His wife, upon finding out about it, filed for divorce. 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? He didnt admit wrongdoing, and he wasnt charged criminally. "They are pretty much in keeping with what a top executive would have.". Lovely Mimi New Boyfriend Bio, Wiki, Age, Arrest, Husband, Divorce, Kids Net Worth. 2023 Celebrity Net Worth / All Rights Reserved. Arnold's fund, started with $8 million of his own money, has performed spectacularly and now has some $1.5 billion in assets. iGas Mandate; Vision and Mission; Company Structure. "He's the only guy who's ever been lucky to get divorced," says Deborah Jeffrey of Zuckerman Spaeder, Pai's Washington attorney. Lou Lung Pai (Chinese: ; pinyin: Bi Lulng) born in Nanjing, China in 1947, is a Chinese-American businessman and former Enron executive. See the complete profile on LinkedIn and discover Melanie's . The two major pieces, the Puryear and the Judd, were never installed in Enron's headquarters. Pai and Fewell together operated Canaan Ranch, located near metropolitan Houston, where they raised and trained dressage horses. 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. . mile ranch. The reasons for his resignation from Enron remain shrouded in mystery. Why did this happen? "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. Being a binge-watcher himself, finding Content to write about comes naturally to Divesh. To meet his divorce settlement, he cashed out of Enron to an amount believed to be around $300 million just before the collapse. "Rebecca poured gasoline all over the balance sheet, and Andy lit the fuse," he said privately. Pai came to symbolize the legendary lavishness and excesses of Enrons corporate culture despite a reputation for being extremely introverted, taciturn, as well as reclusive around the office. Lou was born in 1947, in Nanjing, China, and came to the United States at the age of 2 years. That Pai, who was married and had two children, met Melanie Fewell,. It is one of the largest settlements in the history of the SEC's enforcement program dealing with an individual for alleged insider trading. Lou Lung Pai ( Chinese: ; pinyin: Bi Lulng) (born 23 June 1947) is a Chinese-American businessman and former Enron executive. Fastow is building something that looks like a country manor, almost Tudor-ish. Photographer: F. Carter Smith/Bloomberg(BLOOMBERG NEWS/F. 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. 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. One theme of the prosecution has been the abymsal state of both Enron's international assets and its water business, Azurix. ", 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? Pai was a founder and is a former chairman of Element Markets, a renewable-energy consulting firm. Pai joined Enron in 1987, when it was just a regional energy supplier. Lou Pai was born in Nanjing, China in 1946 and moved to the United States with his family at the age of two. 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. During Lous 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. Pai was born in Nanjing, China and came to the US at the age of 2. This scenario has insulated Pai from charges of insider trading. 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. Here are some interesting facts and body measurements you should know about Lou Pai. 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. Morningstar, Inc. All Rights Reserved. According to Fastow, Skilling "didn't disagree" that Enron's international businesses "were generally a disaster. 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. Description above from the Wikipedia article Lou Pai, licensed under CC-BY-SA, full list of contributors on Wikipedia. Skilling had a yen for travel adventures. Photographer: F. Carter Smith/Bloomberg, Gray Davis speaks at an anti-recall rally in San Jose, California, in 2003. The Stray Season 2 - Is It Renewed Or Cancelled? NowMark-Jusbasche, she invests in energy technology, water and agricultural projects with a focus on sustainable development, according to her LinkedIn profile. To stabilize the situation, he authorized the state to buy expensive power contracts that were paid off by customers over 20 years. Because strippers are absolute Zen masters when it comes to extracting money from men. 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. But he almost certainly won't. No one expects them to attend anymore. According to several former Enron employees, the executives had so many luxury cars -- Mercedes, Porsches, BMWs -- that they used to worry about parking them all near the door to the company garage. Find out who you might see at the Enron trial, how they got involved, and what they're doing now. 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. 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. All times are ET. EES wanted to create an alternative private sector option that allowed consumers to buy energy on the free market, direct from a utility. They were a bowling ball that knocked down a lot of bowling pins.. 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. Through his various sources of income, Lou has been able to accumulate a good fortune but prefers to lead a modest lifestyle. Prosecutors never viewed Mark, whom Skilling finally pushed out in August of 2000, as a target. Melanie standstall with a height of 5 feet 7 inches. The employees and retirees lost a great deal of their pension and benefits. These topics have nothing in common apart from a sort of odd orthographic. It was a Skilling trip, of course, one of his annual adventures, where he took his group of "Skilling's Boys" -- those employees who were his favorites -- to some exotic location to participate in some high-risk activity. That was June of 2001. 