Alphons Iacobelli had big plans for his millions of dollars stolen from the United Auto Workers while he worked for FCA. Federal prosecutors say Iacobelli was so concerned with living a lifestyle of the rich and famous he bought not one $35,700 fountain pen decked out in gold and diamonds, but two.
The Detroit News acquired a copy of a government filing that shows just how fast and loose Iacobelli was with the stolen funds. Aside from the two fountain pens, Iacobelli allegedly purchased a Ferrari 458 Italia, $96,000 on a pool, outdoor kitchen and a spa for his mansion, and over $400,000 to pay off personal credit card expenses.
Prosecutors have also filed to have his 6,815-square-foot mansion seized upon his conviction. Iacobelli was one of FCA’s lead negotiators for the UAW. He suddenly departed FCA in 2015 ahead of labor negotiations.
As for those glamorous pens, a local pen club president was baffled at the decision to spend so much.
“They’ve got a lifetime warranty,” Eric Fonville, president of the Michigan Pen Club said. “If you break it, they’ll build you another one. It’s so odd because it was an atypical purchase. If he’d bought a $40,000 boat, nobody would have paid attention to that. Most people would look at a $40,000 pen in a desk drawer and say ‘you spent 40 grand on this?’”
“This is a guy trying to live like how he thinks rich people live.”