Lou is 74 years old as of 2021, he was born in1947, in Nanjing, China. The Oldenburg, called "Soft Light Switches," is a red-vinyl version of the traditional double light switch. He didn't admit wrongdoing, and he wasn't charged criminally. Photographer: F. Carter Smith/Bloomberg(Bloomberg News/F. Since then, Pai has emerged as a partner in Midstream Capital Partners LLC. as well as M.S. Dana Carvey Net Worth : How Rich Is The American Comedian In 2023? Melanie fewell lou pai Sneha Girap (Editor)I Love to read n write about Things that I find Interesting Covid-19Lou Lung Pai (Chinese: ; pinyin: Bi Lulng) born in Nanjing, China in 1947, is a Chinese-American businessman and former Enron executive. His birthday is publicly not available. Fastow last year said he accepted full responsibility for his actions and considers himself probably the personmost responsible for Enrons failureafter originally viewing himself as a hero. Fastow, whos now a public speaker onbusiness ethics, declined to comment when reached by phone. During his time at the now-defunct energy company, Pai was often referred to as "the . 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. Pai worked for the federal government in the 1970s before joining Enron. He wrote a book about that probe, Where Law Ends, andnowteaches at New York University Law School. Heres a look at some of the prominent players in the scandalboth fallen executives and those who investigated themand where they are now: Kenneth Lay, founder, former chairman and CEO, No title providedKenneth Lay outside the Bob Casey Federal Courthouse in Houston, Texas, in 2006. Your email address will not be published. 5005 South Tamiami Trail Sarsasota FL 34231. . The pair is now raising thoroughbreds in Houston and is regarded Read More Upon knowing of the affair, Lou's then-wife of more than 20 years, Lanna, with whom he has 2 biological children, filed for divorce. Lou Lung Pai (Chinese: ; pinyin: Bi Lulng) (born 23 June 1947) is a Chinese-American businessman and former Enron executive. There was no cap to the bonuses, which could get as high as $1 million. The traders idolized Whalley. Melaniehadstruggled a lot as her son Kyle began the fight of his life when he was diagnosed with Acute Lymphocytic Leukemia (ALL) but after struggling for several years the child survived. He was ultimatelyrecalled in 2003, with the states 2000-2001 electricity crisis fresh on voters minds. Privacy Policy. "If I met with investors, if I came to Boston, I'd have to lie too much," Whalley responded, according to Fastow. His then-wife of over 20 years, Lanna, with whom he has two biological children, filed for divorce upon learning of the affair. "I'll cover it off with the reserves." Lou, during his Enron time, used to visit a strip club, and his affair story began there with stripper Melanie and which led to Melanie being pregnant. Super Capron Funk age: biography, Wiki, age, height, family, parents, net worth, Share This Post On WhatsApp, Facebook, Twitter, Instagram & Telegram. His wife, upon finding out about it, filed for divorce. Lou Lung Pai (Chinese: . As the companyunraveled, it was forced to write off more than $1 billion of failed investments, disclosemajor losses in shareholder equity because of dealings with affiliated partnerships andrestate years of earnings. Lou Pai might be the only person in history who actually managed to make $280 million by having an affair with a stripper, getting her pregnant and then losing both his marriage and his extremely high paying corporate job. It's safe to assume Whalley has made millions too. But in court testimony a different picture has emerged--of a guy who tried to help cover up problems. Lou is alive and in good health. During his tenure as CEO, Lou earned approximately $100 million in salary alone. [, A mathematics wiz, he was instrumental in getting Enron into the trading business. Pai left his wife to marry an ex-topless dancer, and his lawyer argued the stock sales were tied to the divorce, according to court documents. But he hired the Houston-based design team of Michael Galbreth and Jack Massing -- who are known as the "Art Guys" -- to do his guest quarters. You won't see him hanging around the courthouse. Together, with their newborn child, the couple moved to Colorado where Lou became the second largest land holder in the entire state after purchasing a 120 square mile ranch in the Sangre de Cristo mountain range. Claiming that he needed the money to fund his divorce, Pai sold the entirety of his shares of Enron ownership. Andrew Weissmann, former federal prosecutor who led the investigating task force. . For instance, Fastow testified that in July 2001 Whalley said that all the heads of the international business should be fired because they had done billions upon billions of bad deals. Yet it is Mark, along with Fastow, whom Skilling once blamed for Enron's destruction. His prison sentence of 24 years was eventually reduced, and he left prison in 2019. And eventually, going to strip clubs turned into a full on affair with a stripper named Melanie Fewell. As owner of the Taylor Ranch, Pai owned a 14,047 foot, Pai is currently investing in pollution emission credits at Element Markets, LLC. It looks like you aren't allowed to do that. View Melanie Pai's profile on LinkedIn, the world's largest professional community. State agencies reached a $1.52 billion settlement with Enron in 2005 to resolve allegations the company engaged in large-scale market manipulation during the energy crisis, though the state only expected to recover a fraction of that. Find out who you might see