Draft of Questions [from Catherine Austin Fitts]
for:
Mr. Herbert S. ("Pug") Winokur
Chairman, Finance Committee, Enron
in response to his Congressional testimony [Feb. 7, 2002]:
Today in Testimony you said that the Enron
bankruptcy was a result of management and Arthur Anderson and
Vinson Elkins lying to you and the other directors and not doing
their job, so can you explain:
1. Why your company Dyncorp uses Arthur
Anderson as it auditor? I am assuming that you as a lead investor
and board member in DynCorp would not jeopardize your investment
and shareholder's investment by retaining an auditor who had mislead
you and a board in a manner that would lead to such a collapse.
2. Why as a member of Harvard Corporation's
board, would you have less foresight than your largest money manager
Highfields Capital as well as your fellow board members, who all
had the foresight to make substantial profits from selling Enron
stock while you and your board members were in this state of "unaware"
you so well described. How is that Highfields had access to this
information and you did not?
3. As a member of Harvard Corporation's
board and a GP of Capricorn Holding's partnerships, are you taking
the appropriate action to have Vinson & Elkins and Arthur Anderson
removed from any relationship or work for any of the investments
of these entities? Under the laws governing your responsibilities,
what is the liability to you and your fellow fiduciaries of firms
that you say are responsible for causing the biggest bankruptcy
in history and doing so by helping management mislead the board.
4. Is the timing of the Power's report and
your testimony AFTER all the Arthur Anderson and Enron documents
had been shredded and Enron OnLine, the Enron group with all the
large mysterious trading with Citigroup, JP Morgan, UBS, DeutscheBank
and the other large banks active with Enron in the offshore derivative
and gold markets, indicative or more than coincidental?
5. Given the performance of your auditor
on Enron and on DynCorp, do you believe that the federal government
should continue to outsource large amounts of its most sensitive
information systems and accounting and payments systems to companies
like Arthur Anderson?
6. Do you believe that it is a conflict
of interest for your company DynCorp to manage many of the information
systems for the people working on criminal investigations of you
and your colleague's role in Enron fraud and obstruction of justice,
and fraud and obstruction of justice by their accountants and
attorneys?
7. Would you care to comment on why HUD and
DOD and some of the other federal agencies which your company
DynCorp manages, highly sensitive information systems, are reported
to be missing so much money; over $3 trillion since fall of 1997?
Do you have any idea where that money is or how it was laundered
out of the country into offshore accounts? As a highly experienced
financial fiduciary with intimate knowledge of the federal information
systems as the former Chairman and current board member of DynCorp,
perhaps you could illuminate for us some of the ways that this
much money could be fraudulently moved out of the bank accounts
held by the NY Fed and its members as depository and trustee for
these agencies and moved off shore through thousands of off shore
subsidiaries and special purpose entities?
8. In light of the fact that the federal
government is paying millions to have private contractors manage
their accounting and information systems, yet those systems never
seem to work and now trillions are missing, would you care to
comment as to whether outsourcing our financial systems to private
contractors whose investors profit from other companies who are
selling goods and services to these agencies makes sense?
9. Under the standards of sound fiduciary
management, you as board member and chair of the Finance Committee
are responsible to ensure that the company's finances are properly
managed. If you are someone who is so easily mislead by management,
attorneys and auditors, do you consider yourself competent to
serve on any boards of directors of organizations with large financial
and resource responsibilities? Based on the results to shareholders,
creditors and taxpayers, do you draw any connection between the
performance of Enron or government agencies losing billions of
other people's money and your performance as board member or contractor?