[2] He left Enron with over $250 million. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. Both their Texas and Virginia ranches are called Canaan Ranch. Lou Lung Pai is a Chinese-American businessman. 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. We make no guarantees on the validity of the data presented. Skilling impressed Enron's CEO Kenneth Lay and was hired away in 1991. is paying $31.5 million to settle charges that . 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. src: jhm-cms.imgix.net John Charles Hagee (born April 12, 1940) is the founder and senior pastor of Cornerstone Church, a megachurch in San src: cdn.shopify.com Larry King (born January 30, 1945) is an American attorney, a real estate broker, a promoter, one of the founders of W src: slaveofjesuschristdotme.files.wordpress.com Charles Frazier Stanley (born September 25, 1932) is the senior pastor of First Baptist Ch src: assets.entrepreneur.com Michael G. Rubin (born 1972) is an American businessman. Wellington Conservation Center. During his Enron career, Skilling put Pai in charge of multiple Enron subsidiaries; Pai was CEO of the EES (Enron Energy Services) subsidiary from March 1997, until May 2001. With approximately 65,000 residents Wellington is the 5th largest municipality in Palm Beach County by population. H-08-CV-2338 [Complaint]", "U.S. Securities and Exchange Commission v. Lou L. Pai, Civil Action No. Lou Pai is a Chinese-American businessman and mathematical genius who has a net worth of $200 million. Phone: 561-791-4000 or 561-363-7905. Over the next few years Enron grew into the fifth largest company in the world by market cap, thanks largely to its natural gas trading desk. He was eventually brought up on some insider trading charges. I remember reading that other top Enron execs bought huge houses in Florida before the . in economics. Pai left Enron with over $280 million after selling a substantial amount of his shares. Lou has a net worth of $270 million as of 2021. Pai obtained both his B.S. He settled those charges in July 2008, agreed to an out-of-court settlement that reportedly involved a $30 million restitution payment and a $1.5 million fine. Upon knowing of the affair, Lous then-wife of more than 20 years, Lanna, with whom he has 2 biological children, filed for divorce. Lou and Melanie collectively operated Canaan Ranch, which is positioned terminate to 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. Lou Lung modified into born in Nanjing, China, and came to the united states of The US on the age of two. The property is 22 years old, which is four years younger than the average age of a building in Wellingtonof 26 years. [10] As part of the settlement, Pai was also barred from serving as an officer or director of a public company for five years. He is one of the few former Enron executives who ended up with a massive fortune. Appointments & Locations. Lou Lung Pai (Chinese: ??? Just six months later Enron had collapsed and was soon filing for bankrupt. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. We welcome all corrections and feedback using the button below. Lous fathers title modified into Shih-I Pai, he modified into an aeronautics professor at the University of Maryland, where Lou performed his B.S. Knocking up random strippers is clearly the key to financial success . In May 2001, Lou Pai suddenly stepped down from Enron. 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. Lou Pai's divorce might have been the fatal blow, actually. I Love to read n write about Things that I find Interesting. Code Violations. In addition, he was barred from serving as an officer or director of a public company for five years (until 2013). [13] His neighbors reportedly referred to the ranch as "Mount Pai". Lou Pai Wiki:- Lou Pai (Born: 23 June 1947; Age 75 years), who is additionally known as Lou Lung Pai, is a Chinese language-American businessman. Information should be independently confirmed and you use the information displayed here at your own risk. Lou has a net worth of $270 million as of 2021. Home to an internationally recognized equestrian community (with a social scene to match), this city in The Palm Beaches offers endless opportunities to play by day and ride off into the sunset at night. 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 companys collapse in the early 2000s, scooped up a Wellington equestrian estate for $8.2 million.Pai and his wife, Melanie, bought the property at 5605, 5625, 5679 and 5727 140th Avenue South in Wellington from Shear Holdings Wellington, accor. View the profiles of people named Lou Pai. They are especially involved in the Olympic sport of dressage. Lou is 74 years old as of 2021, he was born in1947, in Nanjing, China. 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. Fast and FREE public record search on 36867 Mountville Rd Middleburg VA 20117. also known as Lou L Pai Lou Pailou. It is one of the largest settlements in the history of the SEC's enforcement program dealing with an individual for alleged insider trading. Through Element, Pai has invested in pollution emissions credits. 4.0 Courteous staff. This is one of the largest settlements in the history of SEC law enforcement programs that deal with individuals for alleged insider trading. Jupiter Medical Center Inc. 1210 S Old Dixie Hwy, Jupiter, FL, 33458 . Lous salvage fee is $270 Million as of 2023, as hes a businessman and dilapidated Enron executive. I thought meeting the stripper was a requirement of the divorce settlement , The moral of the story, ladies and gentlemen, is that its always a good idea to hook up with a stripper. Lou Pai has not been charged with any criminal wrongdoing in the Enron scandal and has exercised his 5th Amendment right in regard to the subsequent Enron class action. Wellington's main governing body is the Village Council. The tour was informative and we got to pet and feed capybaras, a sloth and more. 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. According to legend, when asked by co-workers how he hid the smell of strippers and strip clubs from his wife, Pai explained that on his drive home from the club he would stop by a gas station and "spill a little gas on my suit," to literally throw his wife off the scent of his affairs. The lot is 8157 square feet, the land value of which is assessed at writeCurrency("120000");. Lou left Enron Company with more than $250 million. Ans. He became one of the chief CEO Jeffrey Skilling, especially in charge of detailing and implementing Skilling's vision to transform Enron into a de facto commodity trading company. 