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. 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. [13] His neighbors reportedly referred to the ranch as "Mount Pai". To satisfy the financial terms of his divorce settlement, Pai cashed-out approximately $250 million of his Enron stock just months before the company's stock price dramatically collapsed, and it filed for bankruptcy protection. The reasons for his resignation from Enron remain shrouded in mystery. Pai, a 54-year-old U.S. citizen from Nanjing, China, quit the company last June. PAI LOU L & During his time at the now-defunct energy company, Pai was often referred to as "the invisible CEO.". ADHD and Women: Misunderstood, Misdiagnosed & Moving Forward for Change. Just months later, Enrons stock prices dramatically collapsed and it filed for bankruptcy protection. Pai obtained both his B.S. Phone: 561-791-4000 or 561-363-7905. Lou Lung Pai is a Chinese language-American businessman. Well hold on now, lets also add to the point that you should be rich first. 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. In this blog, youll uncover about Lou Pai (Chinese language-American Businessman) Wiki, Procure Rate 2023, Age, Family, Wife, Children & More. Lou Pai was born in Nanjing, China in 1946 and moved to the United States with his family at the age of two. Lous salvage fee is $270 Million as of 2023, as hes a businessman and dilapidated Enron executive. Village Manager. Overview. 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. 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. [2][10] At the time, the price averaged $53.78 per share. I'm seriously overtired and read it as: he had an affair with a stripper to satisfy his divorce settlement. 21,816 views 9.5 (2 votes) Categories. A math prodigy from a very young age, Lou eventually earned Bachelor's Degree and Masters Degree in economics from the University of Maryland. 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. Ans. They then moved from Sugarland, Texas, to Middleburg, Virginia, and opened the second Canaan Ranch there, but in 2014 it was for sale. Join Facebook to connect with Lou Pai and others you may know. Lou left Enron Company with more than $250 million. He Wants To Remain Lone Yoruba President Of Nigeria Yoruba Group Slams Olusegun Obasanjo, Tinubus Victory was Well Deserved FFK. 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. His sister is Sue Pai Yang, the first Asian American appointed to be a New Jersey Workers' Compensation Judge. 4. Lou modified into the 2nd-largest land proprietor in Colorado (Western United States). Sun, Feb 26, 2023 9:30 AM PST. Since then, Pai has emerged as a partner in Midstream Capital Partners LLC. She is now known as Melanie Pai. Pai was CEO of EES (Enron Energy Services) subsidiary from March 1997, until May 2001. and M.S. After the divorce from Lanna, Lou, and Melanie Fewell married. Dr. Singer's office is located at 10115 Forest Hill Blvd., Wellington, FL. Santa Rosa Beach, Florida (FL), US. Homes of NFL team owners by Xeba73; Comments. The size of the land lot is 8,157 sqft. Went to work . By ABC News. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. Here are some interesting facts and body measurements you should know about Lou Pai. Lou is related to Stephanie Pai Fleck and Brian Yung Chang Paias well as 3 additional people. 5. Lou Pai lucked out because his marriage unraveledbefore Enron itself did. This property is valued at writeCurrency("394469");. Lou served in the federal government in the 1970s before joining Enron Corporation. The employees and retirees lost a great deal of their pension and benefits. Former Enron CEO Jeffrey Skilling is looking at ways to return to the energy business, according to two sources familiar with his activities. The divorce filing would inadvertently be an extremely lucky turn of events for Lou Pai. Lou Pai was born in Nanjing, China in 1946. In response to his starting up date, Lou is 75 years frail now. [2] Lou Lung Pai was born on 23 June 1947, According to his birth date, Lou is 75 years old now. His neighbors reportedly referred to the farm as "Mount Pai". Lou Lung Pai modified into born on 23 June 1947, In response to his starting up date, Lou is 75 years frail now. And love. Four of the companies are still active while the remaining three are now listed as inactive. After the divorce, Pai and Fewell married. Browse Obituaries and Death Records in Wellington, Florida. Recently, Pai and his family moved to Wellington, Florida. WILLISTON PK, NY 11596, CHRISPIN CARLO S MD48 LIPTON LNWILLISTON PK, NY 11596, changed from His then-wife of over 20 years, Lanna, with whom he has two biological children, filed for divorce upon learning of the affair. Skilling put Pai in charge of multiple Enron subsidiaries during his Enron career. A former executive of the energy trading firm, he cashed in an estimated $270 million in stock and left the company before it collapsed,. Information should be independently confirmed and you use the information displayed here at your own risk. Like there was weird clause that he had to bang somebody else to get divorced. Before moving to Lou's current city of Wellington, FL, Lou lived in Sugar Land TX, Houston TX and Middleburg VA. Pai's Colorado ranchland included 14,047-foot mountain, Culebra Peak. Press J to jump to the feed. Lou Pai Net Worth Lou has a net worth of $270 million as of 2021. 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. Very shortly after, Enron's stock plummeted from $80 per share to pennies. . [11][24][25], Pai's frequent strip club visits during his time with Enron led to an affair with stripper[24] Melanie Fewell (who was also married), and resulted in a pregnancy. There in economics from the . 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. 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 . Also find all Bollywood Movie Information related to release date, Reviews, Web Series Information and celebrities, gossips, and entertainment news. 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. in economics. Floodplain Management. Get contact info for current residents, including phone, email & criminal records. He became one of (eventual) CEO Jeffrey Skilling's top lieutenants, primarily tasked with detailing and implementing Skilling's vision of transforming Enron into a de facto energy commodities-trading firm. Lou was the 2nd-largest land owner in Colorado (Western United States). On July 30, 2008, Pai agreed to settle the insider trafficking allegations against him with an out-of-court settlement of $ 31.5 million, including $ 1.5 million in civil penalties and $ 30 million in restitution, to be deposited into funds for shareholders harmed by Enron Bankruptcy. He is one of the few former Enron executives who ended up with a massive fortune. Animal Nuisance. Upon knowing of the affair, Lous then-wife of more than 20 years, Lanna, with whom he has 2 biological children, filed for divorce. Louis Jay Miller II. Pai was born in Nanjing, China and came to the United States at the age of two. According to Wikipedia, he remains married to her, 22 years later. Background. ; 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). 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. 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. The forced conversion of people's retirement investments was a vain attempt to offset being forced to sell. Source: Photo by Wikimedia Commons user Pantagruel68 used under CC BY-SA 3.0. He earned a master's . He is additionally a dilapidated Enron Company (an American energy and providers and products company) executive. Pai and Fewell raised and trained dressage horses on Canaan Ranch, located near metropolitan Houston. 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. The former Enron executive,blamed for some of the company's biggest flops, sold$270 million worth of Enron stock to raise . in economics. Skilling impressed Enron's CEO Kenneth Lay and was hired away in 1991. He is Chief Executive Officer of Kynetic, the direct src: c8.alamy.com Lou Lung Pai (Chinese: ??? This is one of the largest settlements in the history of SEC law enforcement programs that deal with individuals for alleged insider trading. 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 company's collapse in the early 2000s, scooped up a Wellington equestrian estate for $8.2 million. 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