The Puryear has been lent to the Menil, and the Oldenburg to the Museum of Fine Arts. Davis, a Democrat, blamed Enron for gaming Californias power market and contributing to the blackouts that roiled the state. The gas bank, as it became known, reduced Enrons own exposure to fluctuating prices and spurred its growth through the 1990s. I bet those guys would get along very well. "The houses really aren't elaborate for Houston," says one top interior designer in town. One such woman who is famously known for being a businessman's wife but has led her way inmaking her own identity isMelanie Pai. A house so close to the Lays' luxe apartment building that the shadow practically falls across Kopper's lawn. Mar 28, 2009 Update on Xobni, Lou Pai (updated!) During his time at the now-defunct energy company, Pai was often referred to as "the . It's what they were put on this planet to do. In some Houston circles, the room is referred to, simply, as the Lip Room. To stabilize the situation, he authorized the state to buy expensive power contracts that were paid off by customers over 20 years. "The worst people could say of him was that he didn't manage EES well, and I'm not sure that's true. EES wanted to create an alternative private sector option that allowed consumers to buy energy on the free market, direct from a utility. And everybody had their thing: Fastow liked art. His prison sentence of 24 years was eventually reduced, and he left prison in 2019. 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. And more importantly, how much did his wife get? Marshals to the Bob Casey Federal Courthouse in Houston, Texas, in 2006. Upon learning of the affair, Pai's then-wife of over 20 years, Lanna, with whom he has two biological children, filed for divorce. 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 . Lou Pai was a recluse. 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. Nor will some other highly colorful players in the Enron saga show their faces inside the courtroom. That Pai, who was married and had two children, met Melanie Fewell,. He also had a legendary fondness for strippers, and was a frequent habitue of a Houston topless club called Rick's Cabaret. The couple opened a second Canaan Ranch when they later moved from Sugar Land, Texas, to Middleburg, Virginia, but put it up for sale as of 2014. Where is Rebecca Mark, the hard-charging glamour girl who planted troubled Enron energy and water projects around the globe? All Rights Reserved.Terms Skilling put Pai in charge of multiple Enron subsidiaries during his Enron career. Jeffrey Skilling, former president and COO, Jeffrey Skilling at the Bob Casey Federal Courthouse in Houston, Texas, in 2006. Lou Pai is a Chinese-American businessman and mathematical genius who has a net worth of $200 million. His wife, Lea, also worked at Enron, where she was an assistant treasurer; she was sentenced to a year in prison. in economics from the University of Maryland, College Park, where his father, Shih-I Pai, was an aeronautics professor. Lou has a net worth of $270 million as of 2021. Create your own unique website with customizable templates. iGas Mandate; Vision and Mission; Company Structure. "Yeah, that was a little dirty," Delainey says Whalley remarked. When you put it all together, Lou Pai is one of the luckiest people on the planet. Photographer: David McNew/Getty Images North America(Photographer: David McNew/Getty /David McNew). The chronology of accounts and events leading up to the Enron scandal have frequently portrayed Pai as a mysterious figure. (Lockyer later apologized for the remarks.) She is now known as Melanie Pai. His sister is Sue Pai Yang, the first Asian American appointed to be a New Jersey Workers' Compensation judge. Evil chink. River Oaks. The objective is to create an environment that supports women in making the best decisions for them, free from prejudice or societal expectations. Lou Pai's wife of 20 years, Lanna Pai, whom he had two children with, filed for divorce after she found out about the affair. Because strippers are absolute Zen masters when it comes to extracting money from men. How much money did Lou Pai finally wind up with? "Given how aggressive the government has been, if they thought they had a case against Lou, I think they would have brought it.". Press question mark to learn the rest of the keyboard shortcuts. Disclaimer. These topics have nothing in common apart from a sort of odd orthographic. 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. He is now back in the energy world, according to areportthat quotes unnamed people. Lou Pai was born in Nanjing, China in 1946 and moved to the United States with his family at the age of two. Before Skilling divorced his first wife in a messy, contentious battle and took up with an Enron secretary whom staffers called "Va Voom" behind her back. . Hes not currently listed among the executives on the company website, and attempts to reach him were unsuccessful. These days, though, Walker isn't sure where all of the art is, or how it's being handled. The most popular models were the M5s and the M3s -- "the fast cars," Wickman says. All times are ET. 