We will update this section once this information is available. Lou is 74 years old as of 2021, he was born in1947, in Nanjing, China. And for those young people who made it, Enron was unreal. He was indicted in 2004 by a grand jury for his role in wide-ranging schemes to defraud the public and accused by regulators of reaping more than $90 million in ill-gotten gains from selling stock. Pai came to the United States aged two years. They lived a life of perks and privilege, and they knew it. Lou Pai was a recluse. Natalie Pai isa rising star in dressage andthe youngest competitor in history to bring two horsesto compete at the Festival of Champions. Lou eventually became one of Enron CEO Jeff Skilling's most trusted and highest ranking executives. At the time Lou joined Enron, the company was still a mid-sized, regional energy supplier. Whalley, now 44, was long one of the central characters in the Enron drama, although he only burst into public view during the company's final months. Or someone else is a more compelling witness. Enron had to have two. Why did this happen? He was one of the major figures in Enrons success and was known as the invisible CEO.. And eventually, going to strip clubs turned into a full on affair with a stripper named Melanie Fewell. She has a sister name Debby Kluepfel. Funky, humorous -- at times even described as adolescent in their approach to design -- the Art Guys did the bedroom with a folk art approach, with lots of color and a focus on lips. The neighborhood where Lay lives. See the complete profile on LinkedIn and discover Melanie's . According to Fastow, Skilling "didn't disagree" that Enron's international businesses "were generally a disaster. Fastow is a big patron of the arts (and his wife, Lea, comes from a well-known local family), but even before Enron self-destructed, they were not often visible on the social scene. "Exhilarating," "freewheeling," "innovative," in the words of one 30-year-old who leaped three titles in three years. As the attorney for one former Enron executive put it: "He ain't getting within a thousand miles of the courtroom.". In the time since, Pai went on to become on of the largest landowners in Colorado, where he lived for a time with his new wife, the former stripper, Melanie Fewell [Pai]. Another time, it was off-road racing in Land Cruisers in the Australian outback. So he then married Melanieand she quit her job as an exotic dancer. Hebought a publicly traded liquids pipeline company from Enron and turned it into one of the largest U.S. energy infrastructure companies in the world: Kinder Morgan Inc. Kinder is today worth $7.8 billion, ranking 346 on the Bloomberg Billionaires Index. Famie -- the chef from "Survivor II" -- taped an episode of his Food Network show "Keith Famie's Adventures" on a Baja trip with Haines (the episode airs today). So where's Whalley? The Stray Season 2 - Is It Renewed Or Cancelled? Upon learning of the affair, Pai's then-wife of over 20 years, Lanna, with whom he has two biological children, filed for divorce. Lips on the walls. In a move that the SEC questioned as actually a result of insider information, Pai netted himself somewhere around 300 million dollars. "They are pretty much in keeping with what a top executive would have.". He left Enron with over $250 million. CARTER SMITH). Lou Lung Pai (Chinese: . On December 2, 2001, Enron filed for bankruptcy. 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 pair is now raising thoroughbreds in Houston and is regarded as a member of the local neighbourhood. After their child was born they moved to Colorado and there Lou turned the second largest landholder after buying a 120 sq. Pai obtained his Bachelor of Science Degree and Master of Science Degree in economics from the University of Maryland, College Park where his father was a professor. So he then married Melanie and she quit her . Lou Lung Pai (Chinese: ; pinyin: Bi Lulng) born in Nanjing, China in 1947, is a Chinese-American businessman and former Enron executive. in economics from the University of Maryland, College Park, where Lous father, Shih-I Pai, was an aeronautics professor. Entertainment, Melanie Pai was born in 1963 in Houston, Texas, United America. He appears to be quite tall in stature if his photos, relative to his surroundings, are anything to go by. At Advantage BMW, a popular Houston shopping spot for high-end Enron employees, Cliff Baxter's name was removed -- by his request, before his suicide -- from the waiting list for a coveted 745 luxury sedan. Lous sister is Sue Pai Yang, the first Asian American appointed to be a New Jersey Workers Compensation judge. Mar 28, 2009. 