Press J to jump to the feed. At the time Lou Pai's first wife filed for divorce, Enron was trading in the $80-90 range. Lous fathers title modified into Shih-I Pai, he modified into an aeronautics professor at the University of Maryland, where Lou performed his B.S. . 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. A former executive of the energy trading firm, he cashed in an estimated $270 million in stock and left the company before it . Buildings > Homes - Celebrity - Sports - Football; Collections. In May 2022 Lou and Melanie paid $8 million for a 21-acre equestrian estate in Wellington, Florida. The employees and retirees lost a great deal of their pension and benefits. Ans. 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. 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. Diagnostic & Testing. Get contact info for current residents, including phone, email & criminal records. Jay graduated from Lake Worth High School, Class of 81. Pai was born in Nanjing, China and came to the United States at the age of two. Lou attempted to enforce an 1844 Mexican Grant to restrict the number of landowners who could use the Taylor Ranch property to seven specific landowners, all who had continuously owned cattle in the area dating back to the grant date. This includes his assets, money, and income. PAI LOU L & Lou began offloading his company shares to satisfy his divorce settlement agreement on May 18, 2001. Wellington Regional Medical Center. 11164 MARINA BAY RD Pai sold out approximately $250 million of his Enron stock to satisfy the financial terms of his divorce settlement. Join Facebook to connect with Lou Pai and others you may know. and M.S. Lou Pai Wiki:- Lou Pai (Born: 23 June 1947; Age 75 years), who is additionally known as Lou Lung Pai, is a Chinese language-American businessman. Yup half of something is better than half of nothing and you can't really get him for insider trading given the circumstances. . Turns out sometimes there is sex in the champagne room. Ans. More recently, Lou and his family moved to Wellington, Florida, United States of America. Code Violations. In 2014 he had to sell the ranch and moved to Wellington, Florida. July 30,2008, 2008 -- A former top executive of collapsed EnronCorp. Lou Lung Pai was born on 23 June 1947, According to his birth date, Lou is 75 years old now. Very shortly after, Enron's stock plummeted from $80 per share to pennies. All 45 square miles are meticulously maintained by the Village and residents alike. We will update this section once this information is available. in economics from the University of Maryland, College Park,[2] where his father, Shih-I Pai, was an aeronautics professor. He left Enron with over $250 million. 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. Sat, Mar 4, 2023 10:00 AM PST + 23 more events. You learn something new every day; what did you learn today? Lou has a net worth of $270 million as of 2021. Lou paimiddleburg, VAReputation Score: 2.50/5Alert: Court Records. Born in Lake Worth. He modified into CEO of Enron Vitality Products and providers. Find event details at wellingtonclassicbrewfest.com. Pai earned both B.S. n/a Average office wait time. 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). They would have two children before divorcing in 2000. 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 and his wife currently operate Canaan Ranch, located near metropolitan Houston, where they lift and train horses in the locker room. also known as Lou L Pai Lou Pailou. Appointments & Locations. Pai and his family then have moved to Wellington, Florida where they live. 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 has been associated with seven companies, according to public records. By summer, FL was basically wide open and one of the first open states in the Union, despite "muh record cases in FL." . Entitlement Reform will be the next attack on Ron. Since then, Pai has emerged as a partner in Midstream Capital Partners LLC. CHRISPIN CARLO S MD During his time owning the property Lou stirred up a hornet's nest of controversy with local residents of Mexican decent. Through his various sources of income, Lou has been able to accumulate a good fortune but prefers to lead a modest lifestyle. By ABC News. 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. Pai joined Enron in 1987, when it was still only a regional energy supplier. in economics from the University of Maryland, College Park, where his father, Shih-I Pai, was a prominent aeronautics professor. Information should be independently confirmed and you use the information displayed here at your own risk. 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. The house was sold for $365,000 on Feb 1, 2016. The lot is 8157 square feet, the land value of which is assessed at writeCurrency("120000");. The fact of the matter is Trump listened to Fauci throughout all of 2020. is one building on the property. Overview. Brazilian beverage heiress sells waterfront Hibiscus Island home, Stiles sells Publix-anchored plaza near Boynton for $41M. Pai's affinity for strippers and abusing corporate expense accounts was actually a big reason why he was able to walk away with such a large fortune. Outside of Colorado they operate ranches in Texas and Virginia. Press question mark to learn the rest of the keyboard shortcuts. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. The reasons for his resignation from Enron remain shrouded in mystery. 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. I Love to read n write about Things that I find Interesting. Pai would soon be one of Skilling's top lieutenants and was put in charge of many key Enron projects and subsidiaries. [21][22] Since then, Pai has emerged as a partner in Midstream Capital Partners LLC. My mate married a stripper he met on Holiday. 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. Pai also allegedly brought strippers back to Enron's offices for late night parties. Recently, Pai and his family moved to Wellington, Florida. 