L&L Energy
From Wikipedia, the free encyclopedia
L&L Energy, Inc. was an American company headquartered in Seattle, Washington, in the business of producing, processing, and selling coal in the People's Republic of China.
Company type | Public (OTC Pink: LLEN) |
---|---|
Industry | Metals and Mining |
Founded | 1995 |
Defunct | March 2, 2015 |
Headquarters | Seattle, Washington, United States |
Area served | People's Republic of China |
Key people | Dickson V. Lee (CEO) Clayton Fong (Vice President) Ian G. Robinson (CFO) |
Products | Coal |
Services | Coal production |
As of 2011, the company was focused on acquiring small-scale coal mining operations in China, as well as supplies of American coal that it planned to process and sell in China.[1]
The company was de-listed from the NASDAQ in April 2014, shortly following the announcement of investigations of the company by the SEC and Department of Justice.[2] In 2015, the U.S. District Court sentenced the company to five years of probation, and CEO Dickson Lee to a five-year prison term for securities fraud.[3][4] Lee was accused of misrepresenting the company's chief financial officer and internal controls in order to achieve a stock market listing, and of deceiving investors.[5] However, he was not arrested.
Former U.S. Transportation Secretary Norman Mineta at one time served on the board of the company.[6]