L&L Energy
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.
| Type | Public (OTC Pink: LLEN) |
|---|---|
| Industry | Metals and Mining |
| Founded | 1995 |
| 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 NASDAQ in April 2014, shortly following the announcement of investigations of the company by the SEC and Department of Justice.[2] In 2015 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]
Former U.S. Transportation Secretary Norman Mineta at one time served on the board of the company.[6]
References
- Barker, Christopher (2011-06-16). "Under the Microscope in China: L&L Energy". www.fool.com. Retrieved 2016-07-29.
- Inc., L & L Energy. "L&L Energy to Voluntarily Delist from the NASDAQ Stock Exchange". www.prnewswire.com. Retrieved 2016-07-29.
- "Company profile". L&L Energy. Archived from the original on 22 June 2008. Retrieved 4 March 2013.
- "L&L Energy buys majority stake in Chinese coal mine. L&L Energy founder gets 5 years in U.S. prison for fraud". Mining.com. 2012-06-18. Retrieved 4 March 2013.
- "Coal company L&L Energy founder gets 5 years in U.S. prison for fraud". Reuters. 2015-02-20. Retrieved 2016-07-29.
- Greenberg, Herb (2010-12-21). "Greenberg: Dangers Lurk in Chinese Reverse Mergers". Retrieved 2016-07-29.