Judgments Against Assemblyman Schroeder Exceed $13M

Plaintiffs suing State Assemblyman Robert Schroeder have been awarded a total of more than $13 million by judges in New Jersey, court records show.

There were 14 judgments filed against Schroeder since February of last year, totalling $13,079,841.40 owed to different plaintiffs.

The amounts of the judgments vary greatly, from $24,794 awarded to Castlepoint National Insurance in December to $3.7 million awarded to Thomas Mascia earlier this month. The most recent judgment was filed January 24.

Schroeder was named as a defendant in all the suits, and several of his companies, including All Points International and Hercules Global Logisitics, were also named as defendants in many of the complaints. His wife was also named in some of the suits.

The majority of the complaints were filed in Bergen County, but courts in Mercer, Monmouth, Union and Middlesex Counties also each had complaints filed.

Schroeder was charged in August with writing bad checks to two investors and indicted by a grand jury in December on charges that he allegedly stole $1.8 million from investors and wrote bad checks for loan payments totalling another $3.4 million.

Many of the complaints tell a similar story to that alleged by the Attorney General's Office. Banks and individuals wrote that Schroeder had borrowed money from them and failed to repay the full sum. State officials alleged that Schroeder wrote at least 47 bogus checks for loan payments.

One plaintiff, Atlantic Stewardship Bank, alleged that Schroeder had committed fraud by failing to disclose millions in loans he had taken when applying for loans totalling $2.5 million from the bank.

The Attorney General's Office has also filed to seize property from Schroeder, including $1,500 cash taken during a police search and a 2005 GMC Yukon. 

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