Crime & Safety
Feds May Seize Former FCA Executive's Home
Former FCA Labor Chief Alphons Iacobelli's Rochester Hills home may be seized by the government to help repay funds he allegedly stole.
ROCHESTER HILLS, MI — The homes of a former Fiat Chrysler Automobiles executive and the widow of a UAW Vice President could be seized by federal authorities. Last month, Alphons Iacobelli, of Rochester Hills, was charged with taking part in a multi-year conspiracy to pay and deliver prohibited money and things of value to union officers. Iacobelli is a former FCA vice president who helped negotiated labor deals.
Monica Morgan, of Harrison Township, was charged with conspiring with Iacobelli and others to violate the Labor Management Relations Act. Morgan is the wife of former UAW Vice President General Holiefield, who died in March of 2015.
If convicted, Iacobelli’s home could be seized by federal authorities to help repay $1.2 million in prohibited payments to Morgan and Holiefield. The former executive is also charged with using about $1 million in funds from the UAW-Chrysler National Training Center.
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Iacobelli was charged with diverting those funds to pay for: a Ferrari 458 Spider automobile costing more than $350,000; leasing a private jet; two limited edition Mont Blanc pens costing $37,500 each; a pool and hundreds of thousands of dollars in improvements to his residence; and hundreds of thousands of dollars in personal credit card expenses, among other purchases.
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A Detroit News reports that Iacobelli’s 6,815-square-foot Rochester Hills home is worth about $1.3 million.
Morgan was also charged with using the company’s Monica Morgan Photography, Wilson’s Diversified Products, and a third company to conceal payments made by Iacobelli and others acting in the interest of FCA to UAW Vice President Holiefield and with failing to report the income she received through those companies on her individual tax returns. Her Harrison Township home is valued at about $366,000, the Detroit News reported.
File photo of UAW Vice President General Holiefield and FCA's Sergio Marchionne.
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