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'''Robert 'Bob' Schroeder''' (born February 16, 1960) is an American businessman and [[Republican Party (United States)|Republican Party]] politician who served in the [[New Jersey]] [[New Jersey General Assembly|General Assembly]] from 2010 to 2014, where he represented the [[39th Legislative District (New Jersey)|39th Legislative District]], having taken the seat of retiring incumbent [[John E. Rooney (politician)|John E. Rooney]]. He is currently serving an eight year sentence in state prison.
==Background==
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*Assemblywoman [[Holly Schepisi]]
==Criminal charges and conviction==
On August 3, 2012, Schroeder was charged by the [[New Jersey Attorney General]]'s Office with passing bad checks, a second-degree felony that carries a potential prison term of up to 10 years and a $150,000 fine. The charges are related to Schroeder allegedly writing nearly $400,000 in bad checks to two investors in his distribution company, All Points International Distributors LLC, which sells tents and prefabricated buildings primarily to the U.S. military. Furthermore, creditors have filed at least six federal lawsuits against All Points, according to court records, and there are a half-dozen lawsuits against the company pending in state courts. At least three creditors, including the Internal Revenue Service, obtained judgments against Schroeder or his business totaling more than $200,000, according to court records.<ref>Baxter, Christopher. [http://www.nj.com/news/index.ssf/2012/08/state_police_at_assemblyman_bo.html "Assemblyman Robert Schroeder charged with passing bad checks"], ''[[The Star-Ledger]]'', August 3, 2012. Accessed August 7, 2012.</ref><ref name=Record2012>Hayes, Melissa; Patberg, Zach; and Harris, Chris. [http://www.northjersey.com/news/recordpolitics/State_police_at_Assemblyman_Shroeders_Washington_Township_home.html "NJ assemblyman Robert Schroeder on writing bad checks: 'I made a mistake'"], ''[[The Record (Bergen County)]]'', August 3, 2012. Accessed August 7, 2012.</ref><ref>Hayes, Melissa; Harris, Chris; and Stile, Charles. [http://www.northjersey.com/topstories/washingtontownship/GOP_lawmaker_Robert_Schroeders_political_career_shaeped_by_money.html?page=all "GOP lawmaker Robert Schroeder's political career shaped by money"], ''[[The Record (Bergen County)]]'', August 12, 2012. Accessed August 12, 2012.</ref> As reported in ''[[The Record (Bergen County)|The Record]]'' in response to the charges, Schroeder that "I made a mistake, I apologize," and that the checks that bounced had been written under the assumption that a payment from the United States Army had been wired into his account. Schroeder said that his business had faced a drop in sales in recent years, stating that "Business has been in decline during the Obama administration."<ref name=Record2012/>
On December 20, 2012, Schroeder was indicted by the state Attorney General on three charges, for deceiving five people who loaned him $1.9 million for a venture to provide housing for a North Dakota oil drilling project, and for writing 47 bad checks totaling $3.4 million to twelve other creditors.<ref>{{cite news |url=http://www.nj.com/politics/index.ssf/2012/12/nj_lawmaker_schroeder_indicted.html |title=N.J. lawmaker Schroeder indicted for alleged multimillion-dollar loan scheme |first=Christopher |last=Baxter |publisher=[[NJ.com]] |date=2012-12-20 |accessdate=2017-02-08}}</ref> On October 7, 2016, soon before his trial was to begin, Schroeder entered a plea deal, pleading guilty to a charge of second-degree misconduct by a corporate official, and to a separate charge of issuing bad checks on behalf of his companies. A third charge of theft by deception was dismissed as part of the plea deal. Schroeder was required to pay back the entire $5.3 million to his victims, and he was barred from public office or public employment in New Jersey.<ref>{{cite news |url=http://www.nj.com/somerset/index.ssf/2016/10/ex-assemblyman_pleads_guilty_to_theft_misconduct_c.html |title=Ex-N.J. assemblyman pleads guilty to $5.3M fraud scheme |first=Patti |last=Sapone |publisher=[[NJ.com]] |date=2016-10-07 |accessdate=2017-02-08}}</ref> On February 6, 2017, Schroeder was sentenced to eight years in state prison. Under his plea deal, he must serve at least three years before being eligible for parole.<ref>{{cite news |url=http://www.nj.com/somerset/index.ssf/2017/02/ex-nj_assemblyman_sentenced_to_8_years_in_53m_ponz.html |title=Ex-Assemblyman sentenced to 8 years in $5.3M ponzi scheme |first=Dave |last=Hutchinson |publisher=[[NJ.com]] |date=2017-02-06 |accessdate=2017-02-08}}</ref>
==References==
{{reflist}}
==External links==
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