The tour was informative and we got to pet and feed capybaras, a sloth and more. Lou obtained both his B.S. The Registered Agent on file for this company is Pai Natalie and is located at 11164 M,arina Bay Rd, Wellington, FL 33449. Information should be independently confirmed and you use the information displayed here at your own risk. The reasons for his resignation from Enron remain shrouded in mystery. 10101 Forest Hill Blvd, Wellington, FL, 33414 . in economics. 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. 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. Pai would soon be one of Skilling's top lieutenants and was put in charge of many key Enron projects and subsidiaries. Background. Went to work . 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 Pai is somewhat notorious for being fired and forced to sell the majority of his Enron shares several years before the company imploded. Request an Appointment. Village Manager. His neighbors reportedly referred to the farm as "Mount Pai". . Lou is alive and in good health. They have also lived in Wilmington, DE and Houston, TX. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. 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. More recently, Pai and his family have moved to Wellington, Florida. Lou Pai is the real mystery man in the Enron scandal. H-08-CV-2338 [Complaint]", "U.S. Securities and Exchange Commission v. Lou L. Pai, Civil Action No. Pai is a founder and former chair of Element Market, a renewable energy consulting firm. 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. 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. After the divorce, Pai and Fewell married. 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. At the time, the price averaged $53.78 per share. CHRISPIN CARLO S MD 1. They later moved from Sugarland, Texas, to Middleburg, Virginia, and opened a second Canaan Ranch there, but as of 2014, it is up for sale. 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. He left Enron with over $280 million. PAI LOU L & 1. The chronology of accounts and events leading up to the Enron scandal have frequently portrayed Pai as a mysterious figure. Population: 61,637 (2020) 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 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. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. 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. After graduating he went to work for the Federal government. 11164 MARINA BAY RD ADHD and Women: Misunderstood, Misdiagnosed & Moving Forward for Change. Rosanna Scotto Husband: Louis John Ruggiero Age, Wife, Children, Worth. Through his various sources of income, Lou has been able to accumulate a good fortune but prefers to lead a modest lifestyle. 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. 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". Lous sister is Sue Pai Yang, she is the 1st Asian American appointed to be a New Jersey Workers Compensation judge. Lou Pai and Jeff Skilling quickly bonded and rose the ranks of Enron over the next decade. Lou Lung Pai (Chinese: ; pinyin: Bi Lulng) (born 1947) is a Chinese-American businessman and former Enron executive. Born in Nanjing, China, he emigrated with his parents to the United States when he was 2. After the divorce from his first wife was finalized Lou Pai did end up marrying the exotic dancer he impregnated, Melanie Fewell. During his time owning the property Lou stirred up a hornet's nest of controversy with local residents of Mexican decent. This property is classified as Residential (Single Family). The buyer was North Star Wellington LLC, managed by Louis "Lou" Jacobs and his wife, Joan B. Jacobs.JPMorgan Chase Bank provided a $8.25 million mortgage to the buyer, which used the same . We welcome all corrections and feedback using the button below. He appears to be quite tall in stature if his photos, relative to his surroundings, are anything to go by. Code Violations. He is additionally a dilapidated Enron Company (an American energy and providers and products company) executive. Four of the companies are still active while the remaining three are now listed as inactive. [20][26][27] They later moved from Sugar Land, Texas, to Middleburg, Virginia, and opened a second Canaan Ranch there,[28] but as of 2014, it is up for sale. . Links: en.wikipedia.org. Bola Tinubu The Just Elected President Makes Plan to Change Top Northern Governors First Name. 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. 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. Kon Hai Alakh Pandey aka Physics Wallah Wife Shivani Dubey? Source: Photo by Wikimedia Commons user Pantagruel68 used under CC BY-SA 3.0. Pai was a founder and is a former chairman of Element Markets, a renewable-energy consulting firm. Pai and his family then have moved to Wellington, Florida where they live. and M.S. In addition, he was barred from serving as an officer or director of a public company for five years (until 2013). It's a downgrade, . 1. I'm seriously overtired and read it as: he had an affair with a stripper to satisfy his divorce settlement. Lou Pai is the real mystery man in the Enron scandal. Helpful Links. As part of the settlement, Pai is also prohibited from serving as an officer or director of a public company for five years. She is now known as Melanie Pai. 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. Submit a correction suggestion and help us fix it! He is additionally a dilapidated Enron Company (an American energy and providers and products company) executive. Come visit us at one of our lululemon stores. It is one of the largest settlements in the history of the SEC's enforcement program dealing with an individual for alleged insider trading. His birthday is publicly not available. 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". Entitlement Reform will be the next attack on Ron. You learn something new every day; what did you learn today? Ex-Enron boss Lou Pai pays $8M for Wellington equestrian estate - NewsBreak 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. Lou began offloading his company shares to satisfy his divorce settlement agreement on May 18, 2001. and M.S. But he got to the top of the stock sale list mostly because of the shares he sold in the first half of 2000, after. PAI LOU L & They have also lived in Wilmington, DE and Houston, TX. Sherron Watkins, Enrons former Vice President of Corporate Development. AboutPressCopyrightContact. Lou Pai was a recluse.Extremely introverted.Very reserved.That is.inside the office.Outside the office.Pai symbolised the legendary lavishness and excess. . Guided Meditation. Ron DeSantis expressed support for privatizing Medicare and Social Security during his first campaign for Congress in 2012, giving political rivals who have pledged to protect the programs an opening to attack him ahead of DeSantis' expected run for president in 2024. [21][22] Since then, Pai has emerged as a partner in Midstream Capital Partners LLC. Well hold on now, lets also add to the point that you should be rich first. Sat, Mar 4, 2023 10:00 AM PST + 23 more events. Community. 2023 Celebrity Net Worth / All Rights Reserved. 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. View the profiles of people named Lou Pai. Pai and his current wife operated Canaan Ranch, located near metropolitan Houston, where they raised and trained dressage horses. The legal description of this lot is: "ISLES AT WELLINGTON PL 2". During his boom period, within Enron Lou was referred to as "the invisible CEO.". Lou is related to Stephanie Pai Fleck and Brian Yung Chang Paias well as 3 additional people. "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. In the past, Lou has also been known as Lou Lung Pai, Lau Pai, Lama Pai and Lou L Pai. in economics. Wellington's main governing body is the Village Council. According to his birth date, Lou is 75 years old now. [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. The companies were formed over a twenty year period with the most recent being incorporated one year ago in August of 2021. 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 Lung Pai was born on 23 June 1947, According to his birth date, Lou is 75 years old now. Recently, Pai and his family moved to Wellington, Florida. 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. [10] After the divorce, Pai and Fewell married. My mate married a stripper he met on Holiday. WELLINGTON, FL 33449, PAI LOU L &11164 MARINA BAY RDWELLINGTON, FL 33449, changed from [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. At the time Lou Pai's first wife filed for divorce, Enron was trading in the $80-90 range. 21,816 views 9.5 (2 votes) Categories. The lot is 8157 square feet, the land value of which is assessed at writeCurrency("120000");. Lou and Melanie Pai are still married today. Just months later, Enrons stock prices dramatically collapsed and it filed for bankruptcy protection. 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. Since then, Pai has emerged as a partner in Midstream Capital Partners LLC.

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