Friday, December 21, 2012

New Jersey Assemblyman Robert Schroeder indicted

NJ Assemblyman Robert Schroeder - Bergen Record Photo

New Jersey Republican Assemblyman Robert Schroeder has been indicted on charges he allegedly stole more than $1.8 million from individuals who loaned him money for a business venture in North Dakota and for writing more than $3.4 million in bad checks to creditors, the Bergen Record reported this afternoon.

“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,” said Attorney General Jefferey Chiesa in a statement. “This indictment, which would carry a substantial prison sentence upon conviction, demonstrates that nobody is above the law.”

See the full story here

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