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February 6, 2017

Posted  February 6, 2017

New Jersey Assemblyman Robert Schroeder (R-Bergen) was sentenced to prison for stealing nearly $1.9 million from individuals who loaned him money for a business venture in North Dakota and writing over $3.4 million in bad checks to other creditors who loaned him money or provided goods and services for his various companies, including All Points International Distributors, Inc., which sold tents and prefabricated buildings to the U.S. military. Schroeder, 56, of Washington Township (Bergen County), was sentenced to eight years in state prison by Superior Court Judge Robert Reed in Somerset County. Schroeder pleaded guilty on Oct. 7 to a charge of second-degree misconduct by a corporate official. He must pay full restitution of $5,318,150 to his victims, and he is permanently barred from public office and public employment in New Jersey. Four companies that he operated also pleaded guilty in October. Each of those corporate defendants – All Points International Distributors, Inc.; Hercules Global Logistics, LLC; RS Consultants, LLC; and RGS Bergen, LLC – pleaded guilty to second-degree issuing bad checks. Each of the companies is jointly and severally liable with Schroeder for paying full restitution to the victims. NJ