A math prodigy from a very young age, Lou eventually earned Bachelor's Degree and Masters Degree in economics from the University of Maryland. HOUSTON, TX 77056. Went to work . Lou was the 2nd-largest land owner in Colorado (Western United States). He appears to be quite tall in stature if his photos, relative to his surroundings, are anything to go by. 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. Posted by Lou Pai on 2/19/23 at 9:09 am to jbdawgs03. And had every opportunity and reason to fire him, but didn't. DeSantis was ignoring Fauci and . Wellington is a village just west of West Palm Beach in Palm Beach County and 66 mi north of Miami. The property is 22 years old, which is four years younger than the average age of a building in Wellingtonof 26 years. in economics from the University of Maryland, College Park. [12], Despite a reputation for being extremely introverted, taciturn, and reclusive around the office, Pai also came to symbolize the legendary lavishness and excesses of Enron's corporate culture. Listing provided by BeachesMLS $974,900 5 bds 4 ba 2,976 sqft - House for sale 3D Tour 2207 Stotesbury Way, Wellington, FL 33414 PARTNERSHIP REALTY INC. $1,750,000 5 bds 7 ba 4,789 sqft - House for sale 223 days on Zillow 9822 Shepard Pl, Wellington, FL 33414 In May 2022 Lou and Melanie paid $8 million for a 21-acre equestrian estate in Wellington, Florida. This includes his assets, money, and income. Homes of NFL team owners by Xeba73; Comments. Upon learning of the problem, Pai's wife who is over 20 years old, Lanna, with whom she has two biological children, filed for divorce. The reasons for his resignation from Enron remain shrouded in mystery. [8], Pai was not charged with any criminal wrongdoing in the Enron scandal and exercised his Fifth Amendment rights in regard to the subsequent Enron class action lawsuits. Lou Lung Pai ( Chinese: ; pinyin: Bi Lulng) (born 23 June 1947) is a Chinese-American businessman and former Enron executive. also known as Lou L Pai Lou Pailou. is one building on the property. Phone: 561-791-4000 or 561-363-7905. 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 Lung Pai was born on 23 June 1947, his birthplace is Nanjing, Republic of China. According to his birth date, Lou is 75 years old now. Upon intellectual of the affair, Lous then-wife of more than two decades, Lanna, with whom he has 2 biological younger participants, filed for divorce. Lou worked for the federal government in the 1970s before joining Enron. This property is classified as Residential (Single Family). in economics. 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 Lung Pai (Chinese: ; pinyin: Bi Lulng) (born 23 June 1947) is a Chinese-American businessman and former Enron executive. Ans. 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. The affair resulted in a pregnancy. 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. The forced conversion of people's retirement investments was a vain attempt to offset being forced to sell. He moved to the United Sates when he was two years old. Lou Pai is a Chinese-American businessman and mathematical genius who has a net worth of $200 million. and M.S. He could charge several hundred dollars worth of lunches for himself and accompanying staff to the corporate expense account and use the Enron corporate jet for personal commuting until Chairman Ken Lay later prohibited it. [10] He continues to neither admit nor deny the Securities and Exchange Commission claims that he sold millions of shares of Enron stock based on non-public information about the company's financial problems. Diagnostic & Testing. Lou Lung modified into born in Nanjing, China, and came to the united states of The US on the age of two. Lou Pai is 75 years old and was born on 06/23/1947. He never served a moment of jail time. Florida Gov. Helpful Links. Pai was born in Nanjing, China and came to the United States at the age of two. Ans. [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. During his Enron career, Skilling put Pai in charge of multiple Enron subsidiaries. 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. . Lou and Melanie Pai are still married today. [3] To satisfy the financial terms of his divorce settlement, Pai cashed out approximately $250 million of his Enron stock[24] just months before the company's stock price dramatically collapsed and it filed for bankruptcy protection. The legal description of this lot is: "ISLES AT WELLINGTON PL 2". His then-wife of over 20 years, Lanna, with whom he has two biological children, filed for divorce upon learning of the affair. Accounts of the Enron scandal have frequently portrayed him as a mysterious figure; a former Enron employee, interviewed in the documentary film Enron: The Smartest Guys in the Room, referred to Pai as "the invisible CEO". The mansion sits on a wooded lot that is nearly five acres! 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. Weston & Indian River 877.463.2010. He was CEO of Enron Energy Services. in economics. As of 2019, the city had a population of 65,398 according to U.S. Census Bureau estimates, making it t. Join Facebook to connect with Lou Pai and others you may know. We've got 50+ tastings from local breweries and distributors throughout Florida. After the divorce from his first wife was finalized Lou Pai did end up marrying the exotic dancer he impregnated, Melanie Fewell. Background Report for Lou L. Pai Overview. He is also a former Enron Corporation (an American energy and services company) executive. 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. During Enron's career, Skilling placed Pai in charge of several Enron subsidiaries. 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. By summer, FL was basically wide open and one of the first open states in the Union, despite "muh record cases in FL." . Lou Pai is the real mystery man in the Enron scandal. 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. . Not only hooked up but knocked up which is why his wife divorced him. Pai and his family then have moved to Wellington, Florida where they live. Lou was born in 1947, in Nanjing, China, and came to the United States at the age of 2 years. Savor a brunch meal at International Polo Club Palm Beach. The moral of the story is to be married to someone who does that. 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. Sherron Watkins, Enrons former Vice President of Corporate Development. Pai's frequent strip club visits during his time with Enron led to an affair with stripper Melanie Fewell (who was married, herself), and resulted in a pregnancy. Pai would soon be one of Skilling's top lieutenants and was put in charge of many key Enron projects and subsidiaries. in economics from the University of Maryland, College Park. 2. Wellington FL, 33414. This is one of the largest settlements in the history of SEC law enforcement programs that deal with individuals for alleged insider trading. Appointments & Locations. 204 GLEN COVE RD The employees and retirees lost a great deal of their pension and benefits. When Pai's wife learned of the affair, she filed for divorce. 1. There have been no reports of him being sick or having any health-related issues. He continues to disown or deny the Securities and Exchange Commission claims that he sells millions of Enron shares based on non-public information about the company's financial matters. I want to know why his divorce settlement specified that he had to have an affair with a stripper. 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. and M.S. 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. At that time, the average price was $ 53.78 per share. 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