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.
Former MCI Executive To Give Business Ethics Address
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.
REPORTERS & EDITORS: For more information, please contact Wyatt DuBois in the Smeal College of Business Media Relations Office at 814-863-3798 or wed112@psu.edu.
Penn State's Smeal College of Business offers highly ranked undergraduate, MBA, executive MBA, Ph.D., and executive education opportunities to more than 5,500 students at all levels. Featuring academic departments of accounting, finance, marketing, insurance and real estate, management, and supply chain and information systems, the college is also home to major research centers such as the Center for Supply Chain Research, the Institute for the Study of Business Markets, the Center for Digital Transformation, the Farrell Center for Corporate Innovation and Entrepreneurship, the Center for Global Business Studies, and the Center for the Management of Technological and Organizational Change.
