The founder of coal company L&L Energy Inc was sentenced to five years in prison for lying to U.S. regulators about who was operating the company and issuing shares to Chinese investors without disclosing the existence of a regulatory probe. Dickson Lee, 66, pleaded guilty to two counts of securities fraud in September and was sentenced in federal court in Seattle, Washington. L&L Energy, which had all of its operations in China and Taiwan, also pleaded guilty in January.
