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!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags legalComponentsFlextronics

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

Tom Pope

Dynabook Portégé X30L-G

Ultimately this laptop has achieved everything I would hope for in a laptop for work, while fitting that into a form factor and weight that is remarkable.

Tom Sellers

MSI P65

This smart laptop was enjoyable to use and great to work on – creating content was super simple.

Lolita Wang

MSI GT76

It really doesn’t get more “gaming laptop” than this.

Jack Jeffries

MSI GS75

As the Maserati or BMW of laptops, it would fit perfectly in the hands of a professional needing firepower under the hood, sophistication and class on the surface, and gaming prowess (sports mode if you will) in between.

Taylor Carr

MSI PS63

The MSI PS63 is an amazing laptop and I would definitely consider buying one in the future.

Christopher Low

Brother RJ-4230B

This small mobile printer is exactly what I need for invoicing and other jobs such as sending fellow tradesman details or step-by-step instructions that I can easily print off from my phone or the Web.

Featured Content

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?