Wednesday, December 19, 2012
New Jersey wants to seize funds and property from State Assemblyman Robert Schroeder following an allegation Schroeder laundered money, passed bad checks and conspired to commit crimes.
State Assemblyman Robert Schroeder laundered money, passed bad checks and conspired to swindle more than $5 million in a criminal scheme, New Jersey officials allege in a complaint filed by the Attorney General's Office December 10. Deputy Attorney General Derek A. Miller is seeking to seize more than $1,500 and a vehicle which Schroeder allegedly used in his scheme. Schroeder would obtain loans and, when payments were due, issue checks from at least 10 different businesses he owned or controlled, according to the complaint. The checks were returned due to insufficient funds and the loans remained unpaid. "At no time did Schroeder have sufficient legitimate sources of income to repay these loans as promised to the lenders," officials wrote…
Friday, December 14, 2012
The complaint alleges Assemblyman Robert Schroeder failed to make payments on a $900,000 loan.
Another bank has sued State Assemblyman Robert Schroeder. Attorneys for Kearny Federal Savings Bank, of Fairfield, filed a complaint November 13 which alleges Schroeder has failed to make payments on a mortgage since May. The bank gave Schroeder a $900,000 loan for 100-101 West Street in Hillsdale in August 2009, according to the complaint. Schroeder was supposed to make monthly payments on the mortgage until 2034, but allegedly stopped making them earlier this year. The complaint did not specify how much money was still owed. Attorneys did not return requests for comment. Schroeder, a Washington Township resident, has been sued numerous times this year by banks and others who claim he has failed to make payments on loans. State officials …
Monday, December 3, 2012
The U.S. Army is seeking to prohibit State Assemblyman Robert Schroeder and his companies from doing any business with the federal government because of alleged poor performance for work in Afghanistan.
The U.S. Army has moved to debar State Assemblyman Robert Schroeder from doing business with the federal government, according to a report on BusinessWeek.com. The decision follows a suspension of Schroeder and his two Hillsdale-based companies, All Points International Distributors (API) and Hercules Global Logistics, by the Special Investigator General for Afghanistan Reconstruction (SIGAR) because he allegedly failed to deliver tents to a military base in Afghanistan and failed to pay about $155,000 to an Afghan subcontractor. The U.S. government paid API $617,000 for the aircraft maintenance tents, according to a quarterly SIGAR report. Debarred contractors are prohibited from doing any business with the federal government, including "…
Tuesday, October 9, 2012
Two Hillsdale-based companies owned by Assemblyman Robert Schroeder have been suspended from doing business with the government and are facing possible eviction due to unpaid rent.
The U.S. Army has suspended all business with two companies owned by State Assemblyman Robert Schroeder, according to a report on NJ.com, and a bank which gave Schroeder mortgages for two Hillsdale properties used by the companies filed complaints to evict them Tuesday. The Army alleged the companies, All Points International and Hercules Global Logistics, failed to pay subcontractors and deliver tents for work in Afghanistan, according to the report. API previously protested the loss of two government bids, according to records from the Government Accountability Office. 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 …
The bank alleges Schroeder has failed to pay back a $500,000 loan.
Lakeland Bank is suing State Assemblyman Robert Schroeder after he allegedly failed to make payments on more than $500,000 he owes the bank, according to a complaint filed last week. The bank loaned Schroeder $500,000 in May 2011, with a maturity date of July 2012, according to the complaint. The bank is now demanding the full sum of the outstanding loan with interest, about $506,000, because Schroeder was allegedly late making payments. Schroeder and a company, 725 Broadway LLC, were named as defendants in the suit. "Schroeder failed to repay the principal and interest due under the loan documents," according to the complaint. Attorneys for Lakeland Bank and Schroeder did not respond to requests for comment Monday. State officials charged…
Wednesday, September 5, 2012
Atlantic Stewardship Bank filed a complaint against State Assemblyman Robert Schroeder for $2.5 million in loans.
State Assemblyman Robert Schroeder allegedly failed to disclose millions of dollars worth of loans to Atlantic Stewardship Bank when applying for loans there, according to a complaint filed last Thursday. The bank alleges it loaned $2 million to Schroeder in September of 2010 and later extended the loan to $2.5 million. When Schroeder borrowed the money, he did not disclose loans from other lenders totalling more than $5.6 million — lent between April of 2007 and March of this year — according to the complaint. "The borrowers commited fraud on the bank," according to the complaint. Schroeder was due to pay back the first $1 million plus interest last month, along with another $500,000 and interest in September, October and November. The …
Thursday, August 23, 2012
The Washington Township bank alleges State Assemblyman Robert Schroeder failed to make payments on more than $3.5 million in loans.
The Washington Township-based Oritani Bank filed seven lawsuits against State Assemblyman Robert Schroeder Monday, alleging Schroeder owes more than $3.5 million on defaulted loans. The bank loaned Schroeder's company, RS Consultants, $1.5 million in 2006 and also provided mortgages totalling another $1.2 million for four properties Schroeder owns, including two in Park Ridge and two in Westwood, according to the complaints. Oritani gave a $640,000 loan in 2007 to All Points International, Schroeder's Hillsdale-based company. They also provided him with a $532,000 mortgage in 2010 for a property he owns in Hillsdale. Schroeder failed to make payments due August 1, according to six of the complaints. Gary Redish, the attorney representing …
Wednesday, August 15, 2012
The complaint filed this week alleges Schroeder gave D'Urso three bogus checks and never repaid more than $330,000 in loans.
Washington Township Council Vice President Joseph D'Urso filed a lawsuit against State Assemblyman Robert Schroeder this week, alleging Schroeder never paid back more than $330,000 in loans and that he gave D'Urso several checks which bounced. D'Urso's complaint describes the relationship between the D'Ursos and Schroeder, which goes back more than 20 years. In 2008, the D'Ursos made three loans to Schroeder totalling $500,000. Schroeder returned the money, but never paid the interest, according to the suit. Schroeder then began requesting money "on an almost weekly basis," according to the complaint. The D'Ursos made numerous loans to Schroeder, most of which were repaid. The complaint describes Schroeder as "a master of lofty but mostly …
Tuesday, August 14, 2012
State Assemblyman Robert Schroeder was charged with writing almost $400,000 in bad checks.
Officials from the Bergen County Democratic Committee called for Assemblyman Robert Schroeder to resign from his seat and for county Republicans to return money contributed by Schroeder Monday. Schroeder was charged with writing almost $400,000 in bad checks August 3. He previously said he would not give up his seat. "He has abused the integrity of the office we entrusted in him inorder to borrow millions of dollars from unsuspecting friends, neighbors and associates," District 39 Democratic Chairman Todd Sherer said in a press release. "I do not see how he can fulfill the duties for which he was elected and he should resign immediately." Since he was charged, other investors in Schroeder's two Hillsdale-based companies, All Points …
Friday, August 10, 2012
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 charged with writing almost $400,000 in bad checks 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…
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2:09 pm on Sunday, December 30, 2012
Resident: maybe it's time to set up a Meetup in a nearby town. more ›