A West Virginia University graduate who was involved in a $6 million fraud scheme will tell his story of white collar crime�€how it occurs and how its paid for�€Thursday, April 19, at 7 p.m. at the Waterfront Place Hotel in Morgantown.
Sponsored by the WVU College of Business and Economics and College of Engineering and Mineral Resources, the talk by Walt Pavlo, which is free and open to the public, highlights the corrupt manipulation of financial records within a large corporation.
As a senior manager at MCI , and with a meritorious employment history, Pavlo was responsible for the billing and collection of nearly $1 billion in monthly revenue for MCI s carrier finance division. In 1996 Pavlo, along with a staff member and a business associate outside of MCI , began to perpetrate a fraud involving MCI clients. Over a six-month period, the crime team managed to defraud seven MCI customers and send $6 million to the Cayman Islands.
But by January 2001, Pavlo was pleading guilty to wire fraud and money laundering, and soon thereafter entered federal prison. His case appeared as a cover story in Forbes Magazine just weeks before WorldComs $7 billion in accounting irregularities hit the news. WorldCom became MCI after filing for bankruptcy.
Pavlo now offers his story as a cautionary tale to a wide variety of groups, including the Federal Bureau of Investigation, U.S. Attorneys Office, major university MBA programs, corporations and professional societies.
Pavlo holds an engineering degree from West Virginia University and a masters degree in business administration from the Stetson School of Business at Mercer University. In addition to MCI , he has worked as a financial analyst for the aerospace division of Goodyear Tire and as a contract manager for GEC Ltd. of England.
Pavlos talk is part of the Dan and Betsy Brown Lecture Series, endowed by a contribution from Daniel and Elizabeth Brown, of Hilton Head, S.C. Both are alumni of West Virginia University. Daniel is a 1959 graduate of the College of Business and Economics, and Elizabeth is a 1959 graduate of the Davis School of Agriculture, Forestry and Consumer Sciences.