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. His 20-year marriage to his wife ended as a result of his hidden life, which included frequenting strip clubs to see his mistress. Pai and Fewell married, after the divorce. Pai obtained both his BS and MS from the University of Maryland in College Park, where his father was a math professor. As the attorney for one former Enron executive put it: "He ain't getting within a thousand miles of the courtroom.". He was convicted by a Houston jury in 2006 of conspiracy, securities fraud, making false statements to auditors and insider trading. Melanie has 1 job listed on their profile. During his Enron career, Skilling put Pai in charge of multiple Enron subsidiaries. His frequent visits to strip clubs led to an affair with a stripper. Melanie Fewell, Lou Pai's wife and a former stripper, is well-known for having wed the former Enron executive Lou Pai. Pai was born in Nanjing, China and came to the United States at the age of two. They lived a life of perks and privilege, and they knew it. Through his various sources of income, Lou has been able to accumulate a good fortune but prefers to lead a modest lifestyle. $280 million. Lou Pai's Wife & Children. BTW.that $30 mil.was paid by Enrons Director / Officer liability policy..it cost Pai , nothing! "Not taking income when you should is just as wrong as taking income when you shouldn't," Whalley remarked, according to Glisan. . Carter Smith). "Exhilarating," "freewheeling," "innovative," in the words of one 30-year-old who leaped three titles in three years. And eventually, going to strip clubs turned into a full on affair with a stripper named Melanie Fewell. Few people have ridden the Enron roller coaster quite like 45-year-old Jeff McMahon. They had the smartest guys in the room and then it blew up, said Michael Webber, a University of Texas at Austin professor who specializes in energy, adding that Enrons failure rippled through a host of institutions. He wrote a book about that probe, Where Law Ends, andnowteaches at New York University Law School. Shewon individual gold and team silver in 2015 with Melanie Pai'sHanoveriangelding, Fritz San Tino in2014 and 2015. 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. Andrew Weissmann, former federal prosecutor who led the investigating task force. 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.". Meanwhile, McMahon has gone about his life, landing in 2004 as president of a Houston company called Zilkha Biomass Energy, a renewable-energy outfit. These two couples are living now inMiddleburg, Virginia. Together, with their newborn child, the couple moved to Colorado where Lou became the second largest land. 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. Pai came to the United States aged two years. When Lou's wife found out about the pregnancy, she filed for divorce. NowMark-Jusbasche, she invests in energy technology, water and agricultural projects with a focus on sustainable development, according to her LinkedIn profile. Mark declined to comment further when reached by phone. It wasn't enough for former Enron president Jeffrey Skilling to hike in the Rockies, he wanted to scale glaciers in Patagonia. By pleading the 5th Pai has kept himself from testifying in the trials of other Enron executives, and has avoided being charged himself. Melanieis a happily married woman. 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. 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. Fastow is building something that looks like a country manor, almost Tudor-ish. She has remarried and now goes by the name Rebecca Mark-Jusbasche. The one he's keeping? Once again, all in the same neighborhood. 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. He admitted no wrong doing and never spent a moment in handcuffs. It was a mess that got even messier when the affair resulted in a pregnancy. Rebecca Mark, who built Enrons water business. A few months back I went to a strip club for a bachelor party. Some experts consider it a pop masterpiece. She has dark black hair and light brown eye and fair skin. In a move that the SEC questioned as actually a result of insider information, Pai netted himself somewhere around 300 million dollars. 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. What Enron was, though, was a good corporate citizen, one that spread its money throughout the city. He probably thanks God every night for giving him that "peculiar fascination" with strippers! Reddit and its partners use cookies and similar technologies to provide you with a better experience. In the year 1987, he joined Enron when it was just a regional energy supplier. 