.

Judgments Against Assemblyman Schroeder Exceed $13M

Judges have found in favor of plaintiffs suing State Assemblyman Robert Schroeder 14 times over the past year.

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. 

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.

Smile January 31, 2013 at 03:59 PM
I didn't comment at all on your opinion of Schroeder just the description of his wife (totally uncalled for) and the mention at all of his children. There hasn't been one report that his wife was involved in anything connected to any of the reported cases and kids are off limits.
sick and tired January 31, 2013 at 09:59 PM
Didn't say a thing about the kids only the luxury lifestyle they all were living I know kids are innocent and not involved and from what I have heard she may have known something was up, how do you not know where all that money is coming from???? You must not be married, I know every penny my husband earns and spends!!!
sick and tired February 01, 2013 at 12:32 AM
That's okay that's your opinion and I have mine.....more dirt will be coming out soon
Westwoodian since '91 February 01, 2013 at 02:18 PM
I find it ironic that folks of Township are so quickly to blame the BOE for lower housing prices in their town. Perhaps their ire should be directed at the the do-nothing local government that is always in the news with embarrassing headlines or local Assemblyman Schroeder alleged financial misdeeds. Township needs to get to the poles this fall, clean their house, and get some new blood into the town. THAT will help your housing prices. IHMO!
TWP. Guy February 03, 2013 at 12:41 PM
Why hasn't the government investigated how he and his female partner (not wife) in his other business of obtaining local real estate is not tied to this whole mess. Obvious to me, he was expecting large turnover proffits in a bad market. Watches too much reality TV shows like "PROPERTY VIRGINS" I beleive the scam company involes some one named Zaccaria or something the paper mentioned.

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »