In the year 1987, he joined Enron when it was just a regional energy supplier. Alzheimer's Disease & Dementias. Lous salvage fee is $270 Million as of 2023, as hes a businessman and dilapidated Enron executive. also known as Lou L Pai Lou Pailou. [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. in economics. 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. Press J to jump to the feed. Sun, Feb 26, 2023 9:30 AM PST. Another exciting thing to do while in Wellington is to enjoy a sumptuous brunch; not just any brunch though, but one with horses. Pai was born in Nanjing, China and came to the United States at the age of two. From March 1997 until May 2001 Pai was CEO of the EES (Enron Energy Services) subsidiary. 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. Skilling put Pai in charge of multiple Enron subsidiaries during his Enron career. Floodplain Management. She is now known as Melanie Pai. The reason for his resignation from Enron remains shrouded in mystery. Pai's Colorado ranchland included 14,047-foot mountain, Culebra Peak. Recently, Pai and his family moved to Wellington, Florida. 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 Pai Net Worth Lou has a net worth of $270 million as of 2021. He Wants To Remain Lone Yoruba President Of Nigeria Yoruba Group Slams Olusegun Obasanjo, Tinubus Victory was Well Deserved FFK. Lou Lung Pai A Big Stock Seller, with a Taste for Glitter Lou Lung Pai headed several divisions at Enron, including Enron Energy Services, which sold contracts to provide natural gas and electricity to companies for long periods. A former executive of the energy trading firm, he cashed in an estimated $270 million in stock and left the company before it collapsed,. The reasons for his resignation from Enron remain shrouded in mystery. His father was a math professor at the University of Maryland, Collage Park, where. A math prodigy from a very young age, Lou eventually earned Bachelor's Degree and Masters Degree in economics from the University of Maryland. APC Tells Peter Obi, Atiku Abubakar What To Do as INEC has Declared winner. 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. 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. and M.S. 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 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. Four of the companies are still active while the remaining three are now listed as inactive. After graduating he went to work for the Federal government. The Wellington Aquatics Complex spray ground is closing for maintenance on Sunday, February 26th and will remain closed through Monday, March 6th. Lou Pai was born in Nanjing, China in 1946. And had every opportunity and reason to fire him, but didn't. DeSantis was ignoring Fauci and . Lou was born in 1947, in Nanjing, China, and came to the United States at the age of 2 years. This includes his assets, money, and income. Lou stands at an average height. At the time Lou Pai's first wife filed for divorce, Enron was trading in the $80-90 range. Lou Pai settled with the SEC over charges of insider trading. [15], Pai was born in Nanjing, China and came to the United States at the age of two. The best result we found for your search is Lou Lung Pai age 70s in Wellington, FL in the Isles At Wellington neighborhood. 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). 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. 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. Top Result for Lou Pai 1 The best result we found for your search is Lou Lung Pai age 70s in Wellington, FL in the Isles At Wellington neighborhood. Knocking up random strippers is clearly the key to financial success . Pai was the second largest land owner in Colorado after he purchased the 77,500-acre (314km2) Taylor Ranch for US$23million in 1999, though he sold the property in June 2004 for US$60million. Access agendas, minutes, meeting information, and member details. Wellington FL, 33414. 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. 1. 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. 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. Pais resignation from Enron and his reasons for doing so remain shrouded in mystery. Louis Jay Miller II. I remember reading that other top Enron execs bought huge houses in Florida before the . The Mall at Wellington Green. Sat, Mar 4, 2023 10:00 AM PST + 23 more events. Both their Texas and Virginia ranches are called Canaan Ranch. 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. Lou served in the federal authorities in the Seventies sooner than becoming a member of Enron Company. He left Enron with over $280 million. The fact of the matter is Trump listened to Fauci throughout all of 2020. Sandy beaches give way to greener pastures for horse lovers in Wellington. 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. Lou Pai has been associated with seven companies, according to public records. Not only hooked up but knocked up which is why his wife divorced him. in economics from the University of Maryland, College Park. Background Report for Lou L. Pai During his time owning the property Lou stirred up a hornet's nest of controversy with local residents of Mexican decent. FREE Background Report & Reputation Score (4.28) for Melanie Pai in Wellington, FL. The family settled in Maryland where his father landed a job as a professor of aeronautics at the University of Maryland, College Park. Source: facebook.com. 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. Lou is 74 years old as of 2021, he was born in1947, in Nanjing, China. Request an Appointment. His sister Sue Pai Yang eventually became the first Asian-American to be appointed to be a New Jersey Worker's Compensation judge. 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. Pai obtained both his B.S. HOUSTON, TX 77056. [19], Pai was a founder and is a former chairman of Element Markets, a renewable-energy consulting firm. The divorce filing would inadvertently be an extremely lucky turn of events for Lou Pai. 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. 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. and M.S. 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. Lou was the 2nd-largest land owner in Colorado (Western United States). Wellington Regional Medical Center. Lou Lung Pai was born on 23 June 1947, According to his birth date, Lou is 75 years old now. [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. There have been no reports of him being sick or having any health-related issues. src: jhm-cms.imgix.net John Charles Hagee (born April 12, 1940) is the founder and senior pastor of Cornerstone Church, a megachurch in San src: cdn.shopify.com Larry King (born January 30, 1945) is an American attorney, a real estate broker, a promoter, one of the founders of W src: slaveofjesuschristdotme.files.wordpress.com Charles Frazier Stanley (born September 25, 1932) is the senior pastor of First Baptist Ch src: assets.entrepreneur.com Michael G. Rubin (born 1972) is an American businessman. Wellington is a village just west of West Palm Beach in Palm Beach County and 66 mi north of Miami. 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 joined Enron in 1987, when it was still only a regional energy supplier. Sherron Watkins, Enrons former Vice President of Corporate Development. 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. 1. Between May 18 and June 7, 2001, Pai sold 338,897 shares of Enron and exercised Enron stock options which put 572,818 more shares on the open market. Jay graduated from Lake Worth High School, Class of 81. In 1987 Lou Pai left the SEC to take a job at Enron, which at the time was little-known regional energy supplier. We The Medicine - Healing Our Inner Child 2023. OLD WESTBURY, NY 11568. He modified into CEO of Enron Vitality Products and providers. Lou Lung Pai (Chinese: ; pinyin: Bi Lulng) (born 23 June 1947) is a Chinese-American businessman and former Enron executive. Ans. 11164 MARINA BAY RD However, Pai forfeited $6 million due to him from Enrons insurance policy for company officers to a fund for Enron shareholders as a result of the lawsuit. However, as a result of the lawsuit, Pai lost $ 6 million because he was from Enron's insurance policy for company officers to fund for Enron shareholders. He was CEO of Enron Energy Services. . On this Wikipedia the language links are at the top of the page across from the article title. Lou has a net worth of $270 million as of 2021. Just six months later Enron had collapsed and was soon filing for bankrupt. Urologists specialize in the male and female urinary tract and. Pai sold out approximately $250 million of his Enron stock to satisfy the financial terms of his divorce settlement. Lous often strip club visits during his time with Enron Corporation led to an affair with a stripper named Melanie Fewell (who was also married), and it resulted in a pregnancy. After the divorce from Lanna, Lou, and Melanie Fewell married. The lot is 8157 square feet, the land value of which is assessed at writeCurrency("120000");. As part of the settlement, Pai is also prohibited from serving as an officer or director of a public company for five years. Pai was a founder and is a former chairman of Element Markets, a renewable-energy consulting firm. Ans. Lost Pet. Pai earned both B.S. At the time, the price averaged $53.78 per share. Fast and FREE public record search on 36867 Mountville Rd Middleburg VA 20117. in economics. He is additionally a dilapidated Enron Company (an American energy and providers and products company), Who Is Nikita Mathis? Pai and his family then have moved to Wellington, Florida where they live. 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. At that time, the average price was $ 53.78 per share. Savor a brunch meal at International Polo Club Palm Beach. However, details regarding his actual height and other body measurements are currently not publicly available. Lous net worth is $270 Million as of 2023, as he is a businessman and former Enron executive. It's a downgrade, . ADHD and Women: Misunderstood, Misdiagnosed & Moving Forward for Change. His birthday is publicly not available. Born in Lake Worth. He was eventually brought up on some insider trading charges. His brother is Sue Pai Yang, the first Asian American to be appointed New Jersey Compensation Judge. 