During Enron's career, Skilling placed Pai in charge of several Enron subsidiaries. related . Through Elements, Pai has invested in pollution emissions credits. Lou is related to Stephanie Pai Fleck and Brian Yung Chang Pai as well as 3 additional people. Lou Lung Pai modified into born on 23 June 1947, his birthplace is Nanjing, Republic of China. In a strange twist of luck, he sold them right near the peak of the Enron bubble, only a few months before everything came crashing down. Pai was a founder and is a former chairman of Element Markets, a renewable-energy consulting firm. is one building on the property. Pai's Colorado ranchland included the 14,047-foot mountain Culebra Peak. When Pai's wife learned of the affair, she filed for divorce. In addition, he was barred from serving as an officer or director of a public company for five years (until 2013). Since then, Pai has emerged as a partner at Midstream Capital Partners LLC. Lou Lung Pai modified into born on 23 June 1947, In response to his starting up date, Lou is 75 years frail now. Follow the link to read our updated Privacy Policy, Lou Pai, who was a top executive at Enron prior to the companys collapse in the early 2000s, scooped up a Wellington equestrian estate for, Related, BH unveil plans for Icon Aventura. However, as a result of the lawsuit, Pai lost $ 6 million because he was from Enron's insurance policy for company officers to fund for Enron shareholders. Woman Caught Grabbing Busta Rhymes Butt Says I Didnt Mean It After Throwing Drinks At Her, Edwin Castro Wiki, Age, Career, Parents, Education, Relationship, Net Worth, Nationality And More, Mourad Battikh Wiki, Age, Education, Parents, Career, Relationship, Net Worth And More, Jahm Najafi Net Worth 2023, Source Of Income, Career, Wife, Age. However, details regarding his actual height and other body measurements are currently not publicly available. WILLISTON PK, NY 11596, CHRISPIN CARLO S MD48 LIPTON LNWILLISTON PK, NY 11596, changed from The Mediterranean style mansion has 14,000 square feet, with two stories, six bedrooms, seven bathrooms, a swimming pool, spa, tennis court, and marble floors. During his time at the now-defunct energy company, Pai was often referred to as "the invisible CEO.". Pai was born in Nanjing, China and came to the United States at the age of two. Pais resignation from Enron and his reasons for doing so remain shrouded in mystery. Phone: 561-791-4000 or 561-363-7905. TIL: Lou Pai is a former Enron executive who cashed out $270 million in stock and left the company right before it collapsed, divorced his wife, married an exotic dancer, bought an enormous piece of Colorado, sold it and then disappeared into obscurity. The property has three stables with stalls for roughly 40 horses, multiple outdoor jumping areas, five acres of pasture land and two apartments in addition to the main property. Floodplain Management. According to Wikipedia, he remains married to her, 22 years later. Lou was the 2nd-largest land owner in Colorado (Western United States). Pai obtained both his B.S. Recently, Pai and his family moved to Wellington, Florida. His brother is Sue Pai Yang, the first Asian American to be appointed New Jersey Compensation Judge. Ans. He left Enron with over $280 million. Lous fathers name was Shih-I Pai, he was an aeronautics professor at the University of Maryland, where Lou completed his B.S. [23], On July 30, 2008, Pai agreed to resolve civil insider trading charges against him with an out-of-court settlement of $31.5 million, including $1.5 million in civil fines and $30 million in restitution, to be deposited into a fund for shareholders harmed by Enron's bankruptcy. In the year 1987, he joined Enron when it was just a regional energy supplier. More recently, Pai and his family have moved to Wellington, Florida.