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". He died of a heart attack on July 5, 2006, before his sentencing. Lous sister is Sue Pai Yang, she is the 1st Asian American appointed to be a New Jersey Workers Compensation judge. and M.S. 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. More recently, Pai and his family have moved to Wellington, Florida.[29][30]. This property is classified as Residential (Single Family). Lou Pai was born in Nanjing, China in 1946. Wellington, FL. The reasons for his resignation from Enron remain shrouded in mystery. 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. Wellington FL, 33414. They have three children. Floodplain Management. Submit a correction suggestion and help us fix it! He never served a moment of jail time. They have also lived in Wilmington, DE and Houston, TX. His father was a math professor at the University of Maryland, Collage Park, where. 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. "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. CHRISPIN CARLO S MD His brother is Sue Pai Yang, the first Asian American to be appointed New Jersey Compensation Judge. 10101 Forest Hill Blvd, Wellington, FL, 33414 . Pai sold out approximately $250 million of his Enron stock to satisfy the financial terms of his divorce settlement. Lou Lung Pai is a Chinese-American businessman. He became one of the chief CEO Jeffrey Skilling, especially in charge of detailing and implementing Skilling's vision to transform Enron into a de facto commodity trading company. 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. Lou was the 2nd-largest land owner in Colorado (Western United States). 2023 Celebrity Net Worth / All Rights Reserved. Properties, Assets & Liabilities View All Public Private Past Address 11164 Marina Bay Rd, WELLINGTON, FL 33449-8361 View Address Year Built: 2001 Baths: 3.00 Pool/Spa: POOL Property Lot Size: 8159 SF Building Area: 2865 Owner: pai lou l & pai melanie k Tax Year: 2018 Tax Amount: $7655.21 Total Market Value: $361,357 Sale Price: $365,000 +Edit Lou Pai was born in Nanjing, China in 1946 and moved to the United States with his family at the age of two. 1. . Get contact info for current residents, including phone, email & criminal records. [19], Pai was a founder and is a former chairman of Element Markets, a renewable-energy consulting firm. Pai was CEO of the EES (Enron Energy Services) subsidiary from March 1997 until May 2001. Lou Pai is a Chinese-American businessman and mathematical genius who has a net worth of $200 million. She is now known as Melanie Pai. Lou Lung Pai modified into born on 23 June 1947, his birthplace is Nanjing, Republic of China. in economics from the University of Maryland, College Park. 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. CHRISPIN CARLO S MD 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. [3] To satisfy the financial terms of his divorce settlement, Pai cashed out approximately $250 million of his Enron stock[24] just months before the company's stock price dramatically collapsed and it filed for bankruptcy protection. Lou served in the federal authorities in the Seventies sooner than becoming a member of Enron Company. The Mall at Wellington Green. Lou ended up selling the property a year later for $60 million. He earned a master's . According to his birth date, Lou is 75 years old now. Pais resignation from Enron and his reasons for doing so remain shrouded in mystery. Access agendas, minutes, meeting information, and member details. Through Elements, Pai has invested in pollution emissions credits. Lou Pai is the real mystery man in the Enron scandal. and M.S. [9] 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. Wellington's main governing body is the Village Council. 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. 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. 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. His neighbors reportedly referred to the ranch as "Mount Pai". The property is classified as a single family dwelling. After all, if you can buy up all the shares being sold then the price doesn't fall. Background. It is one of the largest settlements in the history of the SEC's enforcement program dealing with an individual for alleged insider trading. . Original SportsCenter anchor Lou Palmer died of lung cancer Oct. 18 in a hospital in Wellington, Florida, his daughter Patty Puma-Conrad confirmed Sunday. 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. 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. 48 LIPTON LN Ans. The total living area is 3,182 sqft. Guided Meditation. AboutPressCopyrightContact. I Love to read n write about Things that I find Interesting. [21][22] Since then, Pai has emerged as a partner in Midstream Capital Partners LLC. Pai and his current wife operated Canaan Ranch, located near metropolitan Houston, where they raised and trained dressage horses. Pai was CEO of EES (Enron Energy Services) subsidiary from March 1997, until May 2001. All net worths are calculated using data drawn from public sources. Lous salvage fee is $270 Million as of 2023, as hes a businessman and dilapidated Enron executive. 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. Helpful Links. Wellington Classic Brewfest is HAPPENING NOW at Town Center! Went to work . Wellington FL, 33414. Lous net worth is $270 Million as of 2023, as he is a businessman and former Enron executive. Lou Lung was born in Nanjing, China, and came to the United States of America at the age of 2. 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. As the energy market was deregulated, Pai and Skilling went to work to make this vision a reality. In May 2001, Lou Pai suddenly stepped down from Enron. 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. His massive home set him back $6 million in 1992, and is now estimated to be worth $28 million in 2020. 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 Pai was a recluse.Extremely introverted.Very reserved.That is.inside the office.Outside the office.Pai symbolised the legendary lavishness and excess. 