Assemblyman Schroeder Indicted on Theft of Millions, Misconduct Charges

Robert Schroeder allegedly stole $1.8 million from investors and wrote $3.4 million in bad checks for loan payments.

A grand jury indicted State Assemblyman Robert Schroeder Friday on charges that he stole $1.8 million and wrote bad checks valued at more than $3.4 million, according to Attorney General Jeffrey S. Chiesa.

Schroeder, 52, was charged with issuing bad checks, theft by deception, and misconduct by a corporate official. He faces five to 10 years in prison and fines of up to $150,000 for each of the three offenses.

State officials allege Schroeder wrote at least 47 bad checks to 12 individuals for payments on loans they had given him for his businesses. The checks were worth a total of $3,431,150, but the bank accounts they were drawn from, in the names of businesses Schroeder controls, did not have sufficient funds, authorities said. Numerous lawsuits have been filed against Schroeder since he was originally charged with writing bad checks to two investors in August.

Schroeder is also accused of stealing $1,887,000 from five individuals who believed they were investing in a housing project in North Dakota. He allegedly used the money for personal expenses.

“We allege that as the financial house of cards he built collapsed, Schroeder lied and stole in an attempt to prop it up, defrauding creditors of in excess of $5 million, between his theft of loan funds and passing of bad checks,” Chiesa said in a press release. “This indictment, which would carry a substantial prison sentence upon conviction, demonstrates that nobody is above the law.”

The Attorney General's Office also recently filed to which Schroeder allegedly used in the criminal scheme.

Several businesses owned by Schroeder have been named in the lawsuits and charges against him. Much of the focus has been on All Points International, a Hillsdale-based company which manufactures tents and other temporary structures. API has done most of its business with the military.

The U.S. Army has moved to ban Schroeder from doing business with the federal government because he allegely failed to deliver tents to a military base in Afghanistan and also allegedly failed to pay an Afghan subcontractor.

According to Chiesa, Schroeder began seeking loans when business with the Army dropped off. He allegedly wrote the 47 bogus checks over a period of less than three years.

In January, Schroeder also began searching for investors for the North Dakota project, according to Chiesa. He started another company, Hercules Global Logistics, which was supposed to supply the housing and other services for an oil drilling project there.

Schroeder is a Washington Township resident and representative of New Jersey's 39th District. He has been heavily involved in the community for years, volunteering as a member of the Washington Township Fire Department and serving on the township's council. He has also contributed hundreds of thousands of dollars to Republican political campaigns over the past decade and once considered a run for governor. He was elected to the New Jersey Assembly in 2010.

Several of Schroeder's colleagues, including District 39 Assemblywoman Holly Schepisi and Senator Gerry Cardinale, Bergen County Republican Organization Chairman Bob Yudin and Assembly Republican Leader Jon Bramnick, called for Schroeder to resign his seat in light of the charges.

"I do not believe he can continue to properly serve his constituents while facing these serious charges," Bramnick said in a press release.

Schroeder could not be immediately reached for comment.

Dana Egbert December 22, 2012 at 12:30 AM
My my...about time he got indicted. Yet it's the tip of the iceberg. When will he face lady justice regarding his N. Dakota scam???
scruffy December 22, 2012 at 01:21 AM
So now the republican leader speaks out to ask him to resign. What a joke. Will he finally do the right thing and resign or will he wait till he is in a jail cell?
Kelly McKensy December 22, 2012 at 02:24 AM
The worse thing is the Bergen Republicans have done nothing about all of the tainted political contributions they used to defeat the honest Bergen Democrats... Also what about the relationship between Assemblyman Schroeder and his friend who used to be the Wash. Twp. Muncipal Judge and after tons of political donations to County Ex. Donovan, she was appointed by Donovan to be a Central Municipal Court Judge.
B@B December 22, 2012 at 02:33 AM
This seems like a slap on the wrist. With a 5 year sentence, he could be out in 2.5 years and ready to swindle again. With a fine of up to $150K on each of three charges, that's $450K, when he got over $3 million in stolen money. This man is nothing but a common grifter. The public needs to be protected from this sociopath.
Mark Ruckhaus December 22, 2012 at 02:40 AM
No, the Republican leader said, "I do not believe he can continue to properly serve..." He doesn't BELIEVE (as if there might be doubt)? There's nothing to believe here. Schroeder is a crook and absolutely CANNOT serve his constituents because he was too busy serving himself. So, ship Bramnick away, too, for saying something other than "Schroeder should be sent right to ****ing jail."
Steve Sass December 22, 2012 at 03:31 AM
I hope the governor keeps his word. On August 6th he said “My position is very clear,” said the governor. “I don’t call on public officials to resign unless they are indicted by a grand jury. The charges filed are by criminal complaint based on an affidavit. A grand jury is much different.” We have our indictment. It is time for the Governor to Act. Perhaps we need people to send Christie an e-mail to remind him of his promise. Or hopefully Bob will do the honorable thing and resign.
B@B December 22, 2012 at 11:32 AM
If he was an honest man we would not have stolen money from people who trusted him.
B@B December 22, 2012 at 11:33 AM
That should be "HE would not have stolen money from people who trusted him"
Dumb O'Dumberer December 22, 2012 at 01:13 PM
"Honest Bergen Democrats"? Let's get serious now, there are as few honest Dems as there are honest Republicans. Politicians, investment bankers, lawyers... the root of all evil
Jeffrey Tammen March 03, 2013 at 03:11 PM
Yes Christie should up hold his comment stating that we should let the justice system do its job and if he is indicted he will remove him.well it's been more than a months and still nothing. My opinion of Christie will now change And my vote too.
Jeffrey Tammen March 03, 2013 at 03:16 PM
If this was me I would be locked up and the key thrown away.this explains why we are where we are with all the problems we have in the political scene


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