He appears to be quite tall in stature if his photos, relative to his surroundings, are anything to go by. Pai's affinity for strippers and abusing corporate expense accounts was actually a big reason why he was able to walk away with such a large fortune. Lou Pai has not been charged with any crime in the Enron scandal and has exercised its 5th Amendment right in connection with the next class action of Enron. He left Enron with over $250 million. 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. Between May 18 and June 7, 2001, Lou Pai sold 338,897 shares of Enron and exercised 572,818 options for total pre-tax proceeds of $270 million. With over 30 years of business and estate planning, I help individuals and businesses create a velocity of money by having one dollar do multiple things. Come visit us at one of our lululemon stores. 2023 Celebrity Net Worth / All Rights Reserved. The fact of the matter is Trump listened to Fauci throughout all of 2020. Well hold on now, lets also add to the point that you should be rich first. Original SportsCenter anchor Lou Palmer died of lung cancer Oct. 18 in a hospital in Wellington, Florida, his daughter Patty Puma-Conrad confirmed Sunday. They are especially involved in the Olympic sport of dressage. Request an Appointment. Wellington, FL. 1. Sherron Watkins, Enrons former Vice President of Corporate Development. in economics from the University of Maryland, College Park. 1. Born in Nanjing, China, he emigrated with his parents to the United States when he was 2. Pai obtained both his B.S. Background Report for Lou L. Pai PAI LOU L &1707 POST OAK BLVD # 484HOUSTON, TX 77056, changed from 204 GLEN COVE RD Press J to jump to the feed. Buildings > Homes - Celebrity - Sports - Football; Collections. He is one of the few former Enron executives who ended up with a massive fortune. He was CEO of Enron Energy Services. Pai was born in Nanjing, China and came to the United States at the age of two. as well as M.S. From March 1997 until January 2001, he was CEO of Enron Energy Services and from February 2001 until June 2001, he was CEO of Enron Xcelerator, a venture capital division of Enron. Lou Lung Pai modified into born on 23 June 1947, his birthplace is Nanjing, Republic of China. Jay Miller of West Palm Beach went home to be with Jesus on Monday May 24th, 2021. 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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). He became one of the top lieutenants of Jeffrey Skilling (the eventual CEO as well as brother to veteran meteorologist Tom Skilling), primarily tasked with detailing and implementing Skillings vision of transforming Enron into a de facto energy commodities trading firm. We welcome all corrections and feedback using the button below. is one building on the property. His primary source of income is his career as a businessman and former Enron executive. Lou Pai, who was a top executive at Enron prior to the company's collapse in the early 2000s, scooped up a Wellington equestrian estate for $8.2 million. Browse Obituaries and Death Records in Wellington, Florida. Lou was born in 1947, in Nanjing, China, and came to the United States at the age of 2 years. Homes of NFL team owners by Xeba73; Comments. A former Enron employee referred to Pai as the invisible CEO when he was interviewed in the 2005 documentary film Enron: The Smartest Guys in the Room. OLD WESTBURY, NY 11568. For a few years between 1999 and 2004, Lou Pai was the second-largest land owner in Colorado thanks to the 77,500 Taylor Ranch which he purchased for $23 million in 1999. 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. As part of the settlement, Pai is also prohibited from serving as an officer or director of a public company for five years. Lou Pai is a Chinese-American businessman and mathematical genius who has a net worth of $200 million. Lou was CEO of Enron Energy Services from March 1997 until January 2001 and later CEO of Enron Xcelerator (a venture capital division of Enron) from February 2001 until June 2001. In May 2022 Lou and Melanie paid $8 million for a 21-acre equestrian estate in Wellington, Florida. They have also lived in Wilmington, DE and Houston, TX. Turns out sometimes there is sex in the champagne room. Access agendas, minutes, meeting information, and member details. At the time, the price averaged $53.78 per share. This includes his assets, money, and income. Lou Pai {Full name Lou Lung Pai (Chinese: ; pinyin: Bi Lulng)} is a Chinese-American businessman and former Enron executive who was born in 1947, Nanjing, China. 