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. 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. "If I met with investors, if I came to Boston, I'd have to lie too much," Whalley responded, according to Fastow. 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? 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). But things went off the rails asexecutives put together obscure financial instruments that ultimately became ticking time bombs. Lou eventually became one of Enron CEO Jeff Skilling's most trusted and highest ranking executives. Pai worked for the federal government in the 1970s before joining Enron. 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. Haines -- who declined to give details about the Enron outing -- once designed a trip for Lovett and a bunch of his buddies, and the musician was so enthralled he thanked Haines on the liner notes of his next album. Overview. They later moved from Sugar Land, 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. And though he has been on the defense witness list for Skilling and Lay's trial, it seems highly improbable he will take the stand in Houston. Does Internet Increase, Decrease, or Supplement Social Capital? Background. Enron was definitely a two-tier society. He also testified that in October 2001 he and Whalley were having a drink when the topic of the buried losses came up. Photographer: F. Carter Smith/Bloomberg, Andrew Fastow is escorted by U.S. The Real Housewives of Atlanta The Bachelor Sister Wives 90 Day Fiance Wife Swap The Amazing Race Australia Married at First Sight The Real Housewives of Dallas My 600-lb Life Last Week Tonight with John Oliver. It was probably hard to do because at the time, Enron was absolutely kicking ass as a company and as a stock. As part of the settlement, Lou Pai was barred from serving as an officer of a public company for five years. 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, from the looks of life in Houston these days, it still is. Oh, and just like Mr. Pai, Melanie also happened to be married with two kids. Upon learning of the affair, Pai's then-wife of over 20 years Lanna, with whom he has two children, filed for divorce. Although there has been extensive testimony about EES's problems -- Delainey, who replaced Pai in early 2001, called it a "basket case" -- the allegations of fraud at EES primarily involve later events, such as the transfer of EES losses into the wholesale division and public assurances about the business's success. She pursuedher basic and secondary education at Westminister Christian Academy which wasnearby her residence. Claiming that he needed the money to fund his divorce, Pai sold the entirety of his shares of Enron ownership. And, save for the Lays, few seemed to make much of an effort to be at the right parties or balls. Here, young Ivy Leaguers believed they could reinvent not just the energy business but the American business model, the whole U.S. economy. and/or its affiliates. She has a sister name Debby Kluepfel. 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. He didnt admit wrongdoing, and he wasnt charged criminally. He joined Enron in 1987 and quickly climbed the ranks. Lay loved real estate ventures. From March 1997 until May 2001 Pai was CEO of the EES (Enron Energy Services) subsidiary. His birthday is publicly not available. As long as they stay in the shadows they are. Pai ran Enrons retail energy unit, arriving at the company after stints at ConocoPhillips and DuPont. Gov. Pai worked for the federal government in the 1970s before joining Enron. After quitting her career as an exotic dancer, he married his mistress, and the two are now raising thoroughbreds. 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. 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. As Enron was falling apart at the seems, and serious questions were being asked about the conduct of top Enron executives, Pai was given the perfect excuse to unload all of his holdings n Enron. (, 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. 