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.

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Busted: Former FCA Analyst Pleads Guilty to Conspiracy

Automotive conspiracies are all the rage right now. However, my current favorite is the cooperative machinations between Fiat Chrysler employees and UAW representatives to embezzle millions from a joint training fund.

On Tuesday, former FCA financial analyst Jerome Durden entered a guilty plea at a hearing in federal courtroom in Ann Arbor, Michigan. Durden aims to cooperate with prosecutors (in exchange for a reduced sentence) as they build their case against other conspirators — specifically Alfons Iacobelli, FCA’s former head of labor relations, and Monica Morgan, widow of General Holiefield, the UAW’s former head of its Chrysler division.

The pair are alleged to have the siphoned over a million dollars from the FCA-UAW Joint Training Center between 2009 and 2014, blowing the majority of it on home expansions, fancy cars, first-class plane tickets, and extravagant baubles. Meanwhile, Durden was caught failing to file a tax return for the approximately $4,000 he received in 2013. Oh, and for conspiracy to defraud the U.S. government.

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Former FCA Labor Chief and UAW Widow Charged in Union Corruption Conspiracy

Former Fiat Chrysler Automobiles labor relations chief Alphons Iacobelli and Monica Morgan, wife of late UAW Vice President General Holiefield, have been charged by a federal grand jury with violating the Labor Management Relations Act.

According to the U.S. Attorney’s office in Detroit, the pair were indicted on Wednesday for corruption after a lengthy joint investigation between the FBI and the IRS.

Iacobelli is accused of acting in the interest of FCA by issuing over $1.2 million in illegal payments and bribes to union members — including Morgan and Holiefield. The former union executive’s untimely death appears to have thrust his widow into the spotlight and saved him the trouble of a lengthy trial.

Morgan is best known for her work as a photographer in Detroit, and for being accidentally shot in the stomach by her husband while he was cleaning his Desert Eagle handgun in 2013. Iacobelli is primarily known for negotiating killer deals with the UAW and an abrupt, scandal-related, retirement in 2015.

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  • Mgh57 I had to read the article because I had had no idea what the headline meant. I've never seen this in the Northeast. Don't understand the point. Doesn't seen efficient aerodynamically
  • MaintenanceCosts Depends on the record of the company developing them. If it’s got a record of prioritizing safety over years of development, I’ll be fine with it, and I’ll expect it to be less risky than typical idiot human drivers. If it’s a “move fast and break sh!t” outfit like Tesla or Uber, no way.
  • Kwik_Shift_Pro4X No thanks. You'll never convince me that anybody needs this.
  • Kwik_Shift_Pro4X I'd rather do the driving.
  • SCE to AUX EVs are a financial gamble for any mfr, but half-hearted commitment will guarantee losses.BTW, if there were actual, imminent government EV mandates, no mfr could make a statement about "listening to their customers".