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Confessions from inside history's biggest accounting fraud - the collapse of MCI Worldcom
Equity Press
September 2007
On Sale: September 1, 2007
312 pages
ISBN: 0979755808
EAN: 9780979755804
Hardcover
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Non-Fiction
Walter Pavlo, Jr. was a young MBA rising quickly through the finance ranks at the nationΓ’β¬β’s second largest telecom company. With a beautiful wife, two kids and a promising career, he epitomized the American dream. PavloΓ’β¬β’s life took a dark turn when he became a willing participant in the companyΓ’β¬β’s efforts to hide from investors and potential acquirers a mountain of bad debt run up by mobsters and other unsavory customers. Encouraged by higher-ups, Pavlo became accomplished at accounting gimmickry. Then the jaded young executive consorted with a colorful scam artist and others to use some of the same ploys heΓ’β¬β’d devised for his employer to enrich himself at its expense. A ruse born of disillusionment and greed turned into a nightmare for Pavlo after he was caught and forced to choose--rat on his buddies or spend decades rotting in prison. His crimes ultimately cost Pavlo his freedom, family, reputation and self-respect. Only later did he recognize that his original sins were part and parcel of the corruption that led to an historic collapse for his company, his industry and of public confidence in corporate America. With humor and raw honesty, Pavlo and award-winning Forbes senior editor Neil Weinberg use this compelling personal story to portray in intimate detail the pressures millions of white-collar workers face every day.
 Media BuzzToday - October 8, 2008
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