Subscribe Register Login

Saturday, September 20, 2014, 3:08 p.m.
Top Picks - Capture Arkansas

N.J. lawmaker facing charges sees assets auctioned

This article was published March 13, 2014 at 5:32 p.m.

TRENTON, N.J. — Commercial assets belonging to a New Jersey lawmaker who is facing fraud charges have been auctioned off.

The Record reports six Bergen County commercial properties once owned by Robert Schroeder have netted more than $100,000 to be administered by the bankruptcy trustee investigating his finances.

The former assemblyman's properties were appraised at $3,745,000 and sold in U.S. Bankruptcy Court for $4.14 million.

The Bergen County Republican runs All Points International Distributors, a company that sells tents and huts to the U.S. military.

Most of the auction proceeds go to his largest secured creditor, the 100 Mile Fund.

Schroeder pleaded not guilty last March to charges he stole more than $1.8 million from individuals who loaned him money and wrote more than $3.4 million in bad checks to creditors.

Comments on: N.J. lawmaker facing charges sees assets auctioned

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

Subscribe Register Login

You must login to make comments.

TOP JOBS

  • Automotive technicians

    automotive technicians Experienced or Entry Level If you are...
    SEARCY, Arkansas

  • Finish heavy equipme

    Redstone Construction Group has the following positions avai...
    LITTLE ROCK, AR

  • Local driver

    Dancor Transit Inc. Seeking A Rogers AR Medical, Dental and...
    ROGERS, AR

  • Carriers

    carriers wanted potential monthly earnings from $1,000 to $1...
    Beebe, AR

  • Receptionist

    receptionist / administrative assistanttypical Duties:•Answe...
    LITTLE ROCK, AR

Search 884 jobs >

Top Picks - Capture Arkansas
Arkansas Online