[29][30]. After the divorce, Pai and Fewell got married. Lous sister is Sue Pai Yang, the first Asian American appointed to be a New Jersey Workers Compensation judge. Lou and Melanie together operated Canaan Ranch, which is located near metropolitan Houston, where they grew up and trained dressage horses, and later, they moved from Sugar Land, Texas, to Middleburg, Virginia, and opened a 2nd Canaan Ranch there, but as of 2014, it is up for sale. The divorce filing would inadvertently be an extremely lucky turn of events for Lou Pai. This is one of the largest settlements in the history of SEC law enforcement programs that deal with individuals for alleged insider trading. Through Element, Pai has invested in pollution emissions credits. On July 30, 2008, Pai agreed to settle the insider trafficking allegations against him with an out-of-court settlement of $ 31.5 million, including $ 1.5 million in civil penalties and $ 30 million in restitution, to be deposited into funds for shareholders harmed by Enron Bankruptcy. H-08-CV-2338 [Complaint]", "U.S. Securities and Exchange Commission v. Lou L. Pai, Civil Action No. Sue Pai Yang", "Enron veterans flourish due to 'mystique', "Ex-Enron executives form Midstream Capital", "Ex-Enron exec Pai target in many lawsuits", "Former Enron Executive Pai Agrees to Insider-Trading Settlement", "10 Enron Players: Where They Landed After the FallLou Lung Pai: A Big Stock Seller, With a Taste for Glitter", "Christy Raisbeck And Fernando Win Horse Of Course High Score Award At Houston Dressage Society Spring Classic I Show", https://en.wikipedia.org/w/index.php?title=Lou_Pai&oldid=1137379202, University of Maryland, College Park alumni, Pages containing links to subscription-only content, Short description is different from Wikidata, Articles containing traditional Chinese-language text, Articles containing Chinese-language text, Creative Commons Attribution-ShareAlike License 3.0, US Securities and Exchange Commission(?1986), This page was last edited on 4 February 2023, at 09:08. Brazilian beverage heiress sells waterfront Hibiscus Island home, Stiles sells Publix-anchored plaza near Boynton for $41M. Our Doctors. There After the divorce from Lanna, Lou, and Melanie Fewell married. Savor a brunch meal at International Polo Club Palm Beach. in economics. Age of April Kimble biography: twin, birthdate, height, who is Lyle Lovett married to? Lou Pai (Chinese-American Businessman) Wiki, Net Worth 2023, Age, Family, Wife, Children & More, Lous fathers name was Shih-I Pai, he was an aeronautics professor a. t the University of Maryland, where Lou completed his B.S. Though married, Pai was known to: spend inordinate amounts of time during and after working hours in Houston-area strip clubs; use the Enron corporate jet for personal commuting; and, charge several-hundred dollars worth of lunches for himself and accompanying staff to the corporate expense account (until Chairman Ken Lay later prohibited it). Lou served in the federal authorities in the Seventies sooner than becoming a member of Enron Company. [2] He left Enron with over $250 million. Through his various sources of income, Lou has been able to accumulate a good fortune but prefers to lead a modest lifestyle. Pai exercised his 5th Amendment rights in regard to the subsequent Enron class action lawsuits and was not charged with any criminal wrongdoing in the Lawsuits regarding the Enron scandal. Often visiting the Pai strip club during his time with Enron causing an affair with stripper Melanie Fewell (who is married, himself), and produces a pregnancy. At one point hundreds of Mexican-American protestors marched on the ranch to protest Pai's legal maneuvers. We The Medicine - Healing Our Inner Child 2023. Feb 11. in economics. in economics. WELLINGTON, FL 33449, PAI LOU L &11164 MARINA BAY RDWELLINGTON, FL 33449, changed from . Colorado Pai farms include 14,047 foot mountains, Culebra Peak. Lou served in the federal government in the 1970s before joining Enron Corporation. Links: en.wikipedia.org. Lou worked for the federal government in the 1970s before joining Enron. 48 LIPTON LN (Photo By Hyoung Chang/The Denver Post via Getty Images). Pai was the second-largest land owner in Colorado . Request an Appointment. By ABC News. After graduating he went to work for the Federal government. In May 2022 Lou and Melanie paid $8 million for a 21-acre equestrian estate in Wellington, Florida. From March 1997 until May 2001 Pai was CEO of the EES (Enron Energy Services) subsidiary. 