Founder of L&L Energy, Inc. Resigns After SEC Fraud Charges

If you listen to the SEC’s complaint against him, Dickson V. Lee, chief executive officer and chairman of the board of directors of L & L Energy, Inc. (NASDAQ:LLEN), is a control freak.

"Misrepresented" that he hired CFO

However, just days after being charged by the SEC that he had “fraudulently misrepresented” that he had hired top talent to manage the firm he founded, he resigned.

On March 27, 2014 the SEC filed a complaint against Lee, whose company is headquartered in Seattle but operates a coal operation in...