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. A former Enron employee referred to Pai as the invisible CEO when he was interviewed in the 2005 documentary film Enron: The Smartest Guys in the Room. 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. At one point hundreds of Mexican-American protestors marched on the ranch to protest Pai's legal maneuvers. 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. Another exciting thing to do while in Wellington is to enjoy a sumptuous brunch; not just any brunch though, but one with horses. in economics. Pai was a founder and is a former chairman of Element Markets, a renewable-energy consulting firm. Helpful Links. And love. [10] After the divorce, Pai and Fewell married. Wellington Classic Brewfest is HAPPENING NOW at Town Center! and M.S. Four of the companies are still active while the remaining three are now listed as inactive. Lou was born in 1947, in Nanjing, China, and came to the United States at the age of 2 years. Background Report for Lou L. Pai Code Violations . The Registered Agent on file for this company is Pai Natalie and is located at 11164 M,arina Bay Rd, Wellington, FL 33449. 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 . 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. [10][11], Accounts of the Enron scandal have frequently portrayed him as a mysterious figure;[12][13][14] a former Enron employee, interviewed in the 2005 documentary film Enron: The Smartest Guys in the Room, referred to Pai as "the invisible CEO". "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. 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. 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. I want to know why his divorce settlement specified that he had to have an affair with a stripper. Pai and Fewell married, after the divorce. Skilling put Pai in charge of multiple Enron subsidiaries during his Enron career. [20] Through Element, Pai has invested in pollution emissions credits. Lou Pai was known to spend inordinate amounts of time during and after working hours in Houston-area strip clubs even though he was married. He is also a former Enron Corporation (an American energy and services company) executive. Through Elements, Pai has invested in pollution emissions credits. Community. as well as M.S. During his time at the now-defunct energy company, Pai was often referred to as "the invisible CEO.". Lou Lung Pai was born on 23 June 1947, his birthplace is Nanjing, Republic of China. We've got 50+ tastings from local breweries and distributors throughout Florida. Like there was weird clause that he had to bang somebody else to get divorced. She is now known as Melanie Pai. 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. Pai and Fewell raised and trained dressage horses on Canaan Ranch, located near metropolitan Houston. Pai worked for the federal government in the 1970s before joining Enron. Often visiting the Pai strip club during his time with Enron causing an affair with stripper Melanie Fewell (who is married, himself), and produces a pregnancy. ADHD and Women: Misunderstood, Misdiagnosed & Moving Forward for Change. From March 1997 until May 2001 Pai was CEO of the EES (Enron Energy Services) subsidiary. Since then, Pai has emerged as a partner at Midstream Capital Partners LLC. 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. 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. and M.S. is paying $31.5 million to settle charges that . There Sign in Home Local Headlines Coronavirus Original Recommend Entertainment Entertainment Celebrities TV & Videos Music Movies He is additionally a dilapidated Enron Company (an American energy and providers and products company) executive. 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. The tour was informative and we got to pet and feed capybaras, a sloth and more. Through Element, Pai has invested in pollution emissions credits. They have also lived in Wilmington, DE and Houston, TX. Create an account to follow your favorite communities and start taking part in conversations. He is one of the few former Enron executives who ended up with a massive fortune. Lous sister is Sue Pai Yang, she is the 1st Asian American appointed to be a Fresh Jersey Workers Compensation determine. The mansion sits on a wooded lot that is nearly five acres! Submit interesting and specific facts about something that you just found out here. 10115 Forest Hill Blvd Ste 100, Wellington, FL, 33414 . Pai worked for the federal government in 1970 before joining Enron. The divorce filing would inadvertently be an extremely lucky turn of events for Lou Pai. He never served a moment of jail time. Lou was the 2nd-largest land owner in Colorado (Western United States). 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. In 1987 Lou Pai left the SEC to take a job at Enron, which at the time was little-known regional energy supplier. [13] His neighbors reportedly referred to the ranch as "Mount Pai". 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. 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 Village of Wellington is a "Great Hometown" and considered a very close-knit community by most. Rosanna Scotto Husband: Louis John Ruggiero Age, Wife, Children, Worth. 365,000 on Feb 1, 2016 on a wooded lot that is nearly acres... Listened to Fauci throughout all of 2020. is one of the EES ( Enron energy services )...., a renewable-energy consulting firm Fewell married Score: 2.50/5Alert: Court records to Enron 's for! Up with a stripper should be independently confirmed and you use the information here... Family then have moved to Wellington, Florida, United States at time! Now-Defunct energy company, Pai has emerged as a partner at Midstream Capital Partners LLC worked for federal... A wooded lot that is nearly five acres 8 million for a 21-acre equestrian estate in Wellington Florida! 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