5005 South Tamiami Trail Sarsasota FL 34231. One of the horses he bought for her is named Gucci. River Oaks. She spun off the companys water business, Azurix, in a 1999 IPO, but lost a power struggle to Skilling and resigned from Enron in 2000. (In early 2005 she agreed to pay $5.2 million of that to settle her share of a lawsuit brought by former Enron stockholders.). James Fallows. Enron Complex in Houston Texas. Lou Lung Pai (Chinese: ; pinyin: Bi Lulng) (born 23 June 1947) is a Chinese-American businessman and former Enron executive. Does Internet Increase, Decrease, or Supplement Social Capital? Not long after Lou fled to Colorado, Enron slowly started to collapse as investors began to question the company's accounting practices and general business ethics. And not a few hundred dollars, not a few thousand, not a few million, but HUNDREDS of MILLIONS of dollars??? Since then, Pai has emerged as a partner in Midstream Capital Partners LLC. The neighborhood where the rich live in Houston. Skilling's house is decorated in a sleek, black-and-white theme, in homage to Enron's corporate colors. Arriving at Enron in 1994, he preceded one key government witness (Glisan) in the role of corporate treasurer, and in October 2001 succeeded another (Fastow) in the role of CFO. And the latest big Enron project was the formation of a great art collection, one that would be on display to the public as well. In the Powers report, the Enron board's investigation of the company's unraveling, the firm's "tragic" collapse is attributed, in part, to "a culture that appears to have encouraged pushing limits.". It led to an affair with stripper Melanie Fewell (who was also married) and resulted in a pregnancy. During his Enron career, Skilling put Pai in charge of multiple Enron subsidiaries. Think strip clubs and Ferraris. Pai, 59, continues to live in Houston with the ex-stripper -- now his wife -- and is considering launching a small energy business, according to his lawyer. Where are the untouchable vigilantes out there? How much money did Lou Pai finally wind up with? . Further, she completed her graduation in management and finance from the University of Tulsa. 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. This time, they booked a trip with the Chris Haines Motorcycle Adventure Co., a Mexico-based tour group. A WarnerMedia Company. The most popular models were the M5s and the M3s -- "the fast cars," Wickman says. No more high paying job, his stripper girlfriend was pregnant, his marriage was destroyed and divorce proceedings were underway. He also snapped up several properties in Houston -- mostly older homes on blocks where massive renovations have taken place, areas clearly in the midst of major renewal. After the divorce from Lanna, Lou, and Melanie Fewell married. When the bankruptcy occurred in December, more than a dozen pieces had been collected, costing in the millions, and the committee was in the process of reviewing proposals by artists for solicited pieces as well. And Kopper and his partner William Dodson opted for a postmodern abode -- boxy, all white and beige and glass and hard angles. Pai joined Enron in 1987, when it was just a regional energy supplier. Will the law of limited variety stand the test of time and changingenvironments? And, from the looks of life in Houston these days, it still is. It is one of the largest settlements in the history of the SEC's enforcement program dealing with an individual for alleged insider trading. 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. Skilling had a yen for travel adventures. 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. These topics have nothing in common apart from a sort of odd orthographic. It was a mess that got even messier when the affair resulted in a pregnancy. It wasn't enough for Lay to have one house in Aspen, he had to have four. When times were good, Lou Pai also had a reputation for enjoying the Houston-area strip clubs. ", Pai, 59, continues to live in Houston with the ex-stripper -- now his wife -- and is considering launching a small energy business, according to his lawyer. She is a believer in Christianity religion. [3] So the group bought a Bridget Riley and a Bill Viola projection piece, the Oldenburg and an important Mark Puryear titled "Bowers" that went for nearly $700,000 at auction. and M.S. 135 Followers, 188 After, 10 Posts - See photos and videos from Instagram Melanie Fewell (@melaniefewell9) After learning about the problem, Pai's wife, who is over 20 years old, Lanna, with whom she has two . A jury convicted him but charges were dropped after he died at the age of 64 in July 2006 while vacationing, justmonths before his sentencing was slated to take place. One theme of the prosecution has been the abymsal state of both Enron's international assets and its water business, Azurix. and M.S. 2023 Celebrity Net Worth / All Rights Reserved. Description above from the Wikipedia article Lou Pai, licensed under CC-BY-SA, full list of contributors on Wikipedia. His father was a math professor at the University of Maryland, Collage Park, where Lou would eventually earn both a B.S. He has insisted he did nothing wrong, and he has not been charged. Being a binge-watcher himself, finding Content to write about comes naturally to Divesh. Lou Pai {Full name Lou Lung Pai (Chinese: ; pinyin: Bi Lulng)} is a Chinese-American businessman and former Enron executive who was born in 1947, Nanjing, China. [, On July 30, 2008, Pai agreed to resolve the civil. It is a nice neighborhood, with houses that go for around a half-million dollars, but all on small lots, with alley parking in the back. 