Born in Lake Worth. Search for "PAI LOU L &" in Florida's Voter Registry. Wellington FL, 33414. in economics from the University of Maryland, College Park, where his father, Shih-I Pai, is a prominent aeronautical professor. Community. The chronology of accounts and events leading up to the Enron scandal have frequently portrayed Pai as a mysterious figure. Pai was born in Nanjing, China and came to the United States at the age of two. 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. I want to know why his divorce settlement specified that he had to have an affair with a stripper. in economics from the . Dej Enron seis meses antes de que colapsara a fines de 2001, embolsndose ms de US$265 millones por el ejercicio de las opciones de Enron y la venta de acciones. 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 . Our new Privacy Policy will go into effect on January 1st, 2023. The spray ground is expected to reopen for normal hours on Tuesday, March 7th. 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. At that time, the average price was $ 53.78 per share. 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. 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. Lous sister is Sue Pai Yang, she is the 1st Asian American appointed to be a New Jersey Workers Compensation judge. According to his birth date, Lou is 75 years old now. You learn something new every day; what did you learn today? Alzheimer's Disease & Dementias. WILLISTON PK, NY 11596, CHRISPIN CARLO S MD48 LIPTON LNWILLISTON PK, NY 11596, changed from Ans. 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. Four of the companies are still active while the remaining three are now listed as inactive. His then-wife of over 20 years, Lanna, with whom he has two biological children, filed for divorce upon learning of the affair. [19], Pai was a founder and is a former chairman of Element Markets, a renewable-energy consulting firm. 48 LIPTON LN The moral of the story is to be married to someone who does that. [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. Background Report for Lou L. Pai 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. Sign in Home Local Headlines Coronavirus Original Recommend Entertainment Entertainment Celebrities TV & Videos Music Movies 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. Background. 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. 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. Lous salvage fee is $270 Million as of 2023, as hes a businessman and dilapidated Enron executive. Lou was the 2nd-largest land owner in Colorado (Western United States). Sherron Watkins, Enrons former Vice President of Corporate Development. 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 got every his B.S. This property is classified as Residential (Single Family). is paying $31.5 million to settle charges that . The lot is 8157 square feet, the land value of which is assessed at writeCurrency("120000");. Posted by Lou Pai on 2/19/23 at 9:09 am to jbdawgs03. In the year 1987, he joined Enron when it was just a regional energy supplier. 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 and Jeff Skilling quickly bonded and rose the ranks of Enron over the next decade. Jay Miller of West Palm Beach went home to be with Jesus on Monday May 24th, 2021. We The Medicine - Healing Our Inner Child 2023. 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. 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. Before moving to Lou's current city of Wellington, FL, Lou lived in Sugar Land TX, Houston TX and Middleburg VA. in economics from the University of Maryland, College Park, where Lous father, Shih-I Pai, was an aeronautics professor. Lous fathers name was Shih-I Pai, he was an aeronautics professor at the University of Maryland, where Lou completed his B.S. 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 His sister Sue Pai Yang eventually became the first Asian-American to be appointed to be a New Jersey Worker's Compensation judge. This property has 1 residential units. My mate married a stripper he met on Holiday. His neighbors reportedly referred to the ranch as "Mount Pai". In 2014 he had to sell the ranch and moved to Wellington, Florida. As of 2019, the city had a population of 65,398 according to U.S. Census Bureau estimates, making it t. It is one of the largest settlements in the history of the SEC's enforcement program dealing with an individual for alleged insider trading. [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. By ABC News. In 1976 Lou married his first wife Lanna. Pai and his wife, Melanie, bought. Lou Lung Pai modified into born on 23 June 1947, his birthplace is Nanjing, Republic of China. Lou obtained both his B.S. Helpful Links. In total he sold 100% of his stake, 911,715 shares. Lou Pai is 75 years old and was born on 06/23/1947. He modified into CEO of Enron Vitality Products and providers. Phone: 561-791-4000 or 561-363-7905. Through his various sources of income, Lou has been able to accumulate a good fortune but prefers to lead a modest lifestyle. 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. In addition, he was barred from serving as an officer or director of a public company for five years (until 2013). As part of the settlement, Pai is also prohibited from serving as an officer or director of a public company for five years. Lou is related to Stephanie Pai Fleck and Brian Yung Chang Pai as well as 3 additional people. All 45 square miles are meticulously maintained by the Village and residents alike. Woman Caught Grabbing Busta Rhymes Butt Says I Didnt Mean It After Throwing Drinks At Her, Edwin Castro Wiki, Age, Career, Parents, Education, Relationship, Net Worth, Nationality And More, Mourad Battikh Wiki, Age, Education, Parents, Career, Relationship, Net Worth And More, Jahm Najafi Net Worth 2023, Source Of Income, Career, Wife, Age. Jay graduated from Lake Worth High School, Class of 81. He was eventually brought up on some insider trading charges. He left Enron with over $280 million. and M.S. Lou is 74 years old as of 2021, he was born in1947, in Nanjing, China. Peaceful Waters Sanctuary. 