NJ Lawmaker Loses Leadership Post Amid Loan-Theft Charges

Law360, New York (January 15, 2013, 7:26 PM EST) -- A New Jersey lawmaker was stripped of his leadership duties in the legislature Monday after being charged in December with defrauding creditors out of $5.3 million by stealing loans and writing bad checks, according to a spokesman for Assembly Republicans.

Assemblyman Robert Schroeder, R-Bergen, was removed from his committee assignments, which included the homeland security and labor committees, and relieved of his duties as deputy Republican whip. Assembly Speaker Sheila Oliver, D-Essex, agreed to remove Schroeder from his position following a request from Assembly Republican leader...
To view the full article, register now.