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Enron's Lou Pai

In: People

Submitted By wendiday
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Pages 2
Lou Lung Pai interested me the most, he was one of the top executives. There were 10 players in all and Lou Pai was the mystery man of the scandal that took place at Enron. The co-workers at Enron described him as a man you never wanted to cross, very secretive, rather quiet and kept to himself. He was very intelligent, his trading skills were excellent, and he was the top man on the trading desk. He was married, but had a crazy infatuation with strippers. Every night he went to the strip club where eventually he had a stripper girlfriend that gave birth to his child. Pai was not only smart in trading, he was also smart enough to know when to call it quits and cashed in his stock investment of 270 million before the company had it's downfall. His timing was just right to cash in at the companies peak of it's game, allowing him to walk out with more money than any other executive at Enron. His timely exit created a perfect escape for him without being prosecuted, when the collapse of Enron took place six months after his departure. After he resigned from Enron and left with his fortune he bought lots of land in Colorado and was known as the man who owned the second largest amount of property in Colorado. He was able to pull this off based on his wife filing for divorce and state that he had to sell out his stock to pay the divorce settlement. Pai plead the 5th to avoid being part of any trials during Enron executives testifying in court. Making the decision to plea the 5th kept him from having any sort of charges brought against him. The SEC could not find any reason to charge Pai with anything. Although he was questioned, he denied any knowledge of the illegal activities that took place. He was able to walk away to live a non-prosecuted and wealthy life.

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