Catherine Austin Fitts has authored a devastating expose of Winokur and his influence. Fitts is a former managing director of the Wall Street firm Dillon, Reed & Co., a former assistant secretary of HUD and president of the Hamilton Securities Group. The following information (some of it paraphrased) is from her expose titled, "Damage Control at Dyncorp – Harm at Harvard."
Winokur (a Harvard graduate) is a director of the Harvard Corporation and Harvard Management Company. His investment firm, Capricorn Holdings, is a lead investor in Dyncorp.
Winokur claims he and other Enron directors were mislead by Arthur Andersen and Enron management and its legal counsel as to the true nature of its financial structure. Yet Highfields Capital which manages a large portion of Harvard’s $19 billion endowment, reaped a quick profit of somewhere between $50-120 million through short sales (puts) of Enron stock. Fitts suspects insider trading.
In addition to its contracts with the CIA and State Department, Dyncorp manages, under contract, much of the financial data and other electronic records of the SEC, Department of Defense (DOD), Department of Justice (including the FBI), and the Dept. of Housing and Urban Development (HUD).
Between just two of those departments, DOD and HUD, over $3 trillion dollars cannot be accounted for by auditors since 1997. Fitts asks the question, "Could it have moved through the 300-plus subsidiaries that Enron operated in the Cayman Islands?"
Winokur (a Harvard graduate) is a director of the Harvard Corporation and Harvard Management Company. His investment firm, Capricorn Holdings, is a lead investor in Dyncorp.
Winokur claims he and other Enron directors were mislead by Arthur Andersen and Enron management and its legal counsel as to the true nature of its financial structure. Yet Highfields Capital which manages a large portion of Harvard’s $19 billion endowment, reaped a quick profit of somewhere between $50-120 million through short sales (puts) of Enron stock. Fitts suspects insider trading.
In addition to its contracts with the CIA and State Department, Dyncorp manages, under contract, much of the financial data and other electronic records of the SEC, Department of Defense (DOD), Department of Justice (including the FBI), and the Dept. of Housing and Urban Development (HUD).
Between just two of those departments, DOD and HUD, over $3 trillion dollars cannot be accounted for by auditors since 1997. Fitts asks the question, "Could it have moved through the 300-plus subsidiaries that Enron operated in the Cayman Islands?"