A New Jersey state lawmaker who once ran for governor has been indicted in connection with an alleged scheme to defraud lenders.

New Jersey Legislature

Assemblyman Robert Schroeder is accused of stealing more than $1.8 million from individuals who loaned him money and writing more than $3 million in bad checks to other creditors.

In the indictment handed up Friday, he faces one count each of writing bad checks, theft by deception and misconduct by a corporate official.

Each count is punishable by a sentence of five to 10 years in state prison upon conviction.

Schroeder, a former volunteer fire chief who sought the Republican gubernatorial nomination in 2005, was first elected to the Assembly in 2009. He serves as the body's deputy Republican whip.

Schroeder couldn't immediately be reached for comment.


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