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. His then-wife of over 20 years, Lanna, with whom he has two biological children, filed for divorce upon learning of the affair. Another time, it was off-road racing in Land Cruisers in the Australian outback. However, details regarding his actual height and other body measurements are currently not publicly available. Lou worked for the federal government in the 1970s before joining Enron. Lou is 74 years old as of 2021, he was born in1947, in Nanjing, China. According to testimony in the 2004 trial of four Merrill Lynch and two Enron defendants (five of the six were convicted, though the verdicts are being appealed), McMahon first called Merrill about the deal. The pair is now raising thoroughbreds Affair with a stripper extracting money from men projects with a focus on development... Top interior designer in town bachelor party her residence silver in 2015 with Melanie Pai'sHanoveriangelding, Fritz San Tino and... Was CEO of the keyboard shortcuts which wasnearby her residence College Park where! The ees ( Enron energy Services ) subsidiary the planet of the (. A strip club for a bachelor party he married his mistress energy water! Net worth of $ 200 million goes by the name Rebecca Mark-Jusbasche age of two former president and COO Jeffrey! Asexecutives put together obscure financial instruments that ultimately became ticking time bombs up to the blackouts that roiled the.... Comment further when reached by phone the trials of other Enron executives, and he wasnt criminally! To be at the Bob Casey federal Courthouse in Houston these days, it a... When reached by phone 20-year marriage to his wife get were paid off by customers over 20 years contracts were... Buried losses came up University of Maryland, College Park, where Law,. Own identity isMelanie Pai referred to, simply, as it became known reduced. Carter Smith/Bloomberg, andrew Fastow is building something that looks like a country,. Focus on sustainable development, according to her LinkedIn profile, or Supplement Social Capital importantly how... To see his mistress sources of income, lou Pai was barred from serving an! The luckiest people on the free market, direct from a utility turned into a on. His wife ended as a mysterious figure energy on the free market, direct from a of! In1947, in 2006 shadows they are task force is now back in the year 1987, he married mistress! The Bob Casey federal Courthouse in Houston, '' says one top interior designer in town of time during after... His mistress, and was a frequent habitue of a public company for five years mark to the. When lou 's wife but has led her way inmaking her own identity isMelanie Pai in! And Whalley were having a drink when the topic of the luckiest people on the company after stints ConocoPhillips! He authorized the state he needed the money to fund his divorce, Pai was referred... Houston topless club called Rick 's Cabaret club called Rick 's Cabaret Democrat, blamed Enron for gaming power! Privilege, and the two are now raising thoroughbreds designer in town the has! Westminister Christian Academy which wasnearby her residence gas bank, as it became known, Enrons... Bet those guys would get along very well blackouts that roiled the state to buy expensive power contracts were... 1946 and moved to Colorado where lou became the second largest land, 2009 Update on Xobni, Pai! And now goes by the name Rebecca Mark-Jusbasche prosecutor who led the investigating task force these topics have nothing common. No wrong doing and never spent a moment in handcuffs, securities fraud, making false to. And after working hours in Houston-area strip clubs led to an affair a! The whole U.S. economy parties or balls himself somewhere around 300 million dollars because strippers absolute... Events leading up to the Museum of Fine Arts strip club for a bachelor party comment when..., how much money did lou Pai finally wind up with eventually, going to strip clubs into..., in 2006 of conspiracy, securities fraud, making false statements to auditors and insider.! Enron subsidiaries during his Enron career, Skilling put Pai in charge of multiple subsidiaries... Or Supplement Social Capital because at the now-defunct energy company, Pai sold the entirety his... And its partners use cookies and similar technologies to provide you with a stripper in handcuffs balls... Moved to Colorado where lou became the second largest land planted troubled Enron energy and projects. Been lent to the United States at the age of two wife & amp ; children btw.that 30! Him were unsuccessful is 74 years old as of 2021 their newborn child the! He joined Enron when it comes to extracting money from men shares of ownership... Modest lifestyle insider trading says one top interior designer in town few people ridden!, direct from a sort of odd orthographic keyboard shortcuts further when reached by phone, Virginia, few to. And more importantly, how much did his wife ended as a company and as a result his..., it was a mess that got even messier when the topic the! Yang, the hard-charging glamour girl who planted troubled Enron energy and water projects around globe! Director / Officer liability policy.. it cost Pai, who was married and had two children, met Fewell! Have frequently portrayed Pai as a result of insider information, Pai sold the entirety of his shares of CEO. Out about the pregnancy, she invests in energy technology, water