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. pai-lou: [noun] a usually elaborate Chinese commemorative archway erected in honor of someone highly esteemed (as for virtue) and consisting typically of four heavy square pillars topped with horizontal crossbeams and often buttressed with conventionalized lions and having an incised memorial tablet placed against or near the center crossbeam . Urologists specialize in the male and female urinary tract and. Pai obtained both his B.S. All 45 square miles are meticulously maintained by the Village and residents alike. The property is 22 years old, which is four years younger than the average age of a building in Wellingtonof 26 years. Lou Pai Net Worth Lou has a net worth of $270 million as of 2021. 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. During his time at the now-defunct energy company, Pai was often referred to as "the invisible CEO.". Sat, Mar 4, 2023 10:00 AM PST + 23 more events. 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. They are especially involved in the Olympic sport of dressage. Pai and his wife, Melanie, bought. The initial sale of Enron shares has the greatest advantage of protecting Pai from the same insider trading allegations against other Enron executives (who also secretly sold large amounts of shares before the public finances were destroyed publicly). His sister Sue Pai Yang eventually became the first Asian-American to be appointed to be a New Jersey Worker's Compensation judge. Pai was a founder and is a former chairman of Element Markets, a renewable-energy consulting firm. 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. Lou Pai from Wellington FL, Melanie Pai. They would have two children before divorcing in 2000. in economics. Louis Jay Miller II. Lou served in the federal government in the 1970s before joining Enron Corporation. Ans. 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 Ans. Lou Pai earned his net worth through his tenure serving as the CEO of Enron Energy. He is additionally a dilapidated Enron Company (an American energy and providers and products company), Who Is Nikita Mathis? We've got 50+ tastings from local breweries and distributors throughout Florida. Sun, Feb 26, 2023 9:30 AM PST. Press question mark to learn the rest of the keyboard shortcuts. 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. Lou and Melanie collectively operated Canaan Ranch, which is positioned terminate to metropolitan Houston, where they grew up and trained dressage horses, and later, they moved from Sugar Land, Texas, to Middleburg, Virginia, and opened a 2nd Canaan Ranch there, but as of 2014, it is up for sale. It is one of the largest settlements in the history of the SEC's enforcement program dealing with an individual for alleged insider trading. [2][10] At the time, the price averaged $53.78 per share. in economics from the University of Maryland, College Park, where his father, Shih-I Pai, is a prominent aeronautical professor. 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). [16][17] Pai worked for the federal government in the 1970s before joining Enron. After graduating he went to work for the Federal government. However, details regarding his actual height and other body measurements are currently not publicly available. What We Treat. 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. And had every opportunity and reason to fire him, but didn't. DeSantis was ignoring Fauci and . Outside of Colorado they operate ranches in Texas and Virginia. He settled those charges in July 2008, agreed to an out-of-court settlement that reportedly involved a $30 million restitution payment and a $1.5 million fine. We will update this section once this information is available. The reasons for his resignation from Enron remain shrouded in mystery. Innovative technical gear is just around the corner. When Jeff became President of Enron in 1997, one of his first acts was to make Lou the CEO of EES (Enron Energy Services), a position he held through 2001. 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The Mediterranean style mansion has 14,000 square feet, with two stories, six bedrooms, seven bathrooms, a swimming pool, spa, tennis court, and marble floors. Subscribe and get full access to Ground News. Homes of NFL team owners by Xeba73; Comments. Pai joined Enron in 1987, when it was still just a regional energy supplier. Pai came to the United States aged two years. Guided Meditation. He moved to the United Sates when he was two years old. Lou Pai is 75 years old and was born on 06/23/1947. Age of April Kimble biography: twin, birthdate, height, who is Lyle Lovett married to? The Registered Agent on file for this company is Pai Natalie and is located at 11164 M,arina Bay Rd, Wellington, FL 33449. Submit interesting and specific facts about something that you just found out here. He modified into CEO of Enron Vitality Products and providers. Lou Lung Pai is a Chinese language-American businessman. Lou Lung Pai ( Chinese: ; pinyin: Bi Lulng) born in Nanjing, China in 1947, is a Chinese-American businessman and former Enron executive. 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). On this Wikipedia the language links are at the top of the page across from the article title. Pai was the second-largest land owner in Colorado . 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. Find event details at wellingtonclassicbrewfest.com. 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 Pai, ex CEO de Enron Energy Services. Lou served in the federal government in the 1970s before joining Enron Corporation. For a few years between 1999 and 2004, Lou Pai was the second-largest land owner in Colorado thanks to the 77,500 Taylor Ranch which he purchased for $23 million in 1999. The property information displayed here is obtained from public records. Lou is 74 years old as of 2021, he was born in1947, in Nanjing, China. Wellington is a village just west of West Palm Beach in Palm Beach County and 66 mi north of Miami. Join Facebook to connect with Lou Pai and others you may know. Pai and his wife currently operate Canaan Ranch, located near metropolitan Houston, where they lift and train horses in the locker room. Create an account to follow your favorite communities and start taking part in conversations. Wellington Regional Medical Center. Through his various sources of income, Lou has been able to accumulate a good fortune but prefers to lead a modest lifestyle. 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