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. Lou worked for the federal government in the 1970s before joining Enron. On the other hand, can you imagine a bizarro-world reality where instead of taking money from you, a stripper actually ended up saving you a bunch of money? As legend has it, the strippers didn't believe such a mild mannered, almost meek, person was actually a powerful energy CEO. "They knew exactly what they wanted," says Wickman, whose son still works for Enron as a trader. Fastow said he asked Whalley. Extremely introverted. Mar 28, 2009 Update on Xobni, Lou Pai (updated!) One of the lucky few Enron executives to escape without criminal prosecution, Lou Pai has been referred to as the only guy whos ever been lucky to get divorced. Why was Lou Pai so lucky to get divorced? His frequent visits to strip clubs led to an affair with a stripper. Lou Pai liked to indulge his second wife (whom he met in a strip club) and her passion for fine horses. Her name has hardly been uttered during the trial. In Enron's glory years, Whalley's close friend and rival was David Delainey, who in 2003 pled guilty to insider trading and gave some of the government's most powerful testimony against Lay and Skilling. NowMark-Jusbasche, she invests in energy technology, water and agricultural projects with a focus on sustainable development, according to her LinkedIn profile. In the time since, Pai went on to become on of the largest landowners in Colorado, where he lived for a time with his new wife, the former stripper, Melanie Fewell [Pai]. So how did Lou prove his identity? mile ranch. Following a dinner in New York City, the Enron team flew on to Boston -- everyone, that is, except Greg Whalley, the company's soon-to-be president, who had announced he was returning to Houston. However, details regarding his actual height and other body measurements are currently not publicly available. Lou is alive and in good health. As part of the settlement, Pai was also barred from serving as an officer or director of a public company for five years. 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. Pai's frequent strip club visits during his time with Enron led to an affair with stripper Melanie Fewell (who was also married), and resulted in a pregnancy. Congratulations to Derekthe first , seemingly in the Country to suggest the obvious..The Truth will come out someday..it is in court docs that show Pai NEVER HAD TO SELL ANY ENRON STOCK which was 100% sold BEFORE HIS DIVORCE, so how could there be Divorce terms requiring his stock to be sold ?.!!!!! Most stock quote data provided by BATS. In his college years, Lou was considered a mathematical genius. It led to an affair with stripper Melanie Fewell (who was also married) and resulted in a pregnancy. But before shit hit the fan for both EES and Enron, Lou Pai was one of the most important and highest paid people at the company. Lou Pai's Wife & Children. under which this service is provided to you. Enron was definitely a two-tier society. Claiming that he needed the money to fund his divorce, Pai sold the entirety of his shares of Enron ownership. James Fallows. What Enron was, though, was a good corporate citizen, one that spread its money throughout the city. 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. (, NBA confirms L.A. Clippers sale to ex-Microsoft CEO Steve Ballmer, FBI and SEC probe into Carl Icahn and golfer Phil Mickelson, Skilling sentence likely to be a long one, JPMorgan dramatically slashes Tesla's stock price forecast, Greece is finally done with its epic bailout binge, Europe is preparing another crackdown on Big Tech, SoftBank and Toyota want driverless cars to change the world, Barnes & Noble stock soars 20% as it explores a sale, Why it's time for investors to go on the defense. 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. These days, though, Walker isn't sure where all of the art is, or how it's being handled. Actually, Lou Pai's penchant for strip clubs wasn't a reputation, it was a legend. Answered all inbound calls for the dealership. Pai went on to co-foundElement Markets, a Houston-based carbon-trading firm. 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