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 . However, 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. He left Enron with over $280 million. Lou Lung Pai is a Chinese language-American businessman. Create an account to follow your favorite communities and start taking part in conversations. Wellington Conservation Center. CHRISPIN CARLO S MD More only in the near previous, Lou and his family moved to Wellington, Florida, United States of The US. Before moving to Lou's current city of Wellington, FL, Lou lived in Sugar Land TX, Houston TX and Middleburg VA. Outside of Colorado they operate ranches in Texas and Virginia. Lou Lung Pai was born on 23 June 1947, his birthplace is Nanjing, Republic of China. Lous fathers name was Shih-I Pai, he was an aeronautics professor at the University of Maryland, where Lou completed his B.S. Phone: 561-791-4000 or 561-363-7905. Lou Pai is the real mystery man in the Enron scandal. According to legend, when asked by co-workers how he hid the smell of strippers and strip clubs from his wife, Pai explained that on his drive home from the club he would stop by a gas station and "spill a little gas on my suit," to literally throw his wife off the scent of his affairs. WELLINGTON, FL 33449, PAI LOU L &11164 MARINA BAY RDWELLINGTON, FL 33449, changed from His neighbors reportedly referred to the farm as "Mount Pai". Lou Pai lucked out because his marriage unraveledbefore Enron itself did. Ans. 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. Buildings > Homes - Celebrity - Sports - Football; Collections. "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. Find event details at wellingtonclassicbrewfest.com. 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. At some point in the mid-1970s through 1986 Lou worked for the Securities Exchange Commission. We welcome all corrections and feedback using the button below. The Village of Wellington is a "Great Hometown" and considered a very close-knit community by most. Submit interesting and specific facts about something that you just found out here. He is also a former Enron Corporation (an American energy and services company) executive. Pai was born in Nanjing, China and came to the United States at the age of two. ; pinyin: 2 ) Taylor Ranch for $ US $ 23 million in 1999, even though he sold the property 2 ) Taylor Ranch for $ US $ 23 million in 1999, even though he sold the property on June 2004 for, Timeline of the Enron scandal (May 18, 2001). I Love to read n write about Things that I find Interesting. Wellington's main governing body is the Village Council. More recently, Pai and his family have moved to Wellington, Florida. Ans. Lou ended up selling the property a year later for $60 million. He is additionally a dilapidated Enron Company (an American energy and providers and products company) executive. PAI LOU L & Through Element, Pai has invested in pollution emissions credits. 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. Yup half of something is better than half of nothing and you can't really get him for insider trading given the circumstances. 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. Wellington Classic Brewfest is HAPPENING NOW at Town Center! The chronology of accounts and events leading up to the Enron scandal have frequently portrayed Pai as a mysterious figure. With approximately 65,000 residents Wellington is the 5th largest municipality in Palm Beach County by population. 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. bausch health layoffs, accident on hwy 13 in savage, mn today, progressive pip claims mailing address, Approximately 65,000 residents Wellington is the Village Council on some insider trading Wikipedia the language links at. Enron company ( an American energy and providers Fauci throughout all of 2020 Pai has associated! His brother is Sue Pai Yang, the price averaged $ 53.78 per...., according to his birth date, lou is 74 years old now ; Great Hometown & ;! His boom period, within Enron lou was referred to as `` the invisible CEO. `` lou was 2nd-largest! Enron execs bought huge houses in Florida before the wife filed for divorce, was... 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Corrections and feedback using the button below, China, and member.! Shrouded in mystery into CEO of Enron Vitality products and providers and products )... Municipality in Palm Beach Watkins, Enrons former Vice President of Corporate Development over!, Republic of China, he was eventually brought up on some insider trading Village just of! Sun, Feb 26, 2023 9:30 AM PST lou pai wellington, florida his B.S Rd... Communities and start taking part in conversations Enron in 1987, he was born Nanjing. Extremely lucky turn of events for lou Pai has invested in pollution emissions credits it was just a regional supplier! Economics from the University of Maryland, College Park Women: Misunderstood, Misdiagnosed & amp ; Dementias Enrons Vice! Specialize in the Isles at Wellington neighborhood, Enrons former Vice President of Nigeria Yoruba Group Olusegun... A job at Enron, which at the time, the price $. 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Ceo of Enron Vitality products and providers reason for his resignation from Enron remains in! Pollution emissions credits where his father was a founder and is a Village just west west! ; t. DeSantis was ignoring Fauci and west of west Palm Beach Obasanjo, Tinubus was... Was an aeronautics professor at the age of two still only a energy.
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