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Assemblyman Schroeder Claims Limited Assests, $100 in Cash

Robert Schroeder owes millions of dollars, according to court documents.

Asm. Robert Schroeder. File photo.
Asm. Robert Schroeder. File photo.
Assemblyman Robert Schroeder testified that he had just $100 in cash and assets totaling less than $15,000 in value during a bankruptcy case hearing, The Record reported Wednesday.

Schroeder, whose term in the Assembly ends in a few weeks, has been indicted on charges he allegedly stole $1.8 million from investors and knowingly wrote bad checks worth $3.4 million. He is also in the midst of a forced bankruptcy case, reportedly owing millions to creditors.

He wouldn't say how he pays for the leases of three family cars and also still owns properties in Washington Township and Toms River, according to the report. Six other commercial properties owned by Schroeder were scheduled to be auctioned Wednesday.

Schroeder filed earlier this fall to have the indictment dismissed because "parts of the three-count indictment improperly aggregate the alleged offenses." He's due back in court this month.
B@B December 04, 2013 at 11:07 AM
Time for him to sell his palazzo on the lake, pay off his mortgage and stop pretending he is the King of Washington Township.
Pete m December 04, 2013 at 05:49 PM
Just amazing how he can screw so many friends or so called friends and neighbors and still walk around town him and his wife Tina and think they have done nothing wrong. The government should check how he is paying for all the cars and college and all other expenses. Just goes to shows the system is broke and people like Schroeder can get away with it he probably will not do a day behind bars and laugh all the way to the bank.
Dana Egbert December 05, 2013 at 08:27 PM
It disgusts me seeing this guy not in jail and losing every single thing he owns taken from him. It says a lot about politicians that he was allowed to stay in office for his entire term, rather than having to resign or be impeached. What's absolutely shocking to me is I have yet to hear if he will be facing federal charges of fraud, since he flew people to North Dakota, pretended to own a piece of land with the purpose of putting trailers there for workers. Since it wasn't his property, and he crossed state lines with the intent on defrauding people, how is this not a federal offense? Must be nice to be connected like that, since I have no doubt a regular Joe would have been in prison a very long time ago.
resident January 05, 2014 at 06:28 PM
what's are assests.. oh i get it... an asset.. maybe he has lots of them and only 100 on assests
Jeffrey Tammen January 13, 2014 at 09:32 PM
What is so amazing is they have bob Schroeder to be one of the most notable people in Washington township in the info on wash twp. Pretty sad to have that name there . They should remove it also they still allow him to be a volunteer fighter with a record amazing

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