Friday, May 24, 2013
The Washington Township-based bank had filed seven lawsuits against Assemblyman Robert Schroeder over unpaid loans.
The Washington Township-based Oritani Bank has sold the debt owed to it by Assemblyman Robert Schroeder to a private equity fund. The bank filed seven lawsuits against Schroeder last year for unpaid mortgages on several propeties, with the alleged debt totaling more than $3.5 million. Procida Funding, of Englewood Cliffs, purchased the debt for it's "100 Mile Fund," CEO William Procida confirmed. Neither Procida nor his attorney in the case, Gary Redish, would confirm the amount paid for the debt. Redish, who had previously represented Oritani in the seven lawsuits, said they had already received judgments on three of the foreclosures. Procida said that Schroeder's other legal and financial troubles were not an influence on the decision …
Thursday, May 16, 2013
A Harrington Park resident claims Robert Schroeder never made payments on three loans from last year.
Another civil lawsuit has been filed against Assemblyman Robert Schroeder of Washington Township. Harrington Park resident Phillip Corvelli alleges in a complaint filed in Hackensack April 30 that he made three loans to Schroeder totaling $245,000 in May and June of 2012. Corvelli is seeking more than $339,000 for the loans, interest and his court costs. The loans were initially due back that July, but the two agreed to extend the deadline to August, according to the complaint. The three checks from Hercules Global Logisitics that Schroeder gave to Corvelli were allegedly all returned for insufficient funds, just weeks after the assemblyman was charged with writing bad checks to a pair of investors. No payments have been made on the loans…
Thursday, April 18, 2013
Dolpack, LLC alleged Schroeder failed to repay a $100,000 loan.
A recent lawsuit filed against Robert Schroeder alleges the state assemblyman failed to pay back a $100,000 loan last year. According to the complaint filed March 15, Dolpack, LLC of Albany, N.Y. loaned Schroeder $100,000 in June 2012 with an agreement that he would pay back $120,000 July 23 that year. On July 27, the parties agreed to extend the maturity date of the loan to August 28, when $135,000 would be due, instead, according to the complaint. Schroeder was charged with allegedly writing about $400,000 in bad checks just days later on August 3. The company alleged Schroeder failed to inform them he and his companies were "deeply indebted to several creditors, were defendants in several pending litigations, and were not going to be …
Monday, April 8, 2013
Provident Bank filed to have a court decide who is entitled to the funds.
The owner of a $300,000 wire transfer from a Dubai-based company is being disputed by State Assemblyman Robert Schroeder and Dinis DeAlmeida of LDA Corportation, who both claim to be entitled to the money, according to a complaint filed by Provident Bank March 22. Provident filed the complaint seeking an order to have an interpleader, a procedure in which a party holding property requests a court determine who that property should be given to. The bank is also seeking to have its attorney and court costs covered. API received a wire for $307,581.50 on January 4 in their account at the Nanuet, N.Y. Provident Bank branch, according to the complaint. The payment came from Prolog Solutions, a Dubai-based company which provides "logisitic …
Friday, March 29, 2013
Three creditors have filed a petition to put Robert Schroeder into an involuntary bankruptcy.
State Assemblyman Robert Schroeder may be forced into bankruptcy. Three creditors — Quincy Wong and Nicolas Bedural of Mahwah and Joseph Marra of Brick — filed a petition in U.S. Bankruptcy Court in Newark Thursday to force Schroeder, of Washington Township, into involuntary Chapter 7 bankruptcy. Under bankruptcy code, a person can be involuntarily forced into bankruptcy if they have 12 or more creditors, and at least three of those creditors with claims totalling at least $14,425 file a petition. Neither Schroeder nor the creditors could be immediately reached for comment. He has 21 days to contest the petition. Schroeder has been the target of numerous lawsuits over the past year for money he has allegedly owed. Judgments against …
Friday, March 1, 2013
Robert Schroeder would have to forfeit his seat in the New Jersey State Assembly as a condition of the deal.
State officials offered New Jersey Assemblyman Robert Schroeder a plea deal for the charges that he swindled $1.8 million from investors and wrote bad checks worth $3.4 million for loan payments during an arraignment hearing Friday morning. Deputy Attorney General Veronica Allende offered Schroeder a sentence of five years in state prison if he pleads guilty to the second degree offenses of writing bad checks and theft by deception. As conditions of the plea, Schroeder would have to agree to pay back about $5 million in restitution, forfeit his State Assembly seat and agree to be barred from ever holding public office again. Schroeder, a Washington Township resident who represents District 39 in the Assembly, declined to comment. Judge …
Monday, February 25, 2013
Robert Schroeder and two of his businesses have been debarred until September 2015 because they allegedly failed to deliver tents to a military base and to pay a subcontractor.
State Assemblyman Robert Schroeder was banned from doing business with the federal government this month, according to a report on NJ.com. In a letter to Schroeder, Army Suspension and Debarment Official Uldric Fiore wrote that he decided to debar the assemblyman and the two businesses until September 20, 2015. Schroeder had been suspended from doing business with the government last fall because he and two of his businesses, All Points International and Hercules Global Logistics, allegedly failed to deliver tents to a military base in Afghanistan. They also allegedly failed to pay a subcontractor $158,000. The companies "demonstrated a history of willful failure to perform under the terms of their government contracts, and engaged in acts…
Wednesday, January 30, 2013
The legislation was introduced following the indictment of Assemblyman Robert Schroeder.
A bill introduced into the New Jersey State Assembly this week would suspend any lawmakers who are indicted on criminal charges. The bill (A-3732) would also prevent indicted members of the assembly from receiving their salary and benefits from the position pending their conviction or exoneration. The bill was introduced by Assemblywoman Nancy F. Muñoz (R, Morris, Somerset and Union), who was named the deputy Republican whip this month, replacing Assemblyman Robert Schroeder. Schroeder was removed from his position as deputy Republican whip and from all his committee assignments earlier this month. Last month, a grand jury indicted Schroeder on charges that he allegedly stole $1.8 million from investors and wrote bad checks for loan …
Monday, January 28, 2013
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…
Monday, January 14, 2013
Assembly Republican Leader Jon Bramnick requested Robert Schroeder be removed from the committees he was a member of after Schroeder was indicted for financial crimes last month.
Committee assignments to State Assemblyman Robert Schroeder have been revoked, a Republican spokesman confirmed Monday. Assembly Speaker Sheila Oliver, a Democrat, removed Schroeder from his assignments after Republican Leader Jon Bramnick called requested the move. Bramnick had also called for Schroeder to resign his seat after a grand jury indicted him for financial crimes totalling millions last month. "I do not believe he can continue to properly serve his constituents while facing these serious charges," Bramnick previously said. Schroeder has served on the financial institutions and insurance committee, the homeland security and state preparedness committee and the special committee on economic development, according to his website. …
21st century concerned citizen
5:32 pm on Friday, May 24, 2013
Good Now they can foreclose on all of his assets! Next will be an HBO movie which will be a sequel to "Catch Me if You Can" more ›