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. Code Violations. Before moving to Lou's current city of Wellington, FL, Lou lived in Sugar Land TX, Houston TX and Middleburg VA. . It is one of the largest settlements in the history of the SEC's enforcement program dealing with an individual for alleged insider trading. Lou Lung Pai ( Chinese: ; pinyin: Bi Lulng) (born 23 June 1947) is a Chinese-American businessman and former Enron executive. Lou began offloading his company shares to satisfy his divorce settlement agreement on May 18, 2001. and M.S. Lou Pai has been associated with seven companies, according to public records. Lou Pai Net Worth Lou has a net worth of $270 million as of 2021. Lou Lung Pai (Chinese: ; pinyin: Bi Lulng) (born 23 June 1947) is a Chinese-American businessman and former Enron executive. and M.S. Helpful Links. We've got 50+ tastings from local breweries and distributors throughout Florida. Lou Lung Pai was 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. Panther Ridge Conservation Center. Lou Lung modified into born in Nanjing, China, and came to the united states of The US on the age of two. Dej Enron seis meses antes de que colapsara a fines de 2001, embolsndose ms de US$265 millones por el ejercicio de las opciones de Enron y la venta de acciones. His then-wife of over 20 years, Lanna, with whom he has two biological children, filed for divorce upon learning of the affair. According to his birth date, Lou is 75 years old now. Sat, Mar 4, 2023 10:00 AM PST + 23 more events. Jupiter Medical Center Inc. 1210 S Old Dixie Hwy, Jupiter, FL, 33458 . [2] He left Enron with over $250 million. In 1976 Lou married his first wife Lanna. Lou Lung Pai (Chinese: ; pinyin: Bi Lulng) born in Nanjing, China in 1947, is a Chinese-American businessman and former Enron executive. In total he sold 100% of his stake, 911,715 shares. Lou served in the federal authorities in the Seventies sooner than becoming a member of Enron Company. Peaceful Waters Sanctuary. PAI LOU L & He is also a former Enron Corporation (an American energy and services company) executive. Lou served in the federal government in the 1970s before joining Enron Corporation. Ans. It's a downgrade, . and M.S. Lou and Melanie Pai are still married today. Sign in Home Local Headlines Coronavirus Original Recommend Entertainment Entertainment Celebrities TV & Videos Music Movies As part of the settlement, Pai was also barred from serving as an officer or director of a public company for five years. Lous net worth is $270 Million as of 2023, as he is a businessman and former Enron executive. Pai was CEO of EES (Enron Energy Services) subsidiary from March 1997, until May 2001. At the time Lou Pai's first wife filed for divorce, Enron was trading in the $80-90 range. Lou Pai is somewhat notorious for being fired and forced to sell the majority of his Enron shares several years before the company imploded. Former Enron CEO Jeffrey Skilling is looking at ways to return to the energy business, according to two sources familiar with his activities. The tour was informative and we got to pet and feed capybaras, a sloth and more. And love. Lous fundamentally strip membership visits throughout his time with Enron Company resulted in an affair with a stripper named Melanie Fewell (who modified into additionally married), and it resulted in a being pregnant. The legal description of this lot is: "ISLES AT WELLINGTON PL 2". Brazilian beverage heiress sells waterfront Hibiscus Island home, Stiles sells Publix-anchored plaza near Boynton for $41M. 5. in economics from the University of Maryland, College Park. [11][24][25], Pai's frequent strip club visits during his time with Enron led to an affair with stripper[24] Melanie Fewell (who was also married), and resulted in a pregnancy. 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. He is additionally a dilapidated Enron Company (an American energy and providers and products company) executive. 4. 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. 10115 Forest Hill Blvd Ste 100, Wellington, FL, 33414 . 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. He was eventually brought up on some insider trading charges. In May 2001, Lou Pai suddenly stepped down from Enron. As of 2019, the city had a population of 65,398 according to U.S. Census Bureau estimates, making it t. The forced conversion of people's retirement investments was a vain attempt to offset being forced to sell. Lou Pai is the real mystery man in the Enron scandal. Lou pai the luckiest enron executive. Like there was weird clause that he had to bang somebody else to get divorced. 1. In addition, he was barred from serving as an officer or director of a public company for five years (until 2013). in economics from the University of Maryland, College Park,[2] where his father, Shih-I Pai, was an aeronautics professor. The property is classified as a single family dwelling. 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. the property at 5625, 5605, 5679 and 5727 140th Avenue South in Wellington, FL with Lou L. Pai, a former executive with Enron (Google Maps, Alchetron)Lou Pai, who was a top executive at Enron prior to the company's collapse in the early 2000s, scooped up a Wellington equestrian estate for $8.2 million. Pai obtained both his B.S. Wellington is a village just west of West Palm Beach in Palm Beach County and 66 mi north of Miami. Kon Hai Alakh Pandey aka Physics Wallah Wife Shivani Dubey? They then moved from Sugarland, Texas, to Middleburg, Virginia, and opened the second Canaan Ranch there, but in 2014 it was for sale. 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. His frequent trips to strip clubs culminated in an affair with a married erotic dancer named Melanie Fewell. NFL Player Damar Hamlin in Critical Condition after Collapsing on Field, Legendary Designer Vivienne Westwood Dies Aged 81, 10 Female IAS Officers who can inspire us. After the divorce, Pai and Fewell married. 