-connected corporations.
According to court docket files, Schumacher defrauded at least 36 brokers by misappropriating for his possess personal use and benefit at the very least roughly $484,000 in fee payments owed to them from vacation suppliers.
Prosecutors say Schumacher deposited $160,000 in a particular account, put in at minimum roughly $150,000 for his own journey expenditures, withdrew $33,000 in income and applied the revenue for particular expenditures that integrated cafe expenditures, auto and credit car or truck payments and StubHub ticket buys.
He will be sentenced at a afterwards date.
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