Ex-Fiat Chrysler Executive Accused of Siphoning Millions With Union Leader<br />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<br />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.<br />By NEAL E. BOUDETTEJULY 26, 2017<br />The former head of labor relations at Fiat Chrysler Automobiles was indicted on conspiracy<br />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.<br />in October 2013, when union officials began investigating hundreds of thousands of dollars in expenses<br />and transfers linked to a union training center, according to the indictment.<br />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,<br />and tens of thousands of dollars in cash transfers to companies she managed.<br />A decade ago, Volkswagen was rocked by scandal when it was revealed<br />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.
