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 PC World newsletter!

Error: Please check your email address.

Tags FlextronicslegalComponents

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

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 News Articles

Resources

PCW Evaluation Team

Azadeh Williams

HP OfficeJet Pro 8730

A smarter way to print for busy small business owners, combining speedy printing with scanning and copying, making it easier to produce high quality documents and images at a touch of a button.

Andrew Grant

HP OfficeJet Pro 8730

I've had a multifunction printer in the office going on 10 years now. It was a neat bit of kit back in the day -- print, copy, scan, fax -- when printing over WiFi felt a bit like magic. It’s seen better days though and an upgrade’s well overdue. This HP OfficeJet Pro 8730 looks like it ticks all the same boxes: print, copy, scan, and fax. (Really? Does anyone fax anything any more? I guess it's good to know the facility’s there, just in case.) Printing over WiFi is more-or- less standard these days.

Ed Dawson

HP OfficeJet Pro 8730

As a freelance writer who is always on the go, I like my technology to be both efficient and effective so I can do my job well. The HP OfficeJet Pro 8730 Inkjet Printer ticks all the boxes in terms of form factor, performance and user interface.

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre x360

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga 910

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?