U.S. SEC Accuses Coal Company L&L Energy of Fraud

FOXBusiness

The U.S. Securities and Exchange Commission accused L&L Energy Inc of committing fraud when the coal company and its founder made false disclosures about who was running the company, the agency said on Thursday.

A criminal indictment against the founder, Dickson Lee, was also unsealed in federal court in Seattle, the SEC said.

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(Reporting by Aruna Viswanatha. Editing by Andre Grenon)

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