NJ Lawmaker Indicted In $5.3M Fraud Case

Law360, New York (December 21, 2012, 8:09 PM EST) -- A New Jersey lawmaker was indicted Friday on charges of stealing nearly $1.9 million in loans for a housing venture and writing more than $3.4 million in bad checks to other creditors that gave him loans or did business with his companies, including a military contractor.

The three-count indictment from a state grand jury charges state Assemblyman Robert Schroeder, R-Bergen, with issuing bad checks, theft by deception and misconduct by a corporate official, according to New Jersey Attorney General Jeffrey S. Chiesa. State authorities previously had...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.