A former Army tank commander, he joined Enron in the early 1990s and soon became a trading-floor star, eventually running the whole trading operation. Mark declined to comment further when reached by phone. This is new territory for me.". The government has opted not to call him. A former college classmate ofLay, Kinder resigned as president of Enron in 1996 after it became clear he wouldnt become CEO. What Enron was, though, was a good corporate citizen, one that spread its money throughout the city. In fact, it is this relationship that prompted his 2000 divorce, whose settlement required the highly fortuitous unloading of most of his Enron stock before the price began to tumble. Pai ran Enrons retail energy unit, arriving at the company after stints at ConocoPhillips and DuPont. Pai was born in Nanjing, China and came to the United States at the age of two. He appears to be quite tall in stature if his photos, relative to his surroundings, are anything to go by. The South African Gas Development Company. Her name has hardly been uttered during the trial. Melanie Pai was born in 1963 in Houston, Texas, United America. View Melanie Fewell results in Texas (TX) including current phone number, address, relatives, background check report, and property record with Whitepages. All times are ET. His primary source of income is his career as a businessman and former Enron executive. Pai was the second-largest land owner in Colorado after he purchased the 77,500-acre (314:km2) Taylor Ranch for $23 million in 1999, though he sold the property in June 2004 for $60 million. Enron's all time highest price was $90.56 a share in August 2000. Marshals to the Bob Casey Federal Courthouse in Houston, Texas, in 2006. "If we're going to show a work," Walker says, "we usually get permission to exhibit it, and I don't know who to get permission from now. Pai was born in Nanjing, China and came to the United States at the age of two. He also bought a ranch in suburban Houston for his second wife, Melanie Fewell Pai, and . Mar 28, 2009. His prison sentence of 24 years was eventually reduced, and he left prison in 2019. He was close to Skilling, he ran the controversial Enron Energy Services division, and he netted a mind-blowing fortune from Enron stock. She has a sister name Debby Kluepfel. in economics from the University of Maryland, College Park, where Lous father, Shih-I Pai, was an aeronautics professor. In the year 1987, he joined Enron when it was just a regional energy supplier. Within a decade, both Enron and Lou Pai were rising stars. BTW.that $30 mil.was paid by Enrons Director / Officer liability policy..it cost Pai , nothing! It wasn't enough for former Enron president Jeffrey Skilling to hike in the Rockies, he wanted to scale glaciers in Patagonia. degree in economics. To satisfy the financial . These topics have nothing in common apart from a sort of odd orthographic. 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? Mar 28, 2009 Update on Xobni, Lou Pai (updated!) The pair is now raising thoroughbreds in Houston and is regarded as a member of the local neighbourhood. Pai came to the United States aged two years. The best of Latin America and the Hispanic world. Pai and Fewell together operated Canaan Ranch, located near metropolitan Houston, where they raised and trained dressage horses. Lips on the sheets. Photographer: F. CARTER SMITH/Bloomberg(BLOOMBERG NEWS/F. He probably thanks God every night for giving him that "peculiar fascination" with strippers! In 2008, Pai settled insider trading charges and agreed to pay regulators $31.5 million. Basic Organizational Forms: A SecondLook, Learning from the Past- Structural Changes overTime. 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? Here, young Ivy Leaguers believed they could reinvent not just the energy business but the American business model, the whole U.S. economy. Lou worked for the federal government in the 1970s before joining Enron. Melanie Fewell, Lou Pais wife and a former stripper, is well-known for having wed the former Enron executive Lou Pai. Skilling's house is decorated in a sleek, black-and-white theme, in homage to Enron's corporate colors. He now works in Houston for another ex-Enron hotshot, John Arnold, who started a hedge fund after Enron's collapse. "The houses really aren't elaborate for Houston," says one top interior designer in town. Oh, and just like Mr. Pai, Melanie also happened to be married with two kids. Photographer: F. Carter Smith/Bloomberg, Andrew Fastow is escorted by U.S. During Lou's time with Enron, his regular strip club visits began to an affair with stripper Melanie Fewell (who was also married) as well resulted in a pregnancy. She is the elder child of her parents. Pai worked for the federal government in the 1970s before joining Enron. For instance, both Fastow and former Enron treasurer Ben Glisan testified that at a meeting of Enron's top executives in early September 2001, the company was coming roughly $500 million short of an earnings target. and M.S. He walked away just below the peak of Enron's stock price with an estimated. So I guess technically he voluntary gave up the $30 million, but he did it to avoid further suits or prosecution. 15 Taissa Farmiga Movies and TV Shows That Prove She's As Good As Her Sister Vera Farmiga, Netflix's We Have a Ghost (2023) Ending Explained. . 