A key figure behind one of the biggest corporate frauds in history will speak in Bermuda later this year.

Former Enron chief financial officer Andrew Fastow, who was jailed for six years for his part in the former energy trading company’s phoney accounting, will make a keynote address at yCompliance’s annual seminar on October 9 at the Fairmont Southampton.

Former Turks and Caicos Attorney General Huw Shepheard and other distinguished personalities will be among the other speakers.

In a press release announcing the speakers for the 2nd Annual Financial Crime & Compliance seminar, McKeisha Smith, director of yCompliance, said: “Securing a keynote speaker like Andrew Fastow for our 2nd annual YC seminar will be hard to outdo in future years.”

yCompliance does not agree with compensating convicted felons, and in the case of Mr Fastow there will be no payment for his appearance at the seminar.

Ms Smith added “Who better to speak on the topic of integrity and what’s right versus what’s wrong than Mr Fastow. This year’s seminar will prove to be an event not to miss for compliance gurus and other professionals.”

US financial regulator Securities and Exchange Commission opened an investigation into the conduct of Enron and Mr Fastow in 2001. He was one of the key figures behind the complex web of off-balance-sheet special purpose entities — limited partnerships which Enron controlled — used to conceal their massive losses.

In 2004, he pled guilty to two counts of securities fraud, and was sentenced to six years in federal prison. He completed his sentence in 2011, and now lives with his family in Houston, Texas.

Mr Fastow currently provides litigation support at a law firm, and he consults with directors and management of public companies on how best to identify potentially critical finance, accounting, compensation, and cultural issues.

“Despite today’s more regulated and enlightened business environment, we continue to witness ‘Enron-esque’ failures of corporate governance,” yCompliance said in a press statement. “Enron’s former CFO will make observations about how the ambiguity and complexity of laws and regulations breeds opportunity for problematic decisions and will discuss what questions corporate directors, management, attorneys, and accountants should ask in order to ensure that their companies not only follow the rules, but uphold the principles behind them.”

The theme for the 2014 seminar is ‘Who can you trust?’

For more information go to www.ycseminars.com.