Former MCI Executive To Give Business Ethics Address
Walt Pavlo, a former senior manager of MCI who served two years in federal prison for wire fraud and money laundering, will deliver an address detailing his ordeal on Jan. 30 at Penn State's Smeal College of Business.
UNIVERSITY PARK, PA (January 24, 2006)—Walt Pavlo, a former senior manager of MCI who served two years in federal prison for wire fraud and money laundering, will deliver an address detailing his ordeal on Jan. 30 at Penn State's Smeal College of Business.
At MCI, Pavlo was responsible for the billing and collection of nearly $1 billion in monthly revenue for the company's carrier finance division. Beginning in March 1996, Pavlo, a member of his staff, and a business associate outside of MCI began to perpetrate a fraud involving some of MCI's own customers.
When the scheme was completed, seven customers of MCI had been defrauded over a six-month period resulting in $6 million in payments to the Cayman Islands.
Pavlo pled guilty to wire fraud and money laundering in January 2001 and entered a federal prison shortly thereafter.
He was released from prison in March 2003 and now shares his cautionary tale on business ethics with audiences at business schools and Fortune 500 companies around the country.
Pavlo will speak at 6 p.m. in 100 Thomas Building on Penn State's University Park campus. The event is open to the media.
More information on Pavlo can be found on his Web site: http://www.etikallc.com.