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 . Home; About Us. Follow peoplewithfame. At this point, Lou Pai must have felt like he woke up in a nightmare. Pai obtained both his B.S. He died of a heart attack on July 5, 2006, before his sentencing. Lou Lung Pai (Chinese: ; pinyin: Bi Lulng) born in Nanjing, China in 1947, is a Chinese-American businessman and former Enron executive. Because strippers are absolute Zen masters when it comes to extracting money from men. Scandals & Rumors. Melanie Fewell, Lou Pai's wife and a former stripper, is well-known for having wed the former Enron executive Lou Pai. Lou Pai's Wife Forced Him to Sell His $270M Enron Stake 6 Months Before Ponzi Scheme Went BankruptVideo Host: Michael SikandFollow Michael TikTok - http. Prosecutors never viewed Mark, whom Skilling finally pushed out in August of 2000, as a target. Pai obtained both his B.S. Lou Pai was a former executive at Enron, a trading firm for energy that rose quickly and fell much faster. No one expects them to attend anymore. Pai was a founder and is a former chairman of Element Markets, a renewable-energy consulting firm. Here are some interesting facts and body measurements you should know about Lou Pai. Melanieis a happily married woman. "If I met with investors, if I came to Boston, I'd have to lie too much," Whalley responded, according to Fastow. EES spent a small fortune on advertisements around the country attempting to sell people on the idea of buying all their energy directly in one place. Her father's name is Dr. Robert Miller and her mother's name is Dianne Miller. Lovely Mimi New Boyfriend Bio, Wiki, Age, Arrest, Husband, Divorce, Kids Net Worth. Meanwhile, Lou married his stripper girlfriend, now known as Melanie Miller Pai. Fastow said he asked Whalley. After the divorce, Pai and Fewell married. The total value Lou Pai was left with after every share was sold? Pai's Colorado ranchland included the 14,047-foot mountain Culebra Peak. He could charge several hundred dollars worth of lunches for himself and accompanying staff to the corporate expense account and use the Enron corporate jet for personal commuting until Chairman Ken Lay later prohibited it. After their child was born they moved to Colorado and there Lou turned the second largest landholder after buying a 120 sq. Sherron Watkins, Enrons former Vice President of Corporate Development. He also exercised several hundred thousand Enron options. Answered all inbound calls for the dealership. In order to pay the costly financial terms of his divorce settlement, Lou Pai was forced to cash out 100% of his Enron stock. "We thought we could change the world, we really did," said one high-ranking young executive. And a horse so famous it was invited to perform at Linda McCartney's funeral. See the complete profile on LinkedIn and discover Melanie's . The Lays -- who have long been involved in some of Houston's biggest charities -- haven't been seen out much lately. If only all of Enron's former executives could recycle their reputations. He was one of the major figures in Enrons success and was known as the invisible CEO.. As you might imagine, coming home every night smelling like gasoline probably isn't a sustainable lifestyle. Enron executives -- particularly Fastow -- envisioned this collection as one that would be mentioned in the same breath as those held by companies like Chase Manhattan and Paine Webber. Lou is 74 years old as of 2021, he was born in1947, in Nanjing, China. Lou Lung Pai ( Chinese: ; pinyin: Bi Lulng) (born 23 June 1947) is a Chinese-American businessman and former Enron executive. "Exhilarating," "freewheeling," "innovative," in the words of one 30-year-old who leaped three titles in three years. Davis, a Democrat, blamed Enron for gaming Californias power market and contributing to the blackouts that roiled the state. He allegedly would bring the strippers up to lavish Enron offices where they would continue the party late into the night. Where, for example, is Lou Pai, the enigmatic Jeff Skilling confidant with a passion for strip clubs who netted $200 million from Enron stock -- more even than Ken Lay? 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. His sister is Sue Pai Yang, the first Asian American appointed to be a New Jersey Workers' Compensation judge. 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. It was quite a ride they took, Enron's top brass. "The worst people could say of him was that he didn't manage EES well, and I'm not sure that's true. After serving as the FBIs general counsel under director Robert Muellerand then chief of the Justice Departments Criminal division, he became a lead prosecutor forSpecial Counsel Muellers investigation of Russian interference in the 2016 election. Further, after the divorce settlement, Lou and Melanie were married. That Pai, who was married and had two children, met Melanie Fewell,. [, A mathematics wiz, he was instrumental in getting Enron into the trading business. There have been no reports of him being sick or having any health-related issues. Think strip clubs and Ferraris. Lou has a net worth of $270 million as of 2021. Women have paved the path for upcoming generations by shattering barriers and dispelling misconceptions and showing the world that they are capable of doing more than just being wives or mothers. But he also didn't testify, after threatening to plead the Fifth. 