His then-wife of over 20 years, Lanna, with whom he has two biological children, filed for divorce upon learning of the affair. The family settled in Maryland where his father landed a job as a professor of aeronautics at the University of Maryland, College Park. During his boom period, within Enron Lou was referred to as "the invisible CEO.". 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). [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. After graduating he went to work for the Federal government. Come visit us at one of our lululemon stores. The Village of Wellington is a "Great Hometown" and considered a very close-knit community by most. 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. Ans. The employees and retirees lost a great deal of their pension and benefits. After the divorce from his first wife was finalized Lou Pai did end up marrying the exotic dancer he impregnated, Melanie Fewell. 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. 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. and M.S. PAI LOU L & 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. 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. This property is valued at writeCurrency("394469");. Lou worked for the federal government in the 1970s before joining Enron. Our Doctors. The companies were formed over a twenty year period with the most recent being incorporated one year ago in August of 2021. Florida Gov. Q.2 What's Lou Pai's age? In response to his starting up date, Lou is 75 years frail now. Lou Pai earned his net worth through his tenure serving as the CEO of Enron Energy. in economics from the University of Maryland, College Park, where his father, Shih-I Pai, is a prominent aeronautical professor. He is additionally a dilapidated Enron Company (an American energy and providers and products company), Who Is Nikita Mathis? At some point in the mid-1970s through 1986 Lou worked for the Securities Exchange Commission. After the divorce from Lanna, Lou, and Melanie Fewell married. Well hold on now, lets also add to the point that you should be rich first. Access agendas, minutes, meeting information, and member details. They are especially involved in the Olympic sport of dressage. in economics from the . 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. We've got 50+ tastings from local breweries and distributors throughout Florida. 11,500 sqft Florida beach mansion of the Dallas Cowboys owner. We make no guarantees on the validity of the data presented. extremely lucky turn of events for Lou Pai, The Rise And Fall Of Jeffrey SkillingMastermind Of The Enron Scandal, The Richest Oil And Gas Billionaires In The World. . Lou pai the luckiest enron executive. The fact of the matter is Trump listened to Fauci throughout all of 2020. Code Violations . The Wellington Aquatics Complex spray ground is closing for maintenance on Sunday, February 26th and will remain closed through Monday, March 6th. and M.S. Code Violations. 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. When Pai's wife learned of the affair, she filed for divorce. Like there was weird clause that he had to bang somebody else to get divorced. Sun, Feb 26, 2023 9:30 AM PST. It's a downgrade, . as well as M.S. All net worths are calculated using data drawn from public sources. [2][10] At the time, the price averaged $53.78 per share. In this blog, youll read about Lou Pai (Chinese-American Businessman) Wiki, Net Worth 2023, Age, Family, Wife, Children & More. is paying $31.5 million to settle charges that . Outside of Colorado they operate ranches in Texas and Virginia. To whole the monetary terms of his divorce settlement, Lou cashed out more than $250 million of his Enron company stock, steady months sooner than the corporates stock fee badly collapsed and it filed for monetary catastrophe protection. 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. Some locals called the 14,000 square-foot mountain, that was the crown jewel of the property, "Mount Pai.". This property has 1 residential units. Since then, Pai has emerged as a partner at Midstream Capital Partners LLC. There have been no reports of him being sick or having any health-related issues. Sherron Watkins, Enrons former Vice President of Corporate Development. Request an Appointment. [19], Pai was a founder and is a former chairman of Element Markets, a renewable-energy consulting firm. We will update this section when the information is available. Pai was born in Nanjing, China and came to the United States at the age of two. Went to work . Another exciting thing to do while in Wellington is to enjoy a sumptuous brunch; not just any brunch though, but one with horses. He was CEO of Enron Energy Services. Santa Rosa Beach, Florida (FL), US. His sister is Sue Pai Yang, the first Asian American appointed to be a New Jersey Workers' Compensation Judge. Lou Lung Pai (Chinese: ; pinyin: Bi Lulng) (born 23 June 1947) is a Chinese-American businessman and former Enron executive. Located at 14755 Palm Beach Point Boulevard in Wellington, the Panther Ridge Conservation Center is home to some amazing big cats that were once injured and have been rescued from the wild. Wellington Conservation Center. Ans. Colorado Pai farms include 14,047 foot mountains, Culebra Peak. Ans. We will update this section once this information is available. Pai was born in Nanjing, China and came to the United States at the age of two. 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. Ans. FREE Background Report & Reputation Score (4.28) for Melanie Pai in Wellington, FL. What are Dr. Singer's areas of care? Lou Pai has been associated with seven companies, according to public records. Very shortly after, Enron's stock plummeted from $80 per share to pennies. Pai is a founder and former chair of Element Market, a renewable energy consulting firm. Wellington, FL. I want to know why his divorce settlement specified that he had to have an affair with a stripper. 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. Posted by Lou Pai on 2/19/23 at 9:09 am to jbdawgs03. Guided Meditation. The Registered Agent on file for this company is Pai Natalie and is located at 11164 M,arina Bay Rd, Wellington, FL 33449. At the time Lou Pai's first wife filed for divorce, Enron was trading in the $80-90 range. He is additionally a dilapidated Enron Company (an American energy and providers and products company) executive. 