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. 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. Pai joined Enron in 1987, when it was still only a regional energy supplier. More only in the near previous, Lou and his family moved to Wellington, Florida, United States of The US. 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. Another exciting thing to do while in Wellington is to enjoy a sumptuous brunch; not just any brunch though, but one with horses. Martin Health 844.630.4968. Lou ended up selling the property a year later for $60 million. More recently, Lou and his family moved to Wellington, Florida, United States of America. 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. Despite a reputation for being extremely introverted, taciturn, and reclusive around the office, Pai also came to symbolize the legendary lavishness and excesses of Enrons corporate culture. Through Elements, Pai has invested in pollution emissions credits. Lou Lung Pai was born on 23 June 1947, his birthplace is Nanjing, Republic of China. Diagnostic & Testing. Wellington FL, 33414. The property is classified as a single family dwelling. 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. Lou Pai is 75 years old and was born on 06/23/1947. AboutPressCopyrightContact. Austin Krajicek Wiki, Age, Biography, Parents, Wife, Ethnicity, Height, Net Worth & More, Lou Lung Pai is a Chinese language-American businessman. To complete the financial terms of his divorce settlement, Lou cashed out more than $250 million of his Enron company stock, just months before the companys stock price badly collapsed and it filed for bankruptcy protection. Properties, Assets & Liabilities View All Public Private Past Address 11164 Marina Bay Rd, WELLINGTON, FL 33449-8361 View Address Year Built: 2001 Baths: 3.00 Pool/Spa: POOL Property Lot Size: 8159 SF Building Area: 2865 Owner: pai lou l & pai melanie k Tax Year: 2018 Tax Amount: $7655.21 Total Market Value: $361,357 Sale Price: $365,000 +Edit . 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. At some point in the mid-1970s through 1986 Lou worked for the Securities Exchange Commission. Lou Lung was born in Nanjing, China, and came to the United States of America at the age of 2. Lou has a net worth of $270 million as of 2021. Find the latest Bollywood News and Celebrity Gossips from Latest In Bollywood. The property information displayed here is obtained from public records. 48 LIPTON LN As the energy market was deregulated, Pai and Skilling went to work to make this vision a reality. Press J to jump to the feed. 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 Pai has been associated with seven companies, according to public records. Lou and Melanie Pai are still married today. Not only hooked up but knocked up which is why his wife divorced him. In May 2022 Lou and Melanie paid $8 million for a 21-acre equestrian estate in Wellington, Florida. He is additionally a dilapidated Enron Company (an American energy and providers and products company) executive. Upon knowing of the affair, Lous then-wife of more than 20 years, Lanna, with whom he has 2 biological children, filed for divorce. Request an Appointment. In 2014 he had to sell the ranch and moved to Wellington, Florida. Kon Hai Alakh Pandey aka Physics Wallah Wife Shivani Dubey? What are Dr. Singer's areas of care? Lou Pai was born in Nanjing, China in 1946 and moved to the United States with his family at the age of two. 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 was CEO of Enron Energy Services. Pai was a founder and is a former chairman of Element Markets, a renewable-energy consulting firm. and M.S. Here are some interesting facts and body measurements you should know about Lou Pai. 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 Stay tuned for more updates on LatestinBollywood. related . Upon learning of the affair, Pai's then-wife of over 20 years, Lanna, with whom he has two biological children, filed for divorce. Sign in Home Local Headlines Coronavirus Original Recommend Entertainment Entertainment Celebrities TV & Videos Music Movies His sister Sue Pai Yang eventually became the first Asian-American to be appointed to be a New Jersey Worker's Compensation judge. The reasons for his resignation from Enron remain shrouded in mystery. This is one of the largest settlements in the history of SEC law enforcement programs that deal with individuals for alleged insider trading. We will update this section when the information is available. Urologists specialize in the male and female urinary tract and. 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. Pai's Colorado ranchland included the 14,047-foot mountain Culebra Peak. Lou Lung Pai ( Chinese: ; pinyin: Bi Lulng) (born 23 June 1947) is a Chinese-American businessman and former Enron executive. He is additionally a dilapidated Enron Company (an American energy and providers and products company) executive. He left Enron with over $280 million. The Registered Agent on file for this company is Pai Natalie and is located at 11164 M,arina Bay Rd, Wellington, FL 33449. Lou Pai was a recluse.Extremely introverted.Very reserved.That is.inside the office.Outside the office.Pai symbolised the legendary lavishness and excess. Background Report for Lou L. Pai [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. Lou Lung Pai is a Chinese language-American businessman. 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. Lou has a net worth of $270 million as of 2021. Lou was the 2nd-largest land owner in Colorado (Western United States). Lou Lung Pai was born on 23 June 1947, According to his birth date, Lou is 75 years old now. Wellington's main governing body is the Village Council. In May 2001, Lou Pai suddenly stepped down from Enron. Lou began offloading his company shares to satisfy his divorce settlement agreement on May 18, 2001. Lou Pai Net Worth Lou has a net worth of $270 million as of 2021. Age of April Kimble biography: twin, birthdate, height, who is Lyle Lovett married to? Pai also allegedly brought strippers back to Enron's offices for late night parties. HOUSTON, TX 77056. When Jeff became President of Enron in 1997, one of his first acts was to make Lou the CEO of EES (Enron Energy Services), a position he held through 2001. More recently, Pai and his family have moved to Wellington, Florida.