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

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.

(Reporting by Aruna Viswanatha. Editing by Andre Grenon)