Phone: 561-791-4000 or 561-363-7905. This is one of the largest settlements in the history of SEC law enforcement programs that deal with individuals for alleged insider trading. . 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. 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. Lost Pet. H-08-2338 (SDTX)", "Dr. Shih-I Pai, 82, Researcher Who Advanced Aerodynamics", "Who We Are: Board of Directors: Hon. 21,816 views 9.5 (2 votes) Categories. Lou served in the federal government in the 1970s before joining Enron Corporation. 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. [8], Pai was not charged with any criminal wrongdoing in the Enron scandal and exercised his Fifth Amendment rights in regard to the subsequent Enron class action lawsuits. 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. Lou Lung Pai ( Chinese: ; pinyin: Bi Lulng) born in Nanjing, China in 1947, is a Chinese-American businessman and former Enron executive. Been married 15 years with two kids, to be fair I thought his marriage would last a year, but after I met her she changed my mind. Links: en.wikipedia.org. Phone: 561-791-4000 or 561-363-7905. Pai was the second-largest land owner in Colorado . Upon intellectual of the affair, Lous then-wife of more than two decades, Lanna, with whom he has 2 biological younger participants, filed for divorce. 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. Wellington FL, 33414. 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 neighbors reportedly referred to the ranch as "Mount Pai". Wellington, FL. 11,500 sqft Florida beach mansion of the Dallas Cowboys owner. 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. Lou Lung Pai was born on 23 June 1947, his birthplace is Nanjing, Republic of China. 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. Wellington Classic Brewfest is HAPPENING NOW at Town Center! With approximately 65,000 residents Wellington is the 5th largest municipality in Palm Beach County by population. 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. in economics from the University of Maryland, College Park, where his father, Shih-I Pai, was a prominent aeronautics professor. Shop online & pick up in store. Lou Lung Pai modified into born on 23 June 1947, In response to his starting up date, Lou is 75 years frail now. In the past, Lou has also been known as Lou Lung Pai, Lau Pai, Lama Pai and Lou L Pai. Pai and his wife, Melanie, bought. Just months later, Enrons stock prices dramatically collapsed and it filed for bankruptcy protection. According to his birth date, Lou is 75 years old now. 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. In response to his starting up date, Lou is 75 years frail now. HOUSTON, TX 77056. Lou is 74 years old as of 2021, he was born in1947, in Nanjing, China. in economics from the . After the divorce from Lanna, Lou, and Melanie Fewell married. Submit interesting and specific facts about something that you just found out here. After the divorce from Lanna, Lou, and Melanie Fewell married. Guided Meditation. He is also a former Enron Corporation (an American energy and services company) executive. Lou Pai was ordered to pay her a huge sum and, in order to settle, he had to sell off most of his Enron shares. Pai, a 54-year-old U.S. citizen from Nanjing, China, quit the company last June. Lous sister is Sue Pai Yang, the first Asian American appointed to be a New Jersey Workers Compensation judge. [18], Pai joined Enron in 1987, when it was just a regional energy supplier. Went to work . [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. Find event details at wellingtonclassicbrewfest.com. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. 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. "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. Here are some interesting facts and body measurements you should know about Lou Pai. The chronology of accounts and events leading up to the Enron scandal have frequently portrayed Pai as a mysterious figure. 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. Lou modified into the 2nd-largest land proprietor in Colorado (Western United States). Florida Gov. Upon learning of the affair, Pai's then-wife of over 20 years, Lanna, with whom he has two biological children, filed for divorce. When Pai's wife learned of the affair, she filed for divorce. 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. 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. His brother is Sue Pai Yang, the first Asian American to be appointed New Jersey Compensation Judge. 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". AboutPressCopyrightContact. More recently, Lou and his family moved to Wellington, Florida, United States of America. WELLINGTON, FL 33449, PAI LOU L &11164 MARINA BAY RDWELLINGTON, FL 33449, changed from His birthday is publicly not available. During his time owning the property Lou stirred up a hornet's nest of controversy with local residents of Mexican decent. 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. This includes his assets, money, and income. 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. 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. also known as Lou L Pai Lou Pailou. The employees and retirees lost a great deal of their pension and benefits. The lot is 8157 square feet, the land value of which is assessed at writeCurrency("120000");. More recently, Pai and his family have moved to Wellington, Florida.[29][30]. . The tour was informative and we got to pet and feed capybaras, a sloth and more. 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. He is Chief Executive Officer of Kynetic, the direct src: c8.alamy.com Lou Lung Pai (Chinese: ??? Among the ventures he is considering is an idea he . 