BY TOM CLANCEY
OF PASCACK PRESS
PASCACK VALLEY – He has gone from state assemblyman to state inmate.
Disgraced former politician Robert “Bob” Schroeder of Township of Washington was sentenced to eight years in jail by Superior Court Judge Robert Reed of Somerset County on Feb. 6, nearly four-and-a-half years after after the Republican who once represented local Pascack Valley communities in Trenton was first charged with writing bad checks.
“As Schroeder’s business ventures failed, he solicited creditors to prop him up financially, lying to them about how their funds would be used and his ability to repay them,” said Attorney General Porrino. “He built a house of cards on his status as an elected official and then let his creditors suffer the losses when it all came crashing down. This prison sentence sends a strong message that nobody is above the law.”
Schroeder pleaded guilty on Oct. 7 to a charge of second-degree misconduct by a corporate official. He must pay full restitution of $5.31 million to his victims and he is permanently barred from public office and public employment in New Jersey, the state attorney general’s office said.
“Schroeder’s descent from a respectable assemblyman to a convicted criminal was the result of choosing to lie, deceive, and steal as a way to save his struggling companies,” said Col. Rick Fuentes, Superintendent of the State Police. “The eight-year prison sentence and permanent ban from public office and public employment in the state sends a clear message that we will not tolerate corruption in New Jersey.”
Schroeder wrote at least 47 bad checks totaling about $3.43 million to 12 individuals who gave him loans and two companies that provided him with goods or services, knowing he did not have sufficient funds to cover the checks, the state AG’s office said.
NJ Advanced Media reported Schroeder was handcuffed and led away to begin serving his prison term at the conclusion of his sentencing hearing.