L&L Energy
| Company type | Public |
|---|---|
| Industry | Coal |
| Founded | 1995 |
| Defunct | 2015 |
| Headquarters | Seattle , United States |
Area served | People's Republic of China |
Key people | Dickson Lee (Ted Lee) (CEO), Norman Mineta (Board member) |
| Products | Coal production, processing, and distribution |
L&L Energy, Inc. was an American enterprise headquartered in Seattle, specializing in the production, processing, and distribution of coal, with a primary market focus on the People's Republic of China.
By the year 2011, the company concentrated on acquiring smaller coal mining businesses within China and importing coal from the United States for subsequent processing and sale within the Chinese market.
In April 2014, L&L Energy was removed from the NASDAQ stock exchange after investigations conducted by the SEC and the DOJ. The following year, the U.S. District Court imposed a five-year probation period on the company. Meanwhile, CEO Dickson Lee (later known as Ted Lee) was sentenced to five years in prison for securities fraud. Lee faced allegations of falsifying information regarding the company’s CFO and internal control systems to facilitate a stock listing and misleading investors; however, he was not taken into custody at that time.
Of particular note, former U.S. Transportation Secretary Norman Mineta held a position on L&L Energy’s board of directors.
External links
- Coal companies of the United States
- Holding companies of the United States
- Energy companies established in 1995
- Non-renewable resource companies established in 1995
- Defunct companies based in Seattle
- Companies traded over-the-counter in the United States
- Energy companies disestablished in 2015
- Non-renewable resource companies disestablished in 2015