1707 POST OAK BLVD # 484 The couple opened a second Canaan Ranch when they later moved from Sugar Land, Texas, to Middleburg, Virginia, but put it up for sale as of 2014. and M.S. Pai was the second largest land owner in Colorado after he purchased the 77,500-acre (314km2) Taylor Ranch for US$23million in 1999, though he sold the property in June 2004 for US$60million. Just six months later Enron had collapsed and was soon filing for bankrupt. Create an account to follow your favorite communities and start taking part in conversations. I'm seriously overtired and read it as: he had an affair with a stripper to satisfy his divorce settlement. and M.S. Lou Pai's divorce might have been the fatal blow, actually. ; pinyin: 2 ) Taylor Ranch for $ US $ 23 million in 1999, even though he sold the property 2 ) Taylor Ranch for $ US $ 23 million in 1999, even though he sold the property on June 2004 for, Timeline of the Enron scandal (May 18, 2001). CHRISPIN CARLO S MD Lou served in the federal authorities in the Seventies sooner than becoming a member of Enron Company. I want to know why his divorce settlement specified that he had to have an affair with a stripper. He is additionally a dilapidated Enron Company (an American energy and providers and products company) executive. He was CEO of Enron Energy Services. Lou has a net worth of $270 million as of 2021. The property is classified as a single family dwelling. Lou was born in 1947, in Nanjing, China, and came to the United States at the age of 2 years. Very shortly after, Enron's stock plummeted from $80 per share to pennies. Rosanna Scotto Husband: Louis John Ruggiero Age, Wife, Children, Worth. Despite being married during his time at Enron, Pai was known to spend inordinate amounts of time during and after work at Houston-area strip clubs. The Mall at Wellington Green. To satisfy the financial terms of his divorce settlement, Pai cashed-out approximately $250 million of his Enron stock just months before the company's stock price dramatically collapsed, and it filed for bankruptcy protection. Lou Lung Pai ( Chinese: ; pinyin: Bi Lulng) (born 23 June 1947) is a Chinese-American businessman and former Enron executive. . He was CEO of Enron Energy Services from March 1997 until January 2001 and CEO of Enron Xcelerator, a venture capital division of Enron, from February 2001 until June 2001. He modified into CEO of Enron Vitality Products and providers. Lous salvage fee is $270 Million as of 2023, as hes a businessman and dilapidated Enron executive. The story of the Enron scandal often portrays him as a mysterious figure; former Enron employee, interviewed in the Enron documentary: The Smartest Guys in the Room, calls Pai the "unseen CEO". OLD WESTBURY, NY 11568. I remember reading that other top Enron execs bought huge houses in Florida before the . The legal description of this lot is: "ISLES AT WELLINGTON PL 2". Background. Lovely Mimi New Boyfriend Bio, Wiki, Age, Arrest, Husband, Divorce, Kids Net Worth. He was eventually brought up on some insider trading charges. and M.S. Ans. Pai and his wife currently operate Canaan Ranch, located near metropolitan Houston, where they lift and train horses in the locker room. The former Enron executive,blamed for some of the company's biggest flops, sold$270 million worth of Enron stock to raise . 1. Lou Pai was born in Nanjing, China in 1946 and moved to the United States with his family at the age of two. Ans. Lou Pai, age 75 **** 1**** S Ave, Wellington, FL (713) 516-**** Lived in: Houston TX, Middleburg VA, Sugar Land TX Search report Lou Pai, age 75 **** P**** Blvd, Houston, TX Lives in: Houston TX Search report Email Addresses Sponsored by Spokeo Paid Service lo****@gmail.com Search secret profiles for lo****@gmail.com Search lo****@yahoo.com He was CEO of Enron Energy Services from March 1997 until January 2001 and CEO of Enron Xcelerator, a venture capital division of Enron, from February 2001 until June 2001. Lou and Melanie Pai are still married today. Between May 18 and June 7, 2001, Pai sold 338,897 shares of Enron stock and exercised Enron stock options that put another 572,818 shares on the open market. He became one of (eventual) CEO Jeffrey Skilling's top lieutenants, primarily tasked with detailing and implementing Skilling's vision of transforming Enron into a de facto energy commodities-trading firm. He was CEO of Enron Energy Services [5] from March 1997 until January 2001 and CEO of Enron Xcelerator, a venture capital division of Enron, from February 2001 until June 2001. Went to work . Wellington, FL. All net worths are calculated using data drawn from public sources. 1. Lou Pai was known to spend inordinate amounts of time during and after working hours in Houston-area strip clubs even though he was married. This property is classified as Residential (Single Family). Local time: 4:08 PM 2/28/2023. Lou Lung Pai is a Chinese-American businessman. 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