11164 MARINA BAY RD is paying $31.5 million to settle charges that . Lou left Enron Company with more than $250 million. Appointments & Locations. The chronology of accounts and events leading up to the Enron scandal have frequently portrayed Pai as a mysterious figure. Very shortly after, Enron's stock plummeted from $80 per share to pennies. Floodplain Management. pai-lou: [noun] a usually elaborate Chinese commemorative archway erected in honor of someone highly esteemed (as for virtue) and consisting typically of four heavy square pillars topped with horizontal crossbeams and often buttressed with conventionalized lions and having an incised memorial tablet placed against or near the center crossbeam . Join Facebook to connect with Lou Pai and others you may know. Lou Pai earned his net worth through his tenure serving as the CEO of Enron Energy Services and Enron Xcelerator, a venture capital division of Enron. APC Tells Peter Obi, Atiku Abubakar What To Do as INEC has Declared winner. [9] As a result of the lawsuit, Pai forfeited $6 million due to him from Enron's insurance policy for company officers to a fund for Enron shareholders. Just months later, Enrons stock prices dramatically collapsed and it filed for bankruptcy protection. [4], His sister is Sue Pai Yang,[17] the first Asian American appointed to be a New Jersey Workers' Compensation judge. Pai was the second-largest land owner in Colorado after he purchased the 77,500-acre (314km2) Taylor Ranch[6] for $23 million in 1999,[7] though he sold the property in June 2004 for $60 million. They have also lived in Wilmington, DE and Houston, TX. Ans. By ABC News. [18], Pai joined Enron in 1987, when it was just a regional energy supplier. Pai was a founder and is a former chairman of Element Markets, a renewable-energy consulting firm. We make no guarantees on the validity of the data presented. 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. (Photo By Hyoung Chang/The Denver Post via Getty Images). Savor a brunch meal at International Polo Club Palm Beach. 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. 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. During Lous time with Enron, his regular strip club visits began to an affair with stripper Melanie Fewell (who was also married) as well resulted in a pregnancy. ; 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). 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. Upon learning of the affair, Pais then-wife of over 20 years, Lanna, with whom he has two biological children, filed for divorce. Lou served in the federal government in the 1970s before joining Enron Corporation. He moved to the United Sates when he was two years old. Pai obtained both his B.S. Lou modified into the 2nd-largest land proprietor in Colorado (Western United States). They have three children. Ans. The initial sale of Enron shares has the greatest advantage of protecting Pai from the same insider trading allegations against other Enron executives (who also secretly sold large amounts of shares before the public finances were destroyed publicly). The Registered Agent on file for this company is Pai Natalie and is located at 11164 M,arina Bay Rd, Wellington, FL 33449. Jeff Skillings's major vision for Enron was for the company to transform from a regional energy supplier into a global technology and trading conglomerate. Lou is 74 years old as of 2021, he was born in1947, in Nanjing, China. After the divorce from Lanna, Lou, and Melanie Fewell married. And had every opportunity and reason to fire him, but didn't. DeSantis was ignoring Fauci and . The reasons for his resignation from Enron remain shrouded in mystery. Lou Pai earned his net worth through his tenure serving as the CEO of Enron Energy. Martin Health 844.630.4968. In the year 1987, he joined Enron when it was just a regional energy supplier. Sandy beaches give way to greener pastures for horse lovers in Wellington. Lou Lung Pai was born on 23 June 1947, his birthplace is Nanjing, Republic of China. PAI LOU L & 1707 POST OAK BLVD # 484 HOUSTON, TX77056 Adjacent Properties 11154 MARINA BAY RD(East) WIENCZKOWSKI BRYAN & 11174 MARINA BAY RD(West) GOLAB STEPHAN No Address(Northwest) MARINERS COVE NEIGHBORHOOD ASS No Address(Northwest) ISLES AT WELLINGTON COMMUNITY FloridaParcels.com Lou attempted to enforce an 1844 Mexican Grant to restrict the number of landowners who could use the Taylor Ranch property to seven specific landowners, all who had continuously owned cattle in the area dating back to the grant date. Renewable-Energy consulting firm that you should be rich first 's first wife filed for divorce Enron! Return to the United States at the time lou Pai suddenly stepped down from Enron remain shrouded mystery. On now, lets also add to the point that you should rich! Has Declared winner from serving as an officer or director of a public company for five years is listened. Trump listened to Fauci throughout all of 2020 of our lululemon stores of $ million. 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