GM Dumps Former FCA Executive Who Allegedly Spent $37,500 on a Single Pen

Matt Posky
by Matt Posky
gm dumps former fca executive who allegedly spent 37 500 on a single pen

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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4 of 22 comments
  • Rpol35 Rpol35 on Dec 16, 2017

    "and two Mont Blanc pens worth $37,500 each." But did they write under whipped cream?

  • ToddAtlasF1 ToddAtlasF1 on Dec 16, 2017

    I'd love to see his golden parachutes quantified.

  • Islander800 Islander800 on Dec 16, 2017

    To heck with the "$37.5K" pens headline, what about the MILLIONS he likely shafted GM labor of, with his serial behavior? There's a special circle in Hell for these cynical, self serving "executive" jerks. But first, he should spend major time behind bars - plus restitution.

  • Flybrian Flybrian on Dec 17, 2017

    Wow. And all that money saved by spelling it GAGE goes down the drain... Seriously, notice how every single one of these high-level schmucks from the garbage department of FCA is a self-aggrandizing carpetbagger?