Former Flextronics worker guilty of $1.3M theft

A former employee of Solectron, now Flextronics International, gets jail time for embezzling at least $1.3 million.

A former employee of Flextronics, an electronics manufacturer, was found guilty of stealing at least $1.3 million in company funds and received a prison sentence, California's attorney general said on Monday.

Richard Schwalbe was convicted on two counts of grand theft for diverting money owed to his employer into personal accounts. He worked at the time as a credit manager for Selectron, an electronics manufacturer that was acquired by Flextronics in 2007.

Flextronics, a major producer of electronics and other products based in Singapore, has partnered with brand names such as Apple, Microsoft, HP and Lego and has over 200,000 employees globally. In an unrelated case last year, a senior business development executive at the company was charged and arrested by the FBI for selling confidential sales forecast data and iPhone product information to a market research company.

In the more recent case, the California Attorney General said in a statement that Schwalbe was sentenced to two years and eight months in prison. He was first arrested on Jan. 26 last year, and pleaded no contest to the charges on June 24 of this year.

An investigation found that Schwalbe used his position at Solectron to personally collect over $800,000 owed to the company, then renegotiated separate debts owed by another company to have them paid into an account he controlled.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags FlextronicslegalComponents

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Jay Alabaster

IDG News Service
Show Comments

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

David Coyle

Brother PocketJet PJ-773 A4 Portable Thermal Printer

I rate the printer as a 5 out of 5 stars as it has been able to fit seamlessly into my busy and mobile lifestyle.

Kurt Hegetschweiler

Brother PocketJet PJ-773 A4 Portable Thermal Printer

It’s perfect for mobile workers. Just take it out — it’s small enough to sit anywhere — turn it on, load a sheet of paper, and start printing.

Matthew Stivala

HP OfficeJet 250 Mobile Printer

The HP OfficeJet 250 Mobile Printer is a great device that fits perfectly into my fast paced and mobile lifestyle. My first impression of the printer itself was how incredibly compact and sleek the device was.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?