Enron Trial: Sherron Watkins on the Stand

Sherron Watkins spent the day on the stand in the fraud and conspiracy trial of two former Enron executives. Houston Public Radio's Ed Mayberry reports. Aired 3/16/06 during KUHF's Morning Business Report

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Sherron Watkins said she was shocked to find that Enron had researched theconsequences of firing her just two days after she met with Ken Lay todiscuss her famous memo warning of accounting irregularities. Watkins saidLay was not truthful at an employees meeting in late October when he saidcontrols and procedures were in place to prevent a conflict of interest withAndy Fastow heading partnerships while employed as Enron's C-F-O. Defenseattorney Daniel Petrocelli wondered why she was even called as a witness.

"...contributed very much."

Watkins admitted selling stocks twice after her memo to Lay, conceding theywere improper because she knew more about the financial situation at Enronthan the investing public. The government has a scheduling conflict withits next witness, so the trial will resume next Monday.

Ed Mayberry, Houston Public Radio News.

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