1. The reasons for his resignation from Enron remain shrouded in mystery. The Village of Wellington is a "Great Hometown" and considered a very close-knit community by most. He is additionally a dilapidated Enron Company (an American energy and providers and products company), Who Is Nikita Mathis? APC Tells Peter Obi, Atiku Abubakar What To Do as INEC has Declared winner. Upon knowing of the affair, Lous then-wife of more than 20 years, Lanna, with whom he has 2 biological children, filed for divorce. Ans. Savor a brunch meal at International Polo Club Palm Beach. The family settled in Maryland where his father landed a job as a professor of aeronautics at the University of Maryland, College Park. NFL Player Damar Hamlin in Critical Condition after Collapsing on Field, Legendary Designer Vivienne Westwood Dies Aged 81, 10 Female IAS Officers who can inspire us. By ABC News. The best result we found for your search is Lou Lung Pai age 70s in Wellington, FL in the Isles At Wellington neighborhood. All 45 square miles are meticulously maintained by the Village and residents alike. and M.S. The legal description of this lot is: "ISLES AT WELLINGTON PL 2". 4. Website: Wellington Amphitheater. According to Wikipedia, he remains married to her, 22 years later. Pai's Colorado ranchland included 14,047-foot mountain, Culebra Peak. I Love to read n write about Things that I find Interesting. 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. Peaceful Waters Sanctuary. [2] 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). His neighbors reportedly referred to the farm as "Mount Pai". 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. 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. Pai earned both B.S. [4], His sister is Sue Pai Yang,[17] the first Asian American appointed to be a New Jersey Workers' Compensation judge. Stay tuned for more updates on LatestinBollywood. in economics. Background. 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 paimiddleburg, VAReputation Score: 2.50/5Alert: Court Records. is paying $31.5 million to settle charges that . Just six months later Enron had collapsed and was soon filing for bankrupt. Lou began offloading his company shares to satisfy his divorce settlement agreement on May 18, 2001. 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. Lou Pai was born in Nanjing, China in 1946 and moved to the United States with his family at the age of two. 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. Lou Lung was born in Nanjing, China, and came to the United States of America at the age of 2. My mate married a stripper he met on Holiday. 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. 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. FREE Background Report & Reputation Score (4.28) for Melanie Pai in Wellington, FL. In 1987 Lou Pai left the SEC to take a job at Enron, which at the time was little-known regional energy supplier. 2590 Cooper Way, Wellington, FL 33414 MEARS REALTY GROUP, LLC. 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 was the 2nd-largest land owner in Colorado (Western United States). Feb 11. Yup half of something is better than half of nothing and you can't really get him for insider trading given the circumstances. Search for "PAI LOU L &" in Florida's Voter Registry. There have been no reports of him being sick or having any health-related issues. Urologists specialize in the male and female urinary tract and. The spray ground is expected to reopen for normal hours on Tuesday, March 7th. 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. [13] His neighbors reportedly referred to the ranch as "Mount Pai". He earned a master's . 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. Knocking up random strippers is clearly the key to financial success . Come visit us at one of our lululemon stores. On this Wikipedia the language links are at the top of the page across from the article title. Lou Pai is somewhat notorious for being fired and forced to sell the majority of his Enron shares several years before the company imploded. 1707 POST OAK BLVD # 484 Press question mark to learn the rest of the keyboard shortcuts. Wellington's main governing body is the Village Council. Pais resignation from Enron and his reasons for doing so remain shrouded in mystery. 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. 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. [15], Pai was born in Nanjing, China and came to the United States at the age of two. 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. and M.S. Lou pai the luckiest enron executive. Lou was the 2nd-largest land owner in Colorado (Western United States). 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. Jay graduated from Lake Worth High School, Class of 81. [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". and M.S. Skilling put Pai in charge of multiple Enron subsidiaries during his Enron career. Ans. Pai was a founder and is a former chairman of Element Markets, a renewable-energy consulting firm. 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. Lou Lung Pai (Chinese: ; pinyin: Bi Lulng) (born 23 June 1947) is a Chinese-American businessman and former Enron executive. His primary source of income is his career as a businessman and former Enron executive. You learn something new every day; what did you learn today? Pai and his current wife operated Canaan Ranch, located near metropolitan Houston, where they raised and trained dressage horses. Panther Ridge Conservation Center. He continues to disown or deny the Securities and Exchange Commission claims that he sells millions of Enron shares based on non-public information about the company's financial matters. [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. Pai was born in Nanjing, China and came to the United States at the age of two. Helpful Links. Wellington FL, 33414. As part of the settlement, Pai was also barred from serving as an officer or director of a public company for five years. This property has 1 residential units. At the time Lou Pai's first wife filed for divorce, Enron was trading in the $80-90 range. They have three children. [10] This early sell-off of Enron stock had the benefit of shielding Pai from the insider trading charges leveled against other Enron executives who had also secretly sold off large amounts of stock before the company's ruinous finances were publicly known. . Lou Lung Pai (Chinese: ??? Ans. Lou is 74 years old as of 2021, he was born in1947, in Nanjing, China. Outside of Colorado they operate ranches in Texas and Virginia. 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.[12]. 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. 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