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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.

Robert Prol August 10, 2012 at 02:25 PM
Let's see... an alleged 400,000 in bad checks, 1,700,000 never paid back to investors, and another 1,500,000 not seen be another group of investors. A total of $3,600,000 of claims against him. This definitely sounds like a vast and well-orchestrated conspiracy to undermine a politician.
WT Dad August 10, 2012 at 03:03 PM
These are private business matters. Have you forgotten all the shady dealings of Bill & Hilary Clinton? Everyone associated with them either ended up in jail or dead. Look at Bob's records representing our town. He's always fought hard. That's what he was elected to do, and that's what we as citizens should care about.
scruffy August 10, 2012 at 04:20 PM
Really WT Dad? Wow so the good that he did should outweigh what we are coming to know that he has been living a lie and taking people's money left and right all while being an elected official who in that cpapacity swears to uuphold the laws of the town/county/state? Sorry, he is not getting a free pass for this behavior. He did alot of his good if you look back now withother people's money. People who are most likely out of luck now. He is a Bernie Madoff. As of today's paper he is accused of approx. 10 million in schemes. It is a shame to end his career this way but it is high time he resigned.
B@B August 10, 2012 at 05:21 PM
WT Dad, as soon as you invoked the Clintons, you lost your credibility. I'm not going to into details why your analogy is flawed right now, but it is. I realize it's hard to know that people you have admired have feet of clay, but in this case, you have to. Scruffy is correct, that it's starting to look like Schroeder's "good works" were done with borrowed and perhaps embezzled money. How much of his so-called good works were done out of the goodness of his heart and how much was for political gain? Are you saying that people who do "good works" should get a free pass when they break the law? Or only conservative Republicans? And by the way, this is a conservative Republican who made his fortune not in the so-called free market, but in government contracts. Now, I'm not aware of the "good works" Mr. Schroeder accomplished. Why not enlighten us?
WT Dad August 10, 2012 at 06:01 PM
I'm saying what the Clintons did with Whitewater and their other schemes make this look like chicken feed. Yet the American public (mostly democrats) voted him in. My point is the things he is being accused of so far do not involve any abuse of power or betraying the people he represents. If he's found guilty of course he should pay the crime like everyone else. I'm just saying it's a little early to be calling for his head until the facts come out. He's done a lot of good for this town over the years (do your own research). One example however is he recently lead a campaign to keep a killer off of our streets that was about to be paroled. Save your angry mob mentality for something more serious.
Robert Prol August 10, 2012 at 06:59 PM
Are you saying that his good works make the alleged damage to the victims irrelevant?
B@B August 10, 2012 at 08:03 PM
What exactly did the Clintons do with Whitewater, except lose money? The Clintons were never even arrested (unlike Mr. Schroeder). Whitewater was a scandal created by a bunch of people who refused (and still do refuse) to acknowledge the legitimacy of ANY non-Republican Party presidency. Again -- you are bringing up something completely irrelevant. If you're so knowledgeable about his good works, why is it that you can't enumerate them? I'm serious...some of us would like to know what they are. And by the way, a "campaign" to keep a child killer off our streets is shooting fish in a barrel. NO ONE was about to let a child killer out on parole. This was an easy thing for Schroeder to grandstand about and take credit for somehow doing something extraordinary.
scruffy August 10, 2012 at 08:51 PM
So WT Dad this is really in your mind, about what the Democrats have done and certainly not about the subject at hand. Sure he mounted a campaign regarding Ms. Montellaro's killer. Nice ? Sure. The testimoney of the cops had more impact on the panel I am sure then a campaign of signatures. Again that being said it does not lower the gravity of what is being unveiled every day. Like it or not this is not about Robert the good Township resident. This is about a man who conned many people. Obviously we the public are powerless but to wait for all the dirt to come out. He has the power to soften the blow on his family and those of who do know him and them wish he would. No one who knows him is taking satisfaction inthe unravelling of his career. He obviously got in way over his head and instead of getting proper help he just kept going and now with the economy and all being what it is the end has come to his shenanigans.
