Former Fiat-Chrysler Automobiles labor chief, Alphons Iacobelli, has been indicted by a grand jury after he allegedly used company funds to benefit himself and other UAW members. Since his stint with FCA, Iacobelli has been employed with General Motors in a similar ranking position, but that came to halt very quickly.
The Detroit News reports Iacobelli has been suspended from his position at GM following his indictment. GM moved to suspend the executive one day after the grand jury’s decision. Iacobelli allegedly spent over $1 million in UAW-Chrysler National Training Center funds while working as an FCA labor negotiator. Purchases included $375,000 worth of home improvements at his residence, a Ferrari 458 Spyder and two limited-edition, solid-gold Mont Blanc fountain pens that cost $37,500 each.
GM has been quiet on Iacobelli’s employment status. The only piece of information previously known was his last position of record, which pegged him as executive director of labor relations for GM as of January 2016. It’s unclear if Iacobelli has been suspended with pay and GM has not provided any official statement surrounding the executive.