Assemblyman Schroeder Facing More Accusations
New Jersey Assemblyman Robert Schroeder was charged with writing almost $400,000 in bad checks last week.
Schroeder was charged with writing almost $400,000 in bad checks last week. At the time, Attorney General Jeffrey Chiesa said the state would continue their investigation and asked others who had bad financial dealings with Schroeder to come forward.
Since then, more details about Schroeder's dealings have been uncovered. The District 39 assemblyman, who owns a house valued at more than $1.1 million and contributed more than $400,000 to state, county and local politicians between 2001 and 2011, has been the target of more than a dozen lawsuits since last year, court records show.
In one case, Schroeder allegedly never paid back $1.7 million to a pair of investors, according to a report on NJ.com. In another, a group of investors said they never received $1.5 million which Schroeder had apparently paid to one of the group's principals, rather than the group itself, according to the report.
Schroeder said his Hillsdale-based companies, All Points International Distributors and Hercules Global Logistics, LLC had been having "tough times" during the Obama administration, according to a report on NorthJersey.com.
API and Hercules "primarily" work for the military, according to API's Patch directory listing. Since 2010, records show that API protested the loss of two government bids when they provided the lowest price. In the first, officials at the General Services Administration picked a more expensive bid because they were not happy with the features offered by API's products. In another case, GSA officials picked another bid over API's because they were unhappy with the company's past performance.