Falcon Fan August 10, 2012 at 09:04 PM
Can someone please tell me about all of the "good works" he has done.
Anobserver August 10, 2012 at 10:36 PM
I think the point WT dad is missing is the number of victims and people affected by Schroeder's actions. He preyed on people who trusted him because he is a public official. These people are your neighbors, small business owners and providers in the community. He broke every ethical and moral law by doing what he did. Based upon the number of lawsuits and the reports in the paper and the community, there is an amount well in excess of $10 million owed. Some of these people gave their life savings to him because of the trust he engendered precisely because he was a public official. He cannot now claim this is a "private matter". Yes I feel for his family but I also feel horrible for the numerous people in our community who are wondering whether they will ever see their money again.
scruffy August 11, 2012 at 12:43 AM
I totally agree Anobserver. From what I understand there are many more "victims" who are mom and pop business owners that he got to "loan" him money and they are afraid to speak up since he is still in office. Theya re afraid he will make some calls and that their business will get some heat from other officials. He used his position thru an implied nature and it is time to "man" up. If the word on the street is right there is a few million that is not being reported just on the losses to these people alone.
scruffy August 11, 2012 at 12:46 AM
I can only hpe that they will call the Tip Line and at least report it but I can also understand their hesitation to do so seeing some of the comments on here. The fear of people still backing himm up at this point is holding victims quiet. These are people who are out anywhere form 5,000 up. What a Ponzi Schemer.
TownshipResident August 11, 2012 at 01:30 AM
This all seems to be a business matter where investors were promised returns based on past performance of the company and then the bids, which should have won were turned down by a fickle US govt - it's happened to other companies throughout the years...As for the township, I remember Mr. Schroeder standing next to the salt sprayer truck with DPW employees and making a big deal of it - as far as I'm concerned, that was a Pink Elephant - I have yet to see that truck through all the snow storms over the last 2 years.
Anobserver August 11, 2012 at 01:34 PM
Wow the koolaid is strong in Washington Township. Township Resident, if it is solely a business matter why are people like Madoff sitting in prison? This is not the government's fault, this is not the investors fault....this is solely Mr. Schroeder's fault.
Ally Shuster Shea August 11, 2012 at 06:36 PM
It's not private when one legislature fails to report a loan to another legislature, that is breaking the law and republicans are not exempt from it. Bob must resign and he good deeds amongst the public safety community are now looked upon differently. Beregn republicans need to address these issues
resident August 11, 2012 at 11:01 PM
if it looks like a duck and quacks like a duck!!!!
Maureen August 12, 2012 at 03:12 AM
He Just Loves His Picture Taken!!!!!!
Maureen August 12, 2012 at 03:13 AM
then it is a duck!!!!!
Maureen August 12, 2012 at 03:14 AM
He should be locked up!!! Still trying to scam people.
Falcon Fan August 12, 2012 at 02:42 PM
Wow, blaming the Obama administration is pretty funny. I guess pulling troops and ending an illegal and unnecessary war in Iraq, then eradicating the most wanted man in the world has been a bad thing. Romney, Ryan, Christie, Schroeder. Perfect together. This is how the rich get richer.
oldmanwtp August 12, 2012 at 08:27 PM
You can't be a little pregnant. Fact: he has already admitted his wrong doing. Because he is a state assemblyman, he is in the public eye and is always under the microscope. He is out and must resign even tho the paper says he is not going to. My problem is that other political figures involved with him should also go. I was told that Councilman DURSO is business partners with Bob. DURSO should be made to resign.
scruffy August 12, 2012 at 09:08 PM
In due time we will find out all the players. Let's not throw around names until we see them in black and white print. So far the only one who has been declared is Assemblywoman Schepisi.
Russ August 12, 2012 at 10:31 PM
Please resign now. Obviosly more criminal evidence is being uncovered, so his time cannot be used for the voters as he has to mount a defense. It is amazing how he has been admired in WT while being generous using other peoples money. If he is innocent, he can resume his political career afterwards. But it now appears that all the money and contributions he mishandled we're used mostly for his own political gain. Please resign.
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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