Ex-Fiat Chrysler Executive Accused of Siphoning Millions With Union Leader
The executive, Alphons Iacobelli, 57, who suddenly retired from Fiat Chrysler in 2015, used money the company put into a union account to pay for a $350,000 Ferrari 458 Spider, two gold Montblanc pens each worth $35,700, a swimming pool
and new kitchen for his home in Rochester Hills, Mich., from 2012 to 2014, according to a 42-page indictment from the United States attorney’s office for the Eastern District of Michigan.
By NEAL E. BOUDETTEJULY 26, 2017
The former head of labor relations at Fiat Chrysler Automobiles was indicted on conspiracy
and other charges by a federal grand jury on Wednesday, accused of siphoning off millions of dollars from a workers training center to pay for lavish travel, gifts, home improvements and other expenses for himself and his main negotiating partner at the United Automobile Workers union.
in October 2013, when union officials began investigating hundreds of thousands of dollars in expenses
and transfers linked to a union training center, according to the indictment.
These included $262,219.11 to pay off the mortgage on a home owned by the Holiefields, as well as first-class plane tickets for Ms. Holiefield,
and tens of thousands of dollars in cash transfers to companies she managed.
A decade ago, Volkswagen was rocked by scandal when it was revealed
that the company’s top worker representative and a senior labor executive had used company accounts to pay for prostitutes, international travel and expensive wines.