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. He moved to the United Sates when he was two years old. [4], His sister is Sue Pai Yang,[17] the first Asian American appointed to be a New Jersey Workers' Compensation judge. [10] This early sell-off of Enron stock had the benefit of shielding Pai from the insider trading charges leveled against other Enron executives who had also secretly sold off large amounts of stock before the company's ruinous finances were publicly known. Ans. Pai, a 54-year-old U.S. citizen from Nanjing, China, quit the company last June. The total living area is 3,182 sqft. Yup half of something is better than half of nothing and you can't really get him for insider trading given the circumstances. Pai and Fewell married, after the divorce. Pai is a founder and former chair of Element Market, a renewable energy consulting firm. There 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. Pai and his wife currently operate Canaan Ranch, located near metropolitan Houston, where they lift and train horses in the locker room. The Mall at Wellington Green. Ans. This property is classified as Residential (Single Family). 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. Lou was the 2nd-largest land owner in Colorado (Western United States). 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. Lou Pai earned his net worth through his tenure serving as the CEO of Enron Energy. Wellington Classic Brewfest is HAPPENING NOW at Town Center! Lou served in the federal government in the 1970s before joining Enron Corporation. Lou Lung Pai was born on 23 June 1947, According to his birth date, Lou is 75 years old now. Lou Pai is somewhat notorious for being fired and forced to sell the majority of his Enron shares several years before the company imploded. Here are some interesting facts and body measurements you should know about Lou Pai. I want to know why his divorce settlement specified that he had to have an affair with a stripper. Through Elements, Pai has invested in pollution emissions credits. Buildings > Homes - Celebrity - Sports - Football; Collections. Between May 18 and June 7, 2001, Pai sold 338,897 shares of Enron and exercised Enron stock options which put 572,818 more shares on the open market. He became one of (eventual) CEO Jeffrey Skillings top lieutenants, primarily tasked with detailing and implementing Skillings vision of transforming Enron into a de facto energy-commodities-trading firm. The property information displayed here is obtained from public records. Search for "PAI LOU L &" in Florida's Voter Registry. 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. Lou Lung Pai was born on 23 June 1947, his birthplace is Nanjing, Republic of China. 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. Ans. Sign in Home Local Headlines Coronavirus Original Recommend Entertainment Entertainment Celebrities TV & Videos Music Movies WELLINGTON, FL 33449, PAI LOU L &11164 MARINA BAY RDWELLINGTON, FL 33449, changed from Lou Lung Pai is a Chinese-American businessman. Innovative technical gear is just around the corner. Despite its reputation as a very closed, quiet, and closed person around the office, Pai also came to symbolize the legendary luxuries and excesses of Enron's corporate culture. The property is classified as a single family dwelling. is one building on the property. Turns out sometimes there is sex in the champagne room. Lou Pai was a recluse.Extremely introverted.Very reserved.That is.inside the office.Outside the office.Pai symbolised the legendary lavishness and excess. 1. Submit a correction suggestion and help us fix it! as well as M.S. Alzheimer's Disease & Dementias. Pais resignation from Enron and his reasons for doing so remain shrouded in mystery. Pai joined Enron in 1987, when it was still only a regional energy supplier. in economics from the University of Maryland, College Park, where Lous father, Shih-I Pai, was an aeronautics professor. In May 2022 Lou and Melanie paid $8 million for a 21-acre equestrian estate in Wellington, Florida. However, 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. 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. July 30,2008, 2008 -- A former top executive of collapsed EnronCorp. Not only hooked up but knocked up which is why his wife divorced him. We will update this section when the information is available. in economics from the University of Maryland, College Park. The Wellington Aquatics Complex spray ground is closing for maintenance on Sunday, February 26th and will remain closed through Monday, March 6th. They have three children. He is Chief Executive Officer of Kynetic, the direct src: c8.alamy.com Lou Lung Pai (Chinese: ??? Pai and his wife, Melanie, bought. Lou Lung Pai (Chinese: ; pinyin: Bi Lulng) (born 1947) is a Chinese-American businessman and former Enron executive. [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. Population: 61,637 (2020) The chronology of accounts and events leading up to the Enron scandal have frequently portrayed Pai as a mysterious figure. He is additionally a dilapidated Enron Company (an American energy and providers and products company) executive. Pai diriga la unidad de energa minorista de Enron y lleg a la empresa despus de trabajar en ConocoPhillips y DuPont. As of 2019, the city had a population of 65,398 according to U.S. Census Bureau estimates, making it t. In 1976 Lou married his first wife Lanna. Lous sister is Sue Pai Yang, the first Asian American appointed to be a New Jersey Workers Compensation judge. Shop online & pick up in store. 48 LIPTON LN 204 GLEN COVE RD In total he sold 100% of his stake, 911,715 shares. PAI LOU L & 2. Helpful Links. They would have two children before divorcing in 2000. Pai's Colorado ranchland included 14,047-foot mountain, Culebra Peak. . Stay tuned for more updates on LatestinBollywood. Recently, Pai and his family moved to Wellington, Florida. 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. The reasons for his resignation from Enron remain shrouded in mystery. The moral of the story is to be married to someone who does that. 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