1. In May 2001, Lou Pai suddenly stepped down from Enron. The Registered Agent on file for this company is Pai Natalie and is located at 11164 M,arina Bay Rd, Wellington, FL 33449. After all, if you can buy up all the shares being sold then the price doesn't fall. 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. Create an account to follow your favorite communities and start taking part in conversations. 11,500 sqft Florida beach mansion of the Dallas Cowboys owner. All net worths are calculated using data drawn from public sources. You learn something new every day; what did you learn today? Through Elements, Pai has invested in pollution emissions credits. Pai and Fewell raised and trained dressage horses on Canaan Ranch, located near metropolitan Houston. According to his birth date, Lou is 75 years old now. Lous salvage fee is $270 Million as of 2023, as hes a businessman and dilapidated Enron executive. Lou Lung Pai (Chinese: ??? 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. Sun, Feb 26, 2023 9:30 AM PST. 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. He modified into CEO of Enron Vitality Products and providers. 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. Pai came to the United States aged two years. Pai joined Enron in 1987, when it was still just a regional energy supplier. 2590 Cooper Way, Wellington, FL 33414 MEARS REALTY GROUP, LLC. Links: en.wikipedia.org. Lous net worth is $270 Million as of 2023, as he is a businessman and former Enron executive. Among the ventures he is considering is an idea he . Pai exercised his 5th Amendment rights in regard to the subsequent Enron class action lawsuits and was not charged with any criminal wrongdoing in the Lawsuits regarding the Enron scandal. During his time owning the property Lou stirred up a hornet's nest of controversy with local residents of Mexican decent. A former executive of the energy trading firm, he cashed in an estimated $270 million in stock and left the company before it collapsed,. 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. [2] He left Enron with over $250 million. Lou Pai and Jeff Skilling quickly bonded and rose the ranks of Enron over the next decade. and M.S. Lou Pai is a Chinese-American businessman and mathematical genius who has a net worth of $200 million. In total he sold 100% of his stake, 911,715 shares. We will update this section once this information is available. His father was a math professor at the University of Maryland, Collage Park, where. Submit a correction suggestion and help us fix it! The chronology of accounts and events leading up to the Enron scandal have frequently portrayed Pai as a mysterious figure. 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 Pai (Chinese-American Businessman) Wiki, Net Worth 2023, Age, Family, Wife, Children & More, Lous fathers name was Shih-I Pai, he was an aeronautics professor a. t the University of Maryland, where Lou completed his B.S. 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. Accounts of the Enron scandal have frequently portrayed him as a mysterious figure; a former Enron employee, interviewed in the documentary film Enron: The Smartest Guys in the Room, referred to Pai as "the invisible CEO". Very shortly after, Enron's stock plummeted from $80 per share to pennies. 2023 Celebrity Net Worth / All Rights Reserved. Bola Tinubu The Just Elected President Makes Plan to Change Top Northern Governors First Name. His then-wife of over 20 years, Lanna, with whom he has two biological children, filed for divorce upon learning of the affair. 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. We will update this section when the information is available. [20] Through Element, Pai has invested in pollution emissions credits. His sister Sue Pai Yang eventually became the first Asian-American to be appointed to be a New Jersey Worker's Compensation judge. 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. Animal Nuisance. Community. H-08-2338 (SDTX)", "Dr. Shih-I Pai, 82, Researcher Who Advanced Aerodynamics", "Who We Are: Board of Directors: Hon. In 1976 Lou married his first wife Lanna. Join Facebook to connect with Lou Pai and others you may know. Pai diriga la unidad de energa minorista de Enron y lleg a la empresa despus de trabajar en ConocoPhillips y DuPont. Lou Lung Pai was born on 23 June 1947, According to his birth date, Lou is 75 years old now. Like there was weird clause that he had to bang somebody else to get divorced. ; 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). . The divorce filing would inadvertently be an extremely lucky turn of events for Lou Pai. Submit interesting and specific facts about something that you just found out here. Access agendas, minutes, meeting information, and member details. Information should be independently confirmed and you use the information displayed here at your own risk. 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. 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. [2] He was CEO of Enron Energy Services. Population: 61,637 (2020) [10] As part of the settlement, Pai was also barred from serving as an officer or director of a public company for five years. n/a Average office wait time. Lou began offloading his company shares to satisfy his divorce settlement agreement on May 18, 2001. Ans. After the divorce from Lanna, Lou, and Melanie Fewell married. In 1987 Lou Pai left the SEC to take a job at Enron, which at the time was little-known regional energy supplier. 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. He was eventually brought up on some insider trading charges. 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. 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Fast and FREE public record search on 36867 Mountville Rd Middleburg VA 20117. Lou Pai is the real mystery man in the Enron scandal. 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. CHRISPIN CARLO S MD WELLINGTON, FL 33449, PAI LOU L &11164 MARINA BAY RDWELLINGTON, FL 33449, changed from Lou pai the luckiest enron executive. Lou Lung was born in Nanjing, China, and came to the United States of America at the age of 2. Lou was born in 1947, in Nanjing, China, and came to the United States at the age of 2 years. Lou is alive and in good health. . Lou has a net worth of $270 million as of 2021. Pai and his wife, Melanie, bought. and M.S. Lou was the 2nd-largest land owner in Colorado (Western United States). And love. The employees and retirees lost a great deal of their pension and benefits. Pai and his wife currently operate Canaan Ranch, located near metropolitan Houston, where they lift and train horses in the locker room. This property is valued at writeCurrency("394469");. . In May 2022 Lou and Melanie paid $8 million for a 21-acre equestrian estate in Wellington, Florida. Find event details at wellingtonclassicbrewfest.com. and M.S. The reasons for his resignation from Enron remain shrouded in mystery. 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. Overview. During Enron's career, Skilling placed Pai in charge of several Enron subsidiaries. Lou Lung Pai was born on 23 June 1947, his birthplace is Nanjing, Republic of China. HOUSTON, TX 77056. Lou Lung Pai (Chinese: ; pinyin: Bi Lulng) (born 1947) is a Chinese-American businessman and former Enron executive. At the time Lou Pai's first wife filed for divorce, Enron was trading in the $80-90 range. Outside of Colorado they operate ranches in Texas and Virginia. According to Wikipedia, he remains married to her, 22 years later. and M.S. My mate married a stripper he met on Holiday. Lou is related to Stephanie Pai Fleck and Brian Yung Chang Paias well as 3 additional people. After the divorce, Pai and Fewell married. Both their Texas and Virginia ranches are called Canaan Ranch. 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. The tour was informative and we got to pet and feed capybaras, a sloth and more. 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. 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