Imprisoned WorldCom Exec to Speak Oct. 26
Walter “Walt” Pavlo Jr., former MCI WorldCom executive who was imprisoned for white collar crime and co-author of “Stolen Without a Gun,” will inaugurate the UALR College of Business Dean’s Forum with his life story of when business ethics go awry.
The first Dean’s Forum, in partnership with the Little Rock Regional Chamber of Commerce and Arkansas Business Publishing Group, will be from 5:30 to 7 p.m. Monday, Oct. 26, at the Arkansas Arts Center. The cost is $15. Reservations can be made at ualr.edu/cob or by e-mailing cobdean@ualr.edu or calling (501) 569-3356.
“I am very proud to introduce the Dean’s Forum in partnership with the Little Rock Regional Chamber of Commerce and Arkansas Business Publishing Group,” said Dr. Anthony Chelte, dean of the College of Business. “This represents the first of many initiatives designed to increase the visibility, vitality, and value of the College of Business to our city, our region, and our state.
“The lessons to be learned from Walt’s crimes and the toll that it took on his life will leave an indelible impression on all who come to hear his story. He is an intense and passionate speaker, and his message has captivated many audiences across the country. I encourage professionals, students, and executives to attend this presentation. It will be well worth the time.”
Pavlo was a senior manager at MCI Telecommunications where he was responsible for billing and collection of nearly $1 billion in monthly revenue for MCI’s carrier finance division. He, a member of his staff, and a business associate outside of MCI began to perpetrate a fraud involving a few MCI customers.
Pavlo consorted with a rogue MCI customer in a scheme to siphon $6 million of company cash to their accounts in the Cayman Islands. In 2001, he pled guilty to wire fraud and money laundering, agreed to cooperate with the federal investigation, and was sentenced to two years in federal prison.