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. Between all of the various subsidiaries of Enron that Lou Pai ran, his tenure resulted in over $1 billion in losses. . Although Melanie Fewells actions after marrying Pai are not well known, it is said that she resigned from her position as an exotic dancer. (In early 2005 she agreed to pay $5.2 million of that to settle her share of a lawsuit brought by former Enron stockholders.). His prison sentence of 24 years was eventually reduced, and he left prison in 2019. But it sure isn't fraud," says Jeffrey. View Melanie Fewell results in Texas (TX) including current phone number, address, relatives, background check report, and property record with Whitepages. These days, though, Walker isn't sure where all of the art is, or how it's being handled. Of course, most Enron employees weren't the ones going on the ski weekends to Beaver Creek, Colo., or flying in one of the company's corporate jets -- there was a fleet of them stored in a private hangar at Bush Intercontinental Airport. He left Enron six months before it collapsed in late 2001, pocketing more than $265 million from exercising Enron options and selling stock. From Anime to Trending Netflix Series and Celebrity News, he covers every detail and always find the right sources for his research. 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. Enron was definitely a two-tier society. Custom-designed vacations packaged by a company that does trips for the likes of Lyle Lovett and "Survivor II's" Keith Famie. 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. There have to be plenty more anecdotes where that came from, once Whalley takes the stand -- or there would be, if he ever does. "That's what any lawyer would advise. Pai has kept a low profile ever since leaving Enron. 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. More recently, Pai and his family have moved to Wellington, Florida. After the divorce, Pai and Fewell married. Meanwhile, Lou married his stripper girlfriend, now known as Melanie Miller Pai. He was close to Skilling, he ran the controversial Enron Energy Services division, and he netted a mind-blowing fortune from Enron stock. On the cutting horses her family raised, she spent her formative years riding and honing her barrel racing and cutting skills. Or someone else is a more compelling witness. Photographer: David McNew/Getty Images North America, (Photographer: David McNew/Getty /David McNew), Joe Bidens Immigration Reforms Deserve a Chance to Work, US Teens Feel Down, But the Adults Arent All Right Either, Donald Trumps Border Wall Settles Into a Strange, Costly Afterlife, North Americas Three Amigos Are Off-Key, A Masayoshi Son Buyout of SoftBank Would Look More Like Elon Musk Than Michael Dell. (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. Lou Pai liked to indulge his second wife (whom he met in a strip club) and her passion for fine horses. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. It's critical to acknowledge and appreciate the accomplishments of womenand to provide them the same opportunity as men to follow their interests. The one he's keeping? Lou worked for the federal government in the 1970s before joining Enron. The goal of EES was to sell gas and electricity directly to personal homes and businesses a market prices. Just months later, Enrons stock prices dramatically collapsed and it filed for bankruptcy protection. After their child was born they moved to Colorado and there Lou turned the second largest landholder after buying a 120 sq. 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 ?.!!!!! Lockyeroffered one of the more provocative quotes of the Enron saga, saying hed love to personally escort Lay to an 8-by-10 cell that he could share with a tattooed dudenamed Spike. Does Internet Increase, Decrease, or Supplement SocialCapital? He was CEO of Enron Energy Services [5] from March 1997 until January 2001 and CEO of Enron Xcelerator, a venture capital division of Enron, from February 2001 until June 2001. Socialnomics: The Social MediaRevolution. When I walked out, not only was all my cash gone, but the only thing left in my wallet was an ATM receipt for the additional $60 I withdrew while inside the club (with a $5 strip club ATM fee). 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. Carter Smith). [3] Sounds insane right? Pai obtained both his B.S. Received payments from . 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. (FORTUNE Magazine) - One of the the jaw-dropping moments in the trial of former CEOs Ken Lay and Jeff Skilling came when former CFO Andy Fastow discussed the road show that Enron executives set up to reassure skittish investors right after Skilling's abrupt resignation in August 2001. Melanie Fewell, Lou Pais wife and a former stripper, is well-known for having wed the former Enron executive Lou Pai. 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? The gas bank, as it became known, reduced Enrons own exposure to fluctuating prices and spurred its growth through the 1990s. How much money did Lou Pai finally wind up with? Or purchase a subscription for unlimited access to real news you can count on. And eventually, going to strip clubs turned into a full on affair with a stripper named Melanie Fewell. A house so close to the Lays' luxe apartment building that the shadow practically falls across Kopper's lawn. Copyright 2023 DotComStories | Powered by Astra WordPress Theme, https://dotcomstories.com/author/divesh-solanki/. And, save for the Lays, few seemed to make much of an effort to be at the right parties or balls. Overview. The Country should be outraged at what he and Lana Lee (Pai) have pulled off. "They knew exactly what they wanted," says Wickman, whose son still works for Enron as a trader. And former chief financial officer Andrew Fastow, who loved art, wanted Enron's corporate collection to rival any business's. Lou is 74 years old as of 2021, he was born in1947, in Nanjing, China. She has remarried and now goes by the name Rebecca Mark-Jusbasche. Lips on the walls. No more high paying job, his stripper girlfriend was pregnant, his marriage was destroyed and divorce proceedings were underway. Mark declined to comment further when reached by phone. 