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March 2008
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Enron's former chief risk officer, Vince Kaminski, returns to the stand Wednesday morning. Sherron Watkins, the so-called whistle-blower, who wrote a memo to Ken Lay warning him of impending problems, takes the stand next. Kaminski hammered both Jeff Skilling and Ken Lay during direct examination Tuesday. Speaking with a thick Polish accent, he told jurors that Skilling complained about Kaminski's team acting "more like cops" preventing Enron from completing transactions rather than helping the company. Kaminski said he took the risky step of disagreeing with Ken Lay during a management meeting in the fall of 2001. While discussing the unwinding of Andrew Fastow's infamous Raptor deals in that meeting, Kaminski said they never should have been allowed to exist in the first place. "I felt what Andy Fastow did not only was improper but was terminally stupid," Kaminski testified Tuesday. "I felt Enron should come clean." Kaminski said he almost lost his job over it. Plus, prosecutors said, the next day Ken Lay said the management team is unified on dealing with the issues. Enron's famous whistle-blower, Sherron Watkins, is the government's next witness. She will testify perhaps as early as this afternoon. Once Watkins is finished testifying, the court will recess until Monday. Late Tuesday, lead prosecutor Sean Berkowitz said the government is near the end of its case. Sticking to the timeline he originally predicted, Berkowitz said the team plans to rest its case the week of March 27. There are a very limited number of witnesses left to call, he said. |
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