NEW YORK, April 28, 