Assemblyman Schroeder Discloses 71 Creditors to Ethics Committee

Assemblyman Robert Schroeder has released a list of 71 creditors to whom he owes $25,000 or more, northjersey.com reported Wednesday.

Schroeder, of Washington Township, submitted the handwritten list to the state's Joint Legislative Committee on Ethical Standards May 15, according to the report.

The assemblyman has been sued numerous times since early last year, with plaintiffs including Atlantic Stewardship Bank, Lakeland Bank and Kearny Federal Savings Bank, among other banks, companies and individuals. Judgments against him have totaled millions of dollars.

The full list submitted by Schroeder to the ethics committee includes notable business owners and public officials from around the Pascack Valley area, elsewhere in New Jersey and even out of state, northjersey.com reported.

Schroeder is currently facing charges that he stole $1.8 million from investors for a nonexistent housing project and wrote bad checks worth $3.4 million for loan payments. He was indicted on the charges by a grand jury in December.

Schroeder reportedly took out many of the loans for his Hillsdale-based businesses, All Points International and Hercules Global Logistics. API was a military contractor which provided tents and other equipment for the U.S. Military. He was banned in February from doing business with the federal government until 2015 for allegedly failing to deliver on a contract and failing to pay a subcontractor.

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