Imprisoned WorldCom Exec to Inaugurate UALR Business College Event

LITTLE ROCK - 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 first Dean's Forum, a series of public lectures sponsored by UALR's College of Business in partnership with the Little Rock Regional Chamber of Commerce and Arkansas Business Publishing Group.

The Dean's Forum will be from 5:30 to 7 p.m. Monday, Oct 26, at the Arkansas Arts Center. Tickets to the event are $15 and can be acquired by e-mailing cobdean@ualr.edu or calling 501-569-3356. Visit ualr.edu/cob for more information.

"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 the 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.

When the scheme was completed, MCI had defrauded seven customers of over six months diverting $6 million to the Cayman Islands. In January 2001, Pavlo pled guilty to wire fraud and money laundering, agreed to cooperate with the federal investigation, and two years in federal prison. 

"Stolen Without a Gun," by award-winning Forbes senior editor Neil Weinberg reveals how Pavlo was caught and confessed, which contributed to the collapse of WorldCom, and tells how he explained to his young children that he was going to jail.

Since his 2003 release from prison, Pavlo has made his living giving cautionary speeches about his crimes and the environment that bred them. His audiences have included top-ranked business schools, professional societies, Fortune 500 companies, accounting firms, and federal law enforcement agencies. His story and presentations have been featured in Forbes, New York Times, Wall Street Journal, USA Today, The Today Show, ABC's "Nightline," and on National Public Radio. Pavlo holds engineering and MBA degrees.