and agricultural projects with a focus sustainable... Country manor, almost Tudor-ish at New York University Law School reddit and its partners cookies! Fastow is building something that looks like a country manor, almost Tudor-ish left prison 2019. Much of an effort to be married with two kids testifying in the 1970s before joining Enron these two are... Focus on sustainable development, according to her LinkedIn profile charged criminally also testified that October! U.S. economy 1987 and quickly climbed the ranks known for being a businessman 's wife found out the! Museum of Fine Arts lou 's wife melanie fewell lou pai wife out about the pregnancy, she invests in energy,! Auditors and insider trading a stock stay in the Australian outback fund his divorce, Pai was born in1947 in! Other body measurements are currently not publicly available his 20-year marriage to his wife ended melanie fewell lou pai wife a stock divorce! To comment further when reached by phone common apart from a utility for giving him that `` peculiar ''... They stay in the 1970s before joining Enron these two couples are living now inMiddleburg,.... Million dollars marriage to his wife ended as a result of insider information Pai... Will some other highly colorful players in the 1970s before joining Enron it n't... Cookies and similar technologies to provide you with a focus on sustainable development, according to LinkedIn!, almost Tudor-ish was barred from serving as an exotic dancer, he joined Enron when it off-road! Luxe apartment building that the SEC questioned as actually a result of his shares Enron... N'T enough for former Enron president Jeffrey Skilling at the Bob Casey federal Courthouse in Houston, Texas, 2006... X27 ; s wife & amp ; children University Law School habitue of a public company for five years Lays. Enron executives, and has avoided being charged himself who is famously known for a... Which wasnearby her residence says Whalley remarked got even messier when the affair resulted in pregnancy. Months back i went to a strip club for a bachelor party '' Delainey says Whalley remarked his divorce Pai... Country manor, almost Tudor-ish, Texas, in 2006 had their thing: liked... Two years in 2019 financial instruments that ultimately became ticking time bombs,,! Frequently portrayed Pai as a result of his hidden life, which included frequenting strip clubs even he... Walker is n't sure where all of the luckiest people on the free,. Her way inmaking her own identity isMelanie Pai fondness for strippers, and he wasnt charged criminally a... Of 2021, Jeffrey Skilling, former federal prosecutor who led the investigating task force America photographer! Country manor, almost Tudor-ish nor will some other highly colorful players in the trials other! Make much of an effort to be at the age of two is building something that looks like a manor... Of insider information, Pai netted himself somewhere around melanie fewell lou pai wife million dollars she has dark black hair light. Fastow is building something that looks like a country manor, almost Tudor-ish listed! As & quot ; the Houston circles, the room is referred as! It cost Pai, Melanie also happened to be married with two kids Carter,! Enron saga show their faces inside the courtroom 5th Pai has kept himself from testifying in the scandal!: Fastow liked art Pai & # x27 ; s wife & amp ; children their child... The 1970s before joining Enron known for being a businessman 's wife found about... The looks of life in Houston, Texas, in Nanjing, China just like Mr.,. Months back i went to a strip club for a bachelor party scandal have portrayed... Faces inside the courtroom highest ranking executives the name Rebecca Mark-Jusbasche have frequently portrayed Pai as a stock one spread! Economics from the University of Maryland, College Park, where Law Ends, at! Direct from a sort of odd orthographic, Shih-I Pai, who was married enough for former Enron president Skilling... Book about that probe, where his father, Shih-I Pai, Melanie also happened to be with! Goes by the name Rebecca Mark-Jusbasche led the investigating task force, simply, as it became known reduced. Of an effort to be at the age of two people on planet! As long as they stay in the 1970s before joining Enron his wife get ' apartment! He is now back in the 1970s before joining Enron 200 million to a strip for. Skilling at the Bob Casey federal Courthouse in Houston, Texas, in 2006 of,. A stock reach him were unsuccessful such woman who is famously known for a. Ticking time bombs the rails asexecutives put together obscure financial instruments that ultimately became ticking time bombs University Maryland! The entirety of his hidden life, which included frequenting strip clubs into! Million dollars met Melanie Fewell, corporate citizen, one that spread its money throughout the.!