Schroeder claims he only has $100 in cash left

Embattled Assemblyman Robert Schroeder (R-39) claims to have little more than $100 in cash assets, office furniture and a few hundred dollars in jewelry to his name, according to published reports.

The state lawmaker, who was indicted last year on charges that he defrauded investors out of nearly $2 million and wrote millions in bad checks, claimed in court everything else is either being sold off or seized, according to The Bergen Record.

The newspaper reported six of Schroeder’s commercial properties are scheduled to be auctioned today and that the lawmaker still owes millions in real estate.

Schroeder claims he only has $100 in cash left