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 obtained both his B.S. There Stay tuned for more updates on LatestinBollywood. [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. More recently, Lou and his family moved to Wellington, Florida, United States of America. 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. 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. Get contact info for current residents, including phone, email & criminal records. He is additionally a dilapidated Enron Company (an American energy and providers and products company) executive. He is also a former Enron Corporation (an American energy and services company) executive. 2023 Celebrity Net Worth / All Rights Reserved. His neighbors reportedly referred to the ranch as "Mount Pai". You learn something new every day; what did you learn today? 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. in economics from the University of Maryland, College Park, where his father, Shih-I Pai, was a prominent aeronautics professor. Lou Lung Pai modified into born on 23 June 1947, In response to his starting up date, Lou is 75 years frail now. 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. Village Manager. Pai's Colorado ranchland included 14,047-foot mountain, Culebra Peak. in economics from the University of Maryland, College Park, where Lous father, Shih-I Pai, was an aeronautics professor. and M.S. 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. Source: facebook.com. Yup half of something is better than half of nothing and you can't really get him for insider trading given the circumstances. Just months later, Enrons stock prices dramatically collapsed and it filed for bankruptcy protection. 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. Phone: 561-791-4000 or 561-363-7905. Rosanna Scotto Husband: Louis John Ruggiero Age, Wife, Children, Worth. Pai's Colorado ranchland included the 14,047-foot mountain Culebra Peak. 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. is one building on the property. Not only hooked up but knocked up which is why his wife divorced him. Additionally, Read About:- Sarah Herron Age, Fiance, 20162022 Characters Wiki Copyright all rights reserved, Lou Pai (Chinese-American Businessman) Wiki, Net Worth 2023, Age, Family, Wife, Children, Troy Aikman Parents, Wife, Wiki, Age, Biography, Net Worth, Children, Nationality, Lous fathers title modified into Shih-I Pai, he modified into an aeronautics professor a. t the University of Maryland, where Lou performed his B.S. Dr. Singer's office is located at 10115 Forest Hill Blvd., Wellington, FL. 48 LIPTON LN After the divorce, Pai and Fewell got married. Just six months later Enron had collapsed and was soon filing for bankrupt. and M.S. [10] As part of the settlement, Pai was also barred from serving as an officer or director of a public company for five years. Lou Lung Pai (Chinese: ; pinyin: Bi Lulng) born in Nanjing, China in 1947, is a Chinese-American businessman and former Enron executive. 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. Press question mark to learn the rest of the keyboard shortcuts. Lou Lung Pai (Chinese: ; pinyin: Bi Lulng) (born 23 June 1947) is a Chinese-American businessman and former Enron executive. View the profiles of people named Lou Pai. Lou L. Pai, the shadowy ex-head of Enron's power division, suddenly emerged from his vast Colorado estate last week to pay a near-record $31.5 million civil fine to settle allegations of insider . The tour was informative and we got to pet and feed capybaras, a sloth and more. Lou is related to Stephanie Pai Fleck and Brian Yung Chang Pai as well as 3 additional people. Background. 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. I Love to read n write about Things that I find Interesting. 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. 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. [16][17] Pai worked for the federal government in the 1970s before joining Enron. Lou is 74 years old as of 2021, he was born in1947, in Nanjing, China. 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 Lou {Full name Lou Lung Pai (Chinese: ; pinyin: Bi Lulng)} is a Chinese-American businessman and former Enron executive. The Mall at Wellington Green. TIL: Lou Pai is a former Enron executive who cashed out $270 million in stock and left the company right before it collapsed, divorced his wife, married an exotic dancer, bought an enormous piece of Colorado, sold it and then disappeared into obscurity. Lou Pai and Jeff Skilling quickly bonded and rose the ranks of Enron over the next decade. More recently, Pai and his family have moved to Wellington, Florida.[29][30]. Super Capron Funk age: biography, Wiki, age, height, family, parents, net worth, Ray Liotta cause of death autopsy: disease, laugh meme, wild hogs, Share This Post On WhatsApp, Facebook, Twitter, Instagram & Telegram. Shop online & pick up in store. Wellington Classic Brewfest is HAPPENING NOW at Town Center! Pai worked for the federal government in 1970 before joining Enron. Lou served in the federal government in the 1970s before joining Enron Corporation. [9], Pai and Fewell together operated Canaan Ranch, located near metropolitan Houston, where they raised and trained dressage horses. Pai joined Enron in 1987, when it was still only a regional energy supplier. Submit interesting and specific facts about something that you just found out here. [2] He left Enron with over $250 million. Lou Pai is 75 years old and was born on 06/23/1947. 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. 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. Lou Lung Pai (Chinese: ; pinyin: Bi Lulng) (born 1947) is a Chinese-American businessman and former Enron executive. He left Enron with over $280 million. Upon knowing of the affair, Lous then-wife of more than 20 years, Lanna, with whom he has 2 biological children, filed for divorce. What We Treat. Impregnated, Melanie Fewell no guarantees on the validity of the matter is Trump to. 30 ] remain closed through Monday, March lou pai wellington, florida Pai and Fewell got married specific facts about that... According to public records the invisible CEO. `` to read n about... 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