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'White collar' criminals
once again in the news;
what one told JCU students
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 Tuesday (September 26) ... Bernard Ebbers begins a 25-year sentence for his role in the accounting fraud that destroyed his company, WorldCom ... Andrew Fastow receives a sentence of 6 years in prison and 2 years of community service for his role in the spectacular collapse of Enron.
 Less than a year ago (Nov 30, 2005) another white collar criminal spoke at John Carroll about the mistakes he made and their painful outcomes. Walter Pavlo (above & 2nd from right), former
senior manager at WorldCom/MCI, was the guest
of the Robert M Ginn Institute for Corporate Social Responsibility.
Pavlo, who pled guilty to wire fraud and money
laundering and served 2 years in federal prison, now visits college
campuses and other venues across the country sharing how one college
and MBA graduate became a white collar criminal.
"The
chance for you to be tempted in business is 100%," Pavlo told the students in the audience. For audio streaming of his full remarks and answers to questions, click on the icon next to
each segment below. |
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<--Intro
by Frank Navratil PhD: Why JCU invited Walter Pavlo |
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<--Part 1: Introductory remarks |
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<--Part 2: Background on MCI & his role |
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<--Part 3: Bad debts and how they grew out of control |
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<--Part 4: Looking for help & finding the wrong kind |
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<--Part 5: The breaking point - exit strategies |
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<--Part 6: What now |
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Q&A:
For each answer click on the icon at left |
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1. What are your job prospects? |
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2. Internal audits aren't all they're cracked up to be, are they? |
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3. In situations like the one in which you found yourself, isn't there huge denial by the people involved? Can you see the point at which they change and become aware of what they've done? |
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4. To what extent do crimes like your's exist in other companies? |
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5. When your mentor, "a man of integrity," left the department, how do you view him? Couldn't he have done something? |
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6. Could you differentiate between the criminal and the unethical aspects of what you did? |
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7. When there are companies who think they can "pay it back" sometime in the future and walk away, it makes you wonder. |
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8. How important from a cultural standpoint is the CEO's message and what kind of message was being sent at MCI? |
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9. You referred to "victimless crime" but what were the repercussions of what you did? |
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