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. He is now back in the energy world, according to areportthat quotes unnamed people. So he then married Melanie and she quit her . He left Enron with over $250 million. 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. Another time, it was off-road racing in Land Cruisers in the Australian outback. Create an account to follow your favorite communities and start taking part in conversations. [3] CARTER SMITH). The Country should be outraged at what he and Lana Lee (Pai) have pulled off. Upon learning of the affair, Pai's then-wife of over 20 years Lanna, with whom he has two children, filed for divorce. Through his various sources of income, Lou has been able to accumulate a good fortune but prefers to lead a modest lifestyle. Although Melanie Fewell's actions after marrying Pai are not well known, it is said that she resigned from her position as an exotic dancer. Known as Mark the Shark for her negotiating skills, Mark was one of the most senior female executive in the energy industry in the 1990s, rising to chief executive of Enron International and serving as a member of the companys board. Although Melanie Fewells actions after marrying Pai are not well known, it is said that she resigned from her position as an exotic dancer. . And it wasn't enough to have one gleaming tower in downtown Houston. 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. Lou Pai: The Only Guy Whos Ever Been Lucky to Get Divorced, the only guy whos ever been lucky to get divorced.. And eventually, going to strip clubs turned into a full on affair with a stripper named Melanie Fewell. Some experts consider it a pop masterpiece. James Fallows. But he almost certainly won't. These days, though, Wickman's son goes to work worried about how long his job will last. It looks like you aren't allowed to do that. According to the wiki, she married Lou Lung Pai in 2001 and is still going strong. The deal went like this: Merrill Lynch agreed to buy three Nigerian power barges from Enron near the end of a quarter, after receiving a verbal guarantee that the barges would be repurchased six months later at a guaranteed profit. Sign up to receive our content. "I'll cover it off with the reserves." Mar 28, 2009. To meet his divorce settlement, he cashed out of Enron to an amount believed to be around $300 million just before the collapse. (Creative Commons and flickr.com/people/eflon//Eflon). The employees and retirees lost a great deal of their pension and benefits. 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]. 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. His neighbors reportedly referred to the ranch as "Mount Pai". 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. After the divorce from his first wife was finalized Lou Pai did end up marrying the exotic dancer he impregnated, Melanie Fewell. His then-wife of over 20 years, Lanna, with whom he has two biological children, filed for divorce upon learning of the affair. Skilling was hired to lead that effortand eventually became CEO of Enron, briefly, before quitting in July 2001 just months after taking the role. From March 1997 until May 2001 Pai was CEO of the EES (Enron Energy Services) subsidiary. The name Enron is still invokedin shorthandlike Theranos,Madoff or Lehmana full two decades after its public ruin. All rights reserved. Lou would reportedly visit a particular Houston strip club (located not far from Enron's world headquarters) every night after work. Was Karma catching up? (Creative Commons and flickr.com/people/eflon//Eflon), Mark Chediak, Greg Farrell and Naureen Malik, Kenneth Lay outside the Bob Casey Federal Courthouse in Houston, Texas, in 2006. She was never accused of any involvement in the fraud that emerged in late 2001. After the divorce from Lanna, Lou, and Melanie Fewell married. If ever there were a juicy government target, Lou Lung Pai would seem to be it. The one he's keeping? 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. 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. Prominent members of the Houston art world, including Ned Rifkin -- then the head of the Menil Collection, now the director of the Hirshhorn Museum -- and Barry Walker, a curator at the Museum of Fine Arts, were recruited to be a part of the collection committee, which was headed by Lea Fastow. $280 million. Mar 28, 2009 Update on Xobni, Lou Pai (updated!) As a member of the Enron Task Force, Weissmann led the prosecution of accounting firm Arthur Andersenand then became director of the unit. And more importantly, how much did his wife get? "Unfortunately, yes," responded Delainey. 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. Meanwhile, McMahon has gone about his life, landing in 2004 as president of a Houston company called Zilkha Biomass Energy, a renewable-energy outfit. 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. Lou Pai is a Chinese-American businessman and mathematical genius who has a net worth of $200 million. Or someone else is a more compelling witness. 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. Baxter adored boats. Pai worked for the federal government in the 1970s before joining Enron. After finding this out, Lou's then-wife of over 20 years of marriage, filed for divorce. It was an out of court settlement. At the Museum of Fine Arts, a $575,000 soft sculpture by Claes Oldenburg -- a part of Enron's corporate art collection -- is stored in a crate. 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