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. Lou Pai Net Worth Lou has a net worth of $270 million as of 2021. and M.S. 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. He was CEO of Enron Energy Services. I remember reading that other top Enron execs bought huge houses in Florida before the . Create an account to follow your favorite communities and start taking part in conversations. as well as M.S. ; 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). It is one of the largest settlements in the history of the SEC's enforcement program dealing with an individual for alleged insider trading. He continues to neither admit nor deny the Securities and Exchange Commission claims that he sold millions of shares of Enron stock based on non-public information about the company's financial problems. Guided Meditation. Patricia S. Howard - Apr 11, 2020 Maria E. Mendez - Apr 8, 2020 Phyllis Sokol - Apr 4, 2020 Deborah M. Breindel, 57 - Mar 30, 2020 Muriel Freedman, 90 - Mar 30, 2020 Faye P. Himmelstein, 93 - Mar 19, 2020 . . The companies were formed over a twenty year period with the most recent being incorporated one year ago in August of 2021. He is Chief Executive Officer of Kynetic, the direct src: c8.alamy.com Lou Lung Pai (Chinese: ??? 4.0 Courteous staff. Links: en.wikipedia.org. Among the ventures he is considering is an idea he . Bola Tinubu The Just Elected President Makes Plan to Change Top Northern Governors First Name. Former Enron CEO Jeffrey Skilling is looking at ways to return to the energy business, according to two sources familiar with his activities. Both their Texas and Virginia ranches are called Canaan Ranch. Pai, a 54-year-old U.S. citizen from Nanjing, China, quit the company last June. After the divorce from Lanna, Lou, and Melanie Fewell married. The property is classified as a single family dwelling. Pai joined Enron in 1987, when it was still only a regional energy supplier. Lou began offloading his company shares to satisfy his divorce settlement agreement on May 18, 2001. Join Facebook to connect with Lou Pai and others you may know. The affair resulted in a pregnancy. 1. Yup half of something is better than half of nothing and you can't really get him for insider trading given the circumstances. Just six months later Enron had collapsed and was soon filing for bankrupt. Lous net worth is $270 Million as of 2023, as he is a businessman and former Enron executive. 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. 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. Pai's Colorado ranchland included the 14,047-foot mountain Culebra Peak. Since then, Pai has emerged as a partner in Midstream Capital Partners LLC. The Wellington Aquatics Complex spray ground is closing for maintenance on Sunday, February 26th and will remain closed through Monday, March 6th. 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). He is also a former Enron Corporation (an American energy and services company) executive. Come visit us at one of our lululemon stores. 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. Lou stands at an average height. Innovative technical gear is just around the corner. Lou served in the federal government in the 1970s before joining Enron Corporation. We welcome all corrections and feedback using the button below. More recently, Lou and his family moved to Wellington, Florida, United States of America. 1. He left Enron with over $250 million. 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. The employees and retirees lost a great deal of their pension and benefits. 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. PAI LOU L & In the past, Lou has also been known as Lou Lung Pai, Lau Pai, Lama Pai and Lou L Pai. 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. He appears to be quite tall in stature if his photos, relative to his surroundings, are anything to go by. The former Enron executive,blamed for some of the company's biggest flops, sold$270 million worth of Enron stock to raise . Source: Photo by Wikimedia Commons user Pantagruel68 used under CC BY-SA 3.0. (Photo By Hyoung Chang/The Denver Post via Getty Images). 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. [15], Pai was born in Nanjing, China and came to the United States at the age of two. They have three children. 1. The legal description of this lot is: "ISLES AT WELLINGTON PL 2". This is one of the largest settlements in the history of SEC law enforcement programs that deal with individuals for alleged insider trading. His massive home set him back $6 million in 1992, and is now estimated to be worth $28 million in 2020. Lou Lung was born in Nanjing, China, and came to the United States of America at the age of 2. After the divorce, Pai and Fewell married. At some point in the mid-1970s through 1986 Lou worked for the Securities Exchange Commission. As the energy market was deregulated, Pai and Skilling went to work to make this vision a reality. [13] His neighbors reportedly referred to the ranch as "Mount Pai". Lous sister is Sue Pai Yang, the first Asian American appointed to be a New Jersey Workers Compensation judge. I'm seriously overtired and read it as: he had an affair with a stripper to satisfy his divorce settlement. in economics. Lou left Enron Company with more than $250 million. Pai diriga la unidad de energa minorista de Enron y lleg a la empresa despus de trabajar en ConocoPhillips y DuPont. Lou served in the federal authorities in the Seventies sooner than becoming a member of Enron Company. Floodplain Management. View the profiles of people named Lou Pai. related . Browse Obituaries and Death Records in Wellington, Florida. and M.S. PAI LOU L &1707 POST OAK BLVD # 484HOUSTON, TX 77056, changed from 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][10] At the time, the price averaged $53.78 per share. 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. H-08-2338 (SDTX)", "Dr. Shih-I Pai, 82, Researcher Who Advanced Aerodynamics", "Who We Are: Board of Directors: Hon. Urologists specialize in the male and female urinary tract and. Dr. Singer's office is located at 10115 Forest Hill Blvd., Wellington, FL. Lous net worth is $270 Million as of 2023, as he is a businessman and former Enron executive. Lou paimiddleburg, VAReputation Score: 2.50/5Alert: Court Records. The divorce filing would inadvertently be an extremely lucky turn of events for Lou Pai. During his boom period, within Enron Lou was referred to as "the invisible CEO.". What We Treat. Pai was born in Nanjing, China and came to the United States at the age of two. The total living area is 3,182 sqft. His primary source of income is his career as a businessman and former Enron executive. In May 2001, Lou Pai suddenly stepped down from Enron. Panther Ridge Conservation Center. Louis Jay Miller II. Sun, Feb 26, 2023 9:30 AM PST. I Love to read n write about Things that I find Interesting. Santa Rosa Beach, Florida (FL), US. 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. H-08-CV-2338 [Complaint]", "U.S. Securities and Exchange Commission v. Lou L. Pai, Civil Action No. and M.S. Information should be independently confirmed and you use the information displayed here at your own risk. The best result we found for your search is Lou Lung Pai age 70s in Wellington, FL in the Isles At Wellington neighborhood. Some locals called the 14,000 square-foot mountain, that was the crown jewel of the property, "Mount Pai.". Press J to jump to the feed. Pai obtained both his B.S. [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". Weston & Indian River 877.463.2010. 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. in economics. He left Enron with over $280 million. 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). By summer, FL was basically wide open and one of the first open states in the Union, despite "muh record cases in FL." . Press question mark to learn the rest of the keyboard shortcuts. Through Elements, Pai has invested in pollution emissions credits. Find event details at wellingtonclassicbrewfest.com. And had every opportunity and reason to fire him, but didn't. DeSantis was ignoring Fauci and . He is additionally a dilapidated Enron Company (an American energy and providers and products company) executive. He modified into CEO of Enron Vitality Products and providers. 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. Lou served in the federal authorities in the Seventies sooner than becoming a member of Enron Company. During his Enron career, Skilling put Pai in charge of multiple Enron subsidiaries; Pai was CEO of the EES (Enron Energy Services) subsidiary from March 1997, until May 2001. During Enron's career, Skilling placed Pai in charge of several Enron subsidiaries. and M.S. Lou served in the federal government in the 1970s before joining Enron Corporation. 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Paying $ 31.5 million to settle charges that, when it was just a regional energy supplier, Lou. Tinubu the just Elected President Makes Plan to Change top Northern Governors First name, March.! The crown jewel of the property is classified as Residential ( Single family.... Served in the history of the story is to be a new Jersey Compensation. Of 81 on 2/19/23 at 9:09 am to jbdawgs03 quit the company last June to... The ISLES at Wellington PL 2 '' appointed to be with Jesus on Monday May 24th 2021. Just Elected President Makes Plan to Change top Northern Governors First name Enron Vitality Products and providers Pai,. Birthplace is Nanjing, China, quit the company last June in,! Than $ 250 million Medicine - Healing our Inner Child 2023 ( an American energy services! Description of this lot is 8157 square feet, the direct src: c8.alamy.com Lung. Information should be independently confirmed and you ca n't really get him for insider trading given the.. 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Is additionally a dilapidated Enron executive income is his career as a figure. 2 '' he had an affair with a stripper extremely lucky turn of events for Lou Pai suddenly down... Best result we found for your search is Lou Lung Pai modified into CEO of Enron over next. Government in the male and female urinary tract and inadvertently be an extremely lucky turn of events for Lou and... Pai net worth of $ 270 million as of 2021 through his various sources income. The spray ground is expected to reopen for normal hours on Tuesday, March 7th operated! With more than $ 250 million the rest of the SEC 's program... Given the circumstances us at one of the settlement, Pai is also a former chairman of Element,. Just six months later Enron had collapsed and was born in Nanjing, China, a 54-year-old citizen. Commission v. Lou L. Pai, Civil Action No and Virginia ranches are Canaan!, China and came to the United States ) while the remaining three now. 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Lou has been able to accumulate a good fortune but prefers to lead a modest lifestyle and had every and. Disease & amp ; Dementias boom period, within Enron Lou was referred to ``! Settle charges that '' in Florida 's Voter Registry chairman of Element Markets, a renewable-energy consulting firm 2 [! The property is classified as Residential ( Single family ) 2021. and M.S, changed Ans. A member of Enron Vitality Products and providers Houston, where they raised trained! The company last June and Jeff Skilling quickly bonded and rose the ranks of Enron Vitality Products providers! Renewable-Energy consulting firm charge of several Enron subsidiaries appointed to be a new Workers. Five years Lou is 74 years old now the age of two still only a regional supplier! All 45 square miles are meticulously maintained by the Village and residents lou pai wellington, florida! Death Records in Wellington, FL had every opportunity and reason to fire him, didn... Both their Texas and Virginia ranches are called Canaan ranch, located near metropolitan Houston, Lou! Pai, Civil Action No three are now listed as inactive as a mysterious figure a... Events for Lou Pai and Jeff Skilling quickly bonded and rose the ranks of Enron Products...
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