BOSTON - A Manchester-by-the-Sea woman was arrested and appeared in U.S. District Court today to face fraud charges stemming from the conduct of her business as a travel agent.
Margaret Corrigan, 50, has been charged with two counts of wire fraud and one count of access device fraud. It is alleged that Corrigan, who sometimes operated under the business names Academic Travel Services and Walsh Travel Logistics, took funds from customers by both wire transfer and by check to pay for costs associated with the customers’ travel, but then failed to use the funds for those purposes. The indictment also alleges that Corrigan engaged in unauthorized transactions with customers’ credit cards.
Corrigan faces up to 20 years in prison on each of the wire fraud charges and 15 years in prison on access device fraud. She also faces a $250,000 fine and three years of supervised release on each of the counts.
Corrigan was released from custody on a $10,000 unsecured bond. No further hearing date has been scheduled at this time.
United States Attorney Carmen M. Ortiz; Steven D. Ricciardi, Special Agent in Charge of U.S. Secret Service, Boston Field Office; Malden Police Chief James J. Holland; and Manchester-by-the-Sea Police Chief Glenn F. McKiel made the announcement today. The case is being prosecuted by Robert Richardson of Ortiz’s Major Crimes Unit.
The details contained in the indictment are allegations. The defendant is presumed to be innocent unless and until proven guilty beyond a reasonable doubt in a court of law.