[29][30]. He left Enron with over $250 million. and M.S. Information should be independently confirmed and you use the information displayed here at your own risk. Despite being married, Pai is known: spending a lot of time during and after business hours at Houston's regional clubs; use Enron jet for personal travel; and, cost several hundred dollars lunch for himself and accompany the staff to the company's expense account (until Chairman Ken Lay later forbade it). Lou Lung Pai (Chinese: ; pinyin: Bi Lulng) (born 23 June 1947) is a Chinese-American businessman and former Enron executive. Recently, Pai and his family moved to Wellington, Florida. What We Treat. With approximately 65,000 residents Wellington is the 5th largest municipality in Palm Beach County by population. His neighbors reportedly referred to the farm as "Mount Pai". Lou Lung Pai (Chinese: ; pinyin: Bi Lulng) born in Nanjing, China in 1947, is a Chinese-American businessman and former Enron executive. Lou paimiddleburg, VAReputation Score: 2.50/5Alert: Court Records. During Enron's career, Skilling placed Pai in charge of several Enron subsidiaries. It was later revealed that he had been using Enron's corporate jet for personal commuting but the true reason for his departure may have been related to an extramarital affair with a stripper. We make no guarantees on the validity of the data presented. Pai joined Enron in 1987, when it was still just a regional energy supplier. His frequent trips to strip clubs culminated in an affair with a married erotic dancer named Melanie Fewell. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. Community. [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. Below are 15 of the best things to do in Wellington. Ans. A former executive of the energy trading firm, he cashed in an estimated $270 million in stock and left the company before it collapsed,. 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. OLD WESTBURY, NY 11568. Pai worked for the federal government in the 1970s before joining Enron. Born in Lake Worth. in economics from the University of Maryland, College Park, where Lous father, Shih-I Pai, was an aeronautics professor. July 30,2008, 2008 -- A former top executive of collapsed EnronCorp. 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. Panther Ridge Conservation Center. 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. Pai and Fewell married, after the divorce. Lou worked for the federal government in the 1970s before joining Enron. Lou Pai settled with the SEC over charges of insider trading. Wellington Regional Medical Center. "United States Securities and Exchange Commission v. Lou L. Pai, Civil Action NoH-08-CV-2338", "United States Securities and Exchange Commission v. Lou L. Pai, Civil Action No. Type above and press Enter to search. Overview. 2. Lou served in the federal authorities in the Seventies sooner than becoming a member of Enron Company. Pai obtained both his B.S. As part of the settlement, Pai was also barred from serving as an officer or director of a public company for five years. She is now known as Melanie Pai. 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. Lous salvage fee is $270 Million as of 2023, as hes a businessman and dilapidated Enron executive. The affair resulted in a pregnancy. Alzheimer's Disease & Dementias. The divorce filing would inadvertently be an extremely lucky turn of events for Lou Pai. Q.2 What's Lou Pai's age? Pai was born in Nanjing, China and came to the United States at the age of two. 3. Word of Pai's strip club antics and expense account soon reached all the way up to Ken Lay, who was forced to issue a directive that strippers and strip club tabs could no longer be expensed. In the year 1987, he joined Enron when it was just a regional energy supplier. He modified into CEO of Enron Vitality Products and providers. Pai and his family then have moved to Wellington, Florida where they live. Pais resignation from Enron and his reasons for doing so remain shrouded in mystery. FREE Background Report & Reputation Score (4.28) for Melanie Pai in Wellington, FL. in economics from the University of Maryland, College Park. More recently, Pai and his family have moved to Wellington, Florida. Lou left Enron Company with more than $250 million. Code Violations. 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). We welcome all corrections and feedback using the button below. His then-wife of over 20 years, Lanna, with whom he has two biological children, filed for divorce upon learning of the affair. We've got 50+ tastings from local breweries and distributors throughout Florida. Ares bought the two warehouses at 644-646 Park of Commerce Way in Boca Raton from the propertys developer, McCraney Property Company, according to records and real estate database Vizzda. 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 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. [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. H-08-2338 (SDTX)", "Dr. Shih-I Pai, 82, Researcher Who Advanced Aerodynamics", "Who We Are: Board of Directors: Hon. 3.0 Office cleanliness. Jay Miller of West Palm Beach went home to be with Jesus on Monday May 24th, 2021. In the past, Lou has also been known as Lou Lung Pai, Lau Pai, Lama Pai and Lou L Pai. The former Enron executive,blamed for some of the company's biggest flops, sold$270 million worth of Enron stock to raise . Pai worked for the federal government in 1970 before joining Enron. The house was sold for $365,000 on Feb 1, 2016. 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