![]() ![]() Attorney’s Office in the Western District of Washington is prosecuting the case. In a parallel action, a criminal indictment against Lee was unsealed today in federal court in Seattle. ![]() Lee and L&L Energy also allegedly misled NASDAQ to become listed on the exchange by falsely maintaining they had accurately made all of their required Sarbanes-Oxley certifications. Certifications required under the Sarbanes Oxley Act ostensibly bore the purported acting CFO’s electronic signature. L&L Energy and Lee continued to misrepresent that they had an acting CFO in the next three quarterly reports. An L&L Energy annual report falsely listed Lee’s brother as the CEO and a woman as the acting CFO in spite of the fact that she had rejected Lee’s offer to serve in the position the month before. The SEC’s Enforcement Division alleges that L&L Energy Inc., which has all of its operations in China and Taiwan, created the false appearance that the company had a professional management team in place when in reality Dickson Lee was single-handedly controlling the company’s operations. The Securities and Exchange Commission today announced fraud charges against a Seattle-headquartered coal company and its founder for making false disclosures about who was running the company. ![]()
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |