When Pavlo went out into the field to dun the debtors, he found a wild and woolly world.
Pavlo was wearing custom-tailored suits, tooling around in limos and flying to the Caymans regularly.
"It's absurd, but that was the level of greed at the table, " Pavlo says.
Pavlo earned an industrial engineering degree at West Virginia University and an M.
Pavlo says he spotted duffel bags of cash, armed guards and money-counting machines.
All told, Pavlo, Mann, Wilkie and at least one other cohort signed on seven resellers with Orion.
"I felt on top of the world sitting in the middle of Seven Mile Beach, " Pavlo says.
Even if MCI sold out at a premium, Pavlo wasn't going to get rich like top managers.
By 1995 Pavlo had risen to senior manager and the carrier finance unit had grown to 120 employees.
Walter Pavlo has plenty of time these days to walk the track inside South Carolina's secluded Edgefield prison.
"This story is bigger than Walt Pavlo heisting money from MCI and going to jail, " says Walt Pavlo.
She warned that Moroz could rehabilitate the disgraced former Prime Minister Pavlo Lazarenko, wanted in Ukraine for embezzlement.
Benveniste told Pavlo the only way he could get bank financing was for MCI to cover any collections shortfalls.
After the meeting a loan officer called MCI's switchboard to make sure Pavlo worked there, according to court documents.
In August 1996 Pavlo visited Atlanta's exclusive Chateau Elan to brief senior MCI execs in town for the Summer Olympics.
Pavlo put his account in the name of Parnell Investments, after the street he had once lived on in Savannah.
Dennis, who has left MCI and now lives in Michigan, says he doesn't recall discussing such a program with Pavlo.
Pavlo, blond and still boyish at 39, committed his crimes at MCI as the telecom business roared in the mid-1990s.
Instead, Pavlo used tricks he had learned on the job, like diverting unapplied cash, to strike Telemedia's debt from MCI's books.
In March 1996 Pavlo met with Benveniste and several executives of National Bank of Canada at the swank Georgia Club in Atlanta.
My Forbes colleague Walt Pavlo does a great job in his column yesterday of telling us what went wrong for Rajaratnam.
One former prime minister, Pavlo Lazarenko, who now holds a Panamanian passport, is wanted on money-laundering charges in both Switzerland and Ukraine.
"We just can't let this happen, " Don Lynch, the senior vice president, responded in a conference call to the Atlanta group, Pavlo says.
Orion also skimmed money from four Manatee customers by making bogus claims against them and diverting payments as they came in, Pavlo says.
After falling out with Ukrainian president, Leonid Kuchma, in 1999, Pavlo Lazarenko fled to the United States to avoid justice and seek asylum.
Pavlo says MCI had to have known the promissory notes were next to worthless but nonetheless told auditors it expected to collect 75% of face value.
So Pavlo and colleagues resorted to another trick: misapplying so-called "unapplied cash, " money customers sent in without specifying the bill it was intended for.
At 32, Pavlo was the department's "target man, " charged with handling high-risk accounts, collecting receivables and coming up with creative ways to dispose of them.
Then, Pavlo says, MCI kept the receivables on its books long after any real hope of collecting had vanished--with the resellers themselves, in some cases.
Mann soon became a central player (and codefendant) in MCI's reseller scandal, along with James Wilkie, Pavlo's buddy and senior manager in MCI's carrier finance unit.
应用推荐