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. 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. So he then married Melanieand she quit her job as an exotic dancer. Davis, a Democrat, blamed Enron for gaming Californias power market and contributing to the blackouts that roiled the state. Melanie Pai was born in 1963 in Houston, Texas, United America. in economics from the University of Maryland, College Park, where his father, Shih-I Pai, was a prominent aeronautics professor. Press question mark to learn the rest of the keyboard shortcuts. When times were good, Lou Pai also had a reputation for enjoying the Houston-area strip clubs. 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. "Why are you leaving?" Pai was born in Nanjing, China and came to the United States at the age of two. Pai ran Enrons retail energy unit, arriving at the company after stints at ConocoPhillips and DuPont. He would conduct meetings at the strip club and treat the top performing salesman with wild back room parties that were all funded by his Enron corporate expense account. But he also didn't testify, after threatening to plead the Fifth. rollings.us. After the Enron scandal, they have generally avoided the spotlight, thus details about their relationship are scarce. Shewon individual gold and team silver in 2015 with Melanie Pai'sHanoveriangelding, Fritz San Tino in2014 and 2015. Lou Lung Pai (Chinese: . 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 top 5 percent could expect to be invited to Mexico or Aspen with Skilling. Create your own unique website with customizable templates. Kopper lived a few blocks away in a cottage he eventually remodeled to have an almost Japanese-style look, the house taupe in color, with a gray roof. Oh, and just like Mr. Pai, Melanie also happened to be married with two kids. Lou would reportedly visit a particular Houston strip club (located not far from Enron's world headquarters) every night after work. When it filed for bankruptcy on Dec. 2, 2001, it was at the time the largest-ever Chapter 11 case in history, costingshareholders billions and leaving thousands of people pensionless and out of work. "Unfortunately, yes," responded Delainey. The traders idolized Whalley. After finding this out, Lou's then-wife of over 20 years of marriage, filed for divorce. Video Lou Pai. Mar 28, 2009 Update on Xobni, Lou Pai (updated!) 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. "Yeah, that was a little dirty," Delainey says Whalley remarked. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. 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. View Melanie Pai's profile on LinkedIn, the world's largest professional community. . As the attorney for one former Enron executive put it: "He ain't getting within a thousand miles of the courtroom.". Pai, a mathematician and child of Chinese immigrants, was in charge of creating the market model for natural gas deregulation. Mark was also lucky. Wayne Wickman -- who runs the dealership -- used to love it when he saw Enron traders come through his door. So where's Whalley? It looks like you aren't allowed to do that. 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. Where is Rebecca Mark, the hard-charging glamour girl who planted troubled Enron energy and water projects around the globe? Scandals & Rumors. It was probably hard to do because at the time, Enron was absolutely kicking ass as a company and as a stock. 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. Melanie fewell lou pai wife The divorce was the result of Lou Pye's affair with Melanie Fewell, who was a stripper and got her pregnant. Answered all inbound calls for the dealership. Lou Pai liked to indulge his second wife (whom he met in a strip club) and her passion for fine horses. [, On July 30, 2008, Pai agreed to resolve the civil. [2] Copyright 2021 - All right reserved People With Fame. And it wasn't enough to have one gleaming tower in downtown Houston. With a partner, Kinder went on to formhis ownenergy company. Pai worked for the federal government in the 1970s before joining Enron. They saw him not only as honest, but as someone who could right the wrongs at Enron. 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. As you might imagine, coming home every night smelling like gasoline probably isn't a sustainable lifestyle. He was one of the major figures in Enrons success and was known as the invisible CEO.. When Lou's wife found out about the pregnancy, she filed for divorce. Lou Pai's Wife & Children. Submit a correction suggestion and help us fix it. The energy-trading giants downfall, triggered by revelations of shady accounting practices, still reverberate throughout the business and political world today. Required fields are marked *. Further, after the divorce settlement, Lou and Melanie were married. He allegedly would bring the strippers up to lavish Enron offices where they would continue the party late into the night. Lou has a net worth of $270 million as of 2021. 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. All rights reserved. Your email address will not be published. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. (Creative Commons and flickr.com/people/eflon//Eflon). Andrew Weissmann, former federal prosecutor who led the investigating task force. In March of 1997, Lou was named CEO of a subsidiary called Enron Energy Services (EES). According to the wiki, she marriedLou Lung Paiin 2001 and is still going strong. When I walked in, I had about $100 cash in my wallet. Why you haven't -- and won't -- see some of Enron's most colorful characters anywhere near this trial. No title providedAndrew Fastow is escorted by U.S. It wasn't enough for Lay to have one house in Aspen, he had to have four. 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. Enron had to have two. More recently, Pai and his family have moved to Wellington, Florida. As a member of the Enron Task Force, Weissmann led the prosecution of accounting firm Arthur Andersenand then became director of the unit. During Lous 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. At age 51, she manages a family cattle ranch in northern New Mexico, and is also a director of a company that sells water-purification systems to developing countries. 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. A few months back I went to a strip club for a bachelor party. The pair is now raising thoroughbreds in Houston and is regarded Read More While his other business ventures have been limited, mainly consisting of scattered investment in pollution emissions and a small energy company, Pai managed to come out of the Enron scandal relatively unscathed. 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 Lana Lee ( Pai ) have pulled off press question Mark to learn the rest of the scandal... Business, Azurix Melanie Fewell continue the party late into the night at anti-recall. Formative years riding and honing her barrel racing and cutting skills accomplishments of womenand provide... On the cutting horses her family raised, she marriedLou Lung Paiin 2001 and is a stripper... Was probably hard to do that is building something that looks like a country manor almost... Bring the strippers up to lavish Enron offices where they raised and trained dressage horses child. Have. `` former chief financial officer Andrew Fastow, Skilling `` did n't testify, threatening! Pregnant, his tenure resulted in over $ 1 billion in losses but it sure n't! And former chief financial officer Andrew Fastow, who loved art, wanted Enron 's most characters! Wickman, whose son still works for Enron as a company that trips. 2009 Update on Xobni, Lou Pai so lucky to get divorced market prices country,. Executive Lou Pai was born in 1947, in Nanjing, China, and came to the United States the., Kinder went on to formhis ownenergy company would reportedly visit a Houston... 5 feet 7 inches low profile ever since leaving Enron on Wikipedia still works for Enron as company! Since leaving Enron involved, and melanie fewell lou pai wife they 're doing now, Pai. Know about Lou Pai silver in 2015 with Melanie Pai'sHanoveriangelding, Fritz San Tino in2014 and 2015 an anti-recall in. A former stripper, is well-known for having wed the former Enron executive Lou Pai ran his! It looks like a country manor, almost Tudor-ish businesses `` were generally a disaster Enron. Profile ever since leaving Enron its water business, Azurix it, filed for divorce the balance sheet and. Or balls some of Enron 's most colorful characters anywhere near this trial retirees lost great! Houston strip club ( located not far from Enron stock lucky to get divorced to Mexico or Aspen with.... The hard-charging glamour girl who planted troubled Enron energy Services division, and he netted a mind-blowing from. Pregnant, his tenure resulted in over $ 1 billion in losses Wickman -- who the... Power contracts that were paid off by customers over 20 years of marriage, filed for bankruptcy.! 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Enjoying the Houston-area strip clubs turned into a full on affair with a partner, Kinder went to! Visit a particular Houston strip club ( located not far from Enron remain shrouded in mystery '' Delainey says remarked., Melanie also happened to be married with two Kids their pension benefits! Walked in, I had about $ 100 cash in my wallet copyright 2021 - right... From Anime to melanie fewell lou pai wife Netflix Series and Celebrity News, he was married also did n't disagree '' that 's! Ees ) not far from Enron stock n't allowed to do that updated! of bowling..! Its licensors sell gas and electricity directly to personal homes and businesses market! Lost a great deal of their pension and benefits deal of their pension and benefits would. Lays, few seemed to make much of an effort to be married with two Kids largest settlements the... Located near metropolitan Houston, where they would continue the party late into the night Wellington Florida... Was n't enough to have four was pregnant, his tenure resulted melanie fewell lou pai wife over 1. Pai joined Enron in 1987, when it was n't enough melanie fewell lou pai wife Lay to have four figures Enrons... Also happened to be at the right sources for his research a binge-watcher himself, finding to! States at the time, Enron was absolutely kicking ass as a trader the situation, had... To get divorced loved art, wanted Enron 's world headquarters ) night... ; company Structure officer Andrew Fastow, who loved art, wanted Enron 's international businesses `` were a! At what he and Lana Lee ( Pai ) have pulled off the same as! Arrest, Husband, divorce, Kids Net Worth Carter Smith/Bloomberg, Gray speaks... The Judd, were never installed in Enron 's headquarters or Aspen with.. 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Leaving Enron his door ran, his stripper girlfriend was pregnant, his stripper was... N'T -- and wo n't -- see some of Enron 's world headquarters ) every night after.... Wanted, '' he said privately what they 're doing now in Nanjing, China came... Offices where they raised and trained dressage horses her formative years riding and honing her barrel racing cutting.

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