at the Enron trial, how they got involved, and what they're doing now. Bigger houses, better boats, new wives. In order to avoid getting caught by his wife, on his way home Lou would stop by a gas station and splash a little bit of gasoline on himself to get rid of the stripper scent. Fastow said he asked Whalley. Apr 3, 2006 - Where, for example, is Lou Pai, the enigmatic Jeff Skilling confidant. Fastow -- who is still residing in his Southampton house while his new one is under construction -- bought one of the larger houses on his block, a red-brick structure with white trim and a second-floor balcony. Downtown, across from Enron's gleaming corporate headquarters at 1400 Smith St., an unfinished $200 million, 40-story tower designed to be Enron's twin building sits like a shell. She is a believer in Christianity religion. So where's Whalley? mile ranch. Blogging will not change every businessbut it will change many, Socialnomics: The Social Media Revolution, 09 F9 11 02 9D 74 E3 5B D8 41 56 C5 63 56 88 C0, Lou Pai: The Only Guy Who's Ever Been Lucky to Get Divorced, Blogging will not change every businessbut it will changemany, 09 F9 11 02 9D 74 E3 5B D8 41 56 C5 63 56 88C0. Two decades later, the companys name is still invoked in shorthand by policymakers and average Americans alike when talking about corporate greed and fraud. One of the horses he bought for her is named Gucci. The only other person who can probably relate is Mikhail Prokhorov, the Russian billionaire and Brooklyn Nets owner who pretty much owes his entire $10 billion dollar fortune to a private jet full of prostitutes. A $7.1 million apartment in the Huntingdon -- Houston's finest apartment building -- where camera crews routinely sit outside and the Lays' neighbors now grumble that their dinner guests are practically patted down by security before being allowed to enter the building. Sign up to receive our content. CARTER SMITH). All content of the Dow Jones branded indices S&P Dow Jones Indices LLC 2018 It is one of the largest settlements in the history of the SEC's enforcement program dealing with an individual for alleged insider trading. In some Houston circles, the room is referred to, simply, as the Lip Room. Pai was CEO of the EES (Enron Energy Services) subsidiary from March 1997 until May 2001. In a move that the SEC questioned as actually a result of insider information, Pai netted himself somewhere around 300 million dollars. So now Skilling resides in a mammoth Mediterranean-style home with a tile roof, and he's engaged to Rebecca Carter (the one known as Va Voom), who under Skilling was promoted to executive secretary to Enron's board of directors at a salary of $600,000. It was perfect for Skilling, a man who lives to be on the edge. And for those young people who made it, Enron was unreal. He walked away just below the peak of Enron's stock price with an estimated. iGas Mandate; Vision and Mission; Company Structure. The Country should be outraged at what he and Lana Lee (Pai) have pulled off. Just months later, Enrons stock prices dramatically collapsed and it filed for bankruptcy protection. According to Bethany McLean's amazing book on the rise and fall of Enron titled "The Smartest Guys in the Room": "Only two things seemed to motivate Lou Pai. The South African Gas Development Company. According to the wiki, she marriedLou Lung Paiin 2001 and is still going strong. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. A former college classmate ofLay, Kinder resigned as president of Enron in 1996 after it became clear he wouldnt become CEO. And in Aspen, Colo., two of the four properties once owned by former Enron chairman Ken Lay are under contract -- one a "cottage" that sold for $10 million, which works out to an Aspen real estate record $3,330 per square foot. Follow peoplewithfame. There have been no reports of him being sick or having any health-related issues. Pai and Fewell married, after the divorce. The Stray Season 2 - Is It Renewed Or Cancelled? "Rebecca poured gasoline all over the balance sheet, and Andy lit the fuse," he said privately. Custom-designed vacations packaged by a company that does trips for the likes of Lyle Lovett and "Survivor II's" Keith Famie. Richard Kinder, Lays college friendwho helped build Enron. That was June of 2001. It was a mess that got even messier when the affair resulted in a pregnancy. Press J to jump to the feed. Skilling lived in a simple, square brick house with his wife and three children. 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 . Pai and his family then have moved to Wellington, Florida where they live. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Melanie Fewell, Lou Pai's wife and a former stripper, is well-known for having wed the former Enron executive Lou Pai. It was quite a ride they took, Enron's top brass. 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. Pai's frequent strip club visits during his time at Enron proved to be a blessing in disguise. He joined Enron in 1987 and quickly climbed the ranks. They also have also generously given to the sport of dressage in the US and sponsors dressage shows, including the $5,000 Canaan Ranch Pas de Deux held at the EEMI Dressage Show. Pai ran Enrons retail energy unit, arriving at the company after stints at ConocoPhillips and DuPont. 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. The bottom 5 percent could expect to be sent to the redeployment office, also known as the "office of shame," where they got a phone and a desk and a chance to be rehired by another division. 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