By on December 15, 2017

 

Ren Cen. GM

General Motors has decided to cut ties with Alphons Iacobelli, the former Fiat Chrysler Automobiles labor relations chief accused of embezzling funds earmarked for worker training. That money is believed to have gone into extensive home renovations, the installation of a pool, personal credit card expenses, the leasing of a private jet, a $350,000 Ferrari 458 Spider, and two Mont Blanc pens worth $37,500 each.

While GM suspended Iacobelli in July (after federal officials charged him for his alleged role in a multi-million dollar criminal conspiracy during his time at FCA), it only recently confirmed his departure from the company. 

Automotive News is reporting he may have been fired several months ago. However, General Motors has declined to comment on the specific details or timing of the separation. David F. DuMouchel, an attorney for Iacobelli, has likewise declined to disclose his client’s employment status.

GM hired Iacobelli as executive director of labor relations in January 2016, roughly seven months after he left FCA in June of 2015 under vaguely suspicious circumstances.

Iacobelli is one of four people charged in a case involving the misuse of $4.5 million intended for the UAW-Chrysler National Training Center’s employee programs. The other defendants include retired UAW associate director Virdell King, former FCA financial analyst Jerome Durden, and Monica Morgan, the widow of UAW Vice President General Holiefield.

 

[Image: Michael Kumm/Flickr (CC BY 2.0)]

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