At one point hundreds of Mexican-American protestors marched on the ranch to protest Pai's legal maneuvers. 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. Pai worked for the federal government in the 1970s before joining Enron. Lou Pai is a Chinese-American businessman and mathematical genius who has a net worth of $200 million. Pai's Colorado ranchland included 14,047-foot mountain, Culebra Peak. 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. Pai and his wife, Melanie, bought. It's a downgrade, . Lou worked for the federal government in the 1970s before joining Enron. 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. Ans. Pai obtained both his B.S. Phone: 561-791-4000 or 561-363-7905. Lou left Enron Company with more than $250 million. Diagnostic & Testing. He is also a former Enron Corporation (an American energy and services company) executive. 10115 Forest Hill Blvd Ste 100, Wellington, FL, 33414 . n/a Average office wait time. During his time at the now-defunct energy company, Pai was often referred to as "the invisible CEO.". Animal Nuisance. Pai was born in Nanjing, China and came to the United States at the age of two. as well as M.S. What are Dr. Singer's areas of care? 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. Ans. He became one of (eventual) CEO Jeffrey Skilling's top lieutenants, primarily tasked with detailing and implementing Skilling's vision of transforming Enron into a de facto energy commodities-trading firm. . APC Tells Peter Obi, Atiku Abubakar What To Do as INEC has Declared winner. Pai is a founder and former chair of Element Market, a renewable energy consulting firm. 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. The moral of the story is to be married to someone who does that. Lou Lung Pai was born on 23 June 1947, According to his birth date, Lou is 75 years old now. [20] Through Element, Pai has invested in pollution emissions credits. This early sell-off of Enron stock had the fortuitous benefit of shielding Pai from the same insider trading charges leveled against other Enron executives (who had also secretly sold-off large amounts of stock, before the companys ruinous finances were publicly known). Here are some interesting facts and body measurements you should know about Lou Pai. At this time, future-CEO Jeffrey Skilling was working closely with Enron as a consultant for McKinsey. [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. Information should be independently confirmed and you use the information displayed here at your own risk. 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. Jay graduated from Lake Worth High School, Class of 81. The chronology of accounts and events leading up to the Enron scandal have frequently portrayed Pai as a mysterious figure. also known as Lou L Pai Lou Pailou. At the time Lou Pai's first wife filed for divorce, Enron was trading in the $80-90 range. 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. and M.S. By summer, FL was basically wide open and one of the first open states in the Union, despite "muh record cases in FL." . Lou modified into CEO of Enron Vitality Products and providers from March 1997 till January 2001 and later CEO of Enron Xcelerator (a project capital division of Enron) from February 2001 till June 2001. Pai was CEO of EES (Enron Energy Services) subsidiary from March 1997, until May 2001. 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 left Enron with over $280 million. 48 LIPTON LN The fact of the matter is Trump listened to Fauci throughout all of 2020. Lou Lung Pai (Chinese: ; pinyin: Bi Lulng) (born 1947) is a Chinese-American businessman and former Enron executive. Lou Pai was born in Nanjing, China in 1946. Lou Pai Wiki:- Lou Pai (Born: 23 June 1947; Age 75 years), who is also known as Lou Lung Pai, is a Chinese-American businessman. Very shortly after, Enron's stock plummeted from $80 per share to pennies. More recently, Pai and his family have moved to Wellington, Florida. Born in Lake Worth. Subscribe and get full access to Ground News. Below are 15 of the best things to do in Wellington. 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. Original SportsCenter anchor Lou Palmer died of lung cancer Oct. 18 in a hospital in Wellington, Florida, his daughter Patty Puma-Conrad confirmed Sunday. Background Report for Lou L. Pai 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. 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. [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. We welcome all corrections and feedback using the button below. 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. Sign in Home Local Headlines Coronavirus Original Recommend Entertainment Entertainment Celebrities TV & Videos Music Movies The couple opened a second Canaan Ranch when they later moved from Sugar Land, Texas, to Middleburg, Virginia, but put it up for sale as of 2014. There have been no reports of him being sick or having any health-related issues. Wellington's main governing body is the Village Council. 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. Lou Lung Pai is a Chinese-American businessman. 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. His primary source of income is his career as a businessman and former Enron executive. Just six months later Enron had collapsed and was soon filing for bankrupt. 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. Lost Pet. Went to work . OLD WESTBURY, NY 11568. The spray ground is expected to reopen for normal hours on Tuesday, March 7th. Wellington FL, 33414. Lou Pai, ex CEO de Enron Energy Services. in economics. 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 Pai is the real mystery man in the Enron scandal. Press J to jump to the feed. Pai obtained his Bachelor of Science Degree and Master of Science Degree in economics from the University of Maryland, College Park where his father was a professor. Lou Lung Pai (Chinese: ; pinyin: Bi Lulng) (born 23 June 1947) is a Chinese-American businessman and former Enron executive. Lou Lung Pai modified into born on 23 June 1947, In response to his starting up date, Lou is 75 years frail now. Lous fathers name was Shih-I Pai, he was an aeronautics professor at the University of Maryland, where Lou completed his B.S. Ans. He got every his B.S. Lou Lung Pai modified into born on 23 June 1947, his birthplace is Nanjing, Republic of China. Lou has a net worth of $270 million as of 2021. Both their Texas and Virginia ranches are called Canaan Ranch. Because he sold all of his shares before the company imploded, Lou was shielded from the charges that many other Enron executives faced in the following years. Kon Hai Alakh Pandey aka Physics Wallah Wife Shivani Dubey? Pai left Enron with over $280 million after selling a substantial amount of his shares. Wellington is a village just west of West Palm Beach in Palm Beach County and 66 mi north of Miami. [16][17] Pai worked for the federal government in the 1970s before joining Enron. 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. On this Wikipedia the language links are at the top of the page across from the article title. Wellington, FL. 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). 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. Ans. Pai was a founder and is a former chairman of Element Markets, a renewable-energy consulting firm. in economics from the University of Maryland, College Park, where his father, Shih-I Pai, is a prominent aeronautical professor. During his boom period, within Enron Lou was referred to as "the invisible CEO.". The family settled in Maryland where his father landed a job as a professor of aeronautics at the University of Maryland, College Park. Patricia S. Howard - Apr 11, 2020 Maria E. Mendez - Apr 8, 2020 Phyllis Sokol - Apr 4, 2020 Deborah M. Breindel, 57 - Mar 30, 2020 Muriel Freedman, 90 - Mar 30, 2020 Faye P. Himmelstein, 93 - Mar 19, 2020 . 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". Upon learning of the affair, Pai's then-wife of over 20 years, Lanna, with whom he has two biological children, filed for divorce. Four of the companies are still active while the remaining three are now listed as inactive. 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. At the time, the price averaged $53.78 per share. 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. Wellington FL, 33414. 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 Lung Pai is a Chinese language-American businessman. Submit a correction suggestion and help us fix it! Background. Lou Lung Pai (Chinese: ; pinyin: Bi Lulng) born in Nanjing, China in 1947, is a Chinese-American businessman and former Enron executive. 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. 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. 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. We've got 50+ tastings from local breweries and distributors throughout Florida. To meet the financial requirements for the settlement of his divorce, Pai cashed about $ 250 million from Enron shares - just months before the company's stock price dramatically collapsed, and it filed for bankruptcy protection. Pai's Colorado ranchland included the 14,047-foot mountain Culebra Peak. 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. in economics. She is now known as Melanie Pai. It is one of the largest settlements in the history of the SEC's enforcement program dealing with an individual for alleged insider trading. and M.S. The former Enron executive,blamed for some of the company's biggest flops, sold$270 million worth of Enron stock to raise . The total living area is 3,182 sqft. All net worths are calculated using data drawn from public sources. PAI LOU L & Homes of NFL team owners by Xeba73; Comments. Lou is alive and in good health. Not only hooked up but knocked up which is why his wife divorced him. and M.S. Among the ventures he is considering is an idea he . Savor a brunch meal at International Polo Club Palm Beach. in economics from the University of Maryland, College Park, where his father, Shih-I Pai, was a prominent aeronautics professor. Lou Pai from Wellington FL, Melanie Pai. . His father was a math professor at the University of Maryland, Collage Park, where. Born in Nanjing, China, he emigrated with his parents to the United States when he was 2. Pai would soon be one of Skilling's top lieutenants and was put in charge of many key Enron projects and subsidiaries. Helpful Links. You learn something new every day; what did you learn today? Ans. Pai earned both B.S. 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. However, details regarding his actual height and other body measurements are currently not publicly available. [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. Ans. Lou served in the federal government in the 1970s before joining Enron Corporation. He left Enron with over $280 million. They are especially involved in the Olympic sport of dressage. 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 Lung was born in Nanjing, China, and came to the United States of America at the age of 2. A former executive of the energy trading firm, he cashed in an estimated $270 million in stock and left the company before it collapsed,. Some locals called the 14,000 square-foot mountain, that was the crown jewel of the property, "Mount Pai.". He is additionally a dilapidated Enron Company (an American energy and providers and products company) executive. They have also lived in Wilmington, DE and Houston, TX. and M.S. in economics from the University of Maryland, College Park, where Lous father, Shih-I Pai, was an aeronautics professor. This includes his assets, money, and income. Lou Pai's divorce might have been the fatal blow, actually. I'm seriously overtired and read it as: he had an affair with a stripper to satisfy his divorce settlement. His neighbors reportedly referred to the ranch as "Mount Pai". Our Doctors. 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. The forced conversion of people's retirement investments was a vain attempt to offset being forced to sell. ; pinyin: 2 ) Taylor Ranch for $ US $ 23 million in 1999, even though he sold the property on June 2004 for US $ 60 million. [19], Pai was a founder and is a former chairman of Element Markets, a renewable-energy consulting firm. Join Facebook to connect with Lou Pai and others you may know. Lous net worth is $270 Million as of 2023, as he is a businessman and former Enron executive. What We Treat. [4], His sister is Sue Pai Yang,[17] the first Asian American appointed to be a New Jersey Workers' Compensation judge. We found this beautiful nature center by chance: we were looking for soccer fields open to the public and found them. It is one of the largest settlements in the history of the SEC's enforcement program dealing with an individual for alleged insider trading. in economics from the . 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. 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. Village just west of west Palm Beach in Palm Beach in Palm Beach in Palm Beach soon one... Energy company, Pai was CEO of EES ( Enron energy Services ) subsidiary from March,! 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