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Assemblyman Schroeder Facing More Accusations

New Jersey Assemblyman Robert Schroeder was charged with writing almost $400,000 in bad checks last week.

State Assemblyman Robert Schroeder owes millions of dollars and may be facing sanctions from the federal government, according to reports on NorthJersey.com and NJ.com.

Schroeder was 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 . 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.

Have a question or news tip? Contact editor Jim Leggate at Jim.Leggate@patch.com, or find us on Facebook and Twitter. For news straight to your inbox, sign up for our daily newsletter.

Legal Notice August 12, 2012 at 11:24 PM
This guy and Hermansen No Thank You
Legal Notice August 12, 2012 at 11:27 PM
Like all the allegations against Wells Fargo stage coach driver and friend of Schroeder Hermansen accused of stock churning. There is no smoke without fire
scruffy August 15, 2012 at 11:56 AM
oldmantwp I owe you an apology obviously you knew about the Durso connection before it hit today's paper. What a MORON. Did he list these so called "loans" on his Financial Disclosure Forns for being in office.? He complains int he paper he did not get any interest on the first loan and yet he continued to let him borrow. Wow that says a lot about Durso! you just can't make up this stuff. How many more good old pals does Schroeder have lying around? Lots of skeletons in this closet.
oldmanwtp August 15, 2012 at 09:43 PM
scruffy: being old man twp I am almost always on the inside. DURSO is as guilty as Shroeder and as I said before, he should be made to resign. will bring this up again at election time don't worry about that. Then you have HRBEK with his comment. Now theres leadershiip huh. What a joke. WTP council is the laughing stock of Bergen County.
scruffy August 15, 2012 at 10:18 PM
Good for you old man twp. Time to light some fire under that Mayor and Council and get them to do something besides fight and make the town look bad. Not impressed with any of their comments and which one of them has the town paying for their insurance premiums thru the town? It is either Durso or Goetz, lot of nerve on that one. No one else ever did that before and frankly I bet no other town locally had anyone have the nerve to ask/demand that. He gets a stipend too to "serve the publlic". Heads deserve to roll after the investigation on Schroeder and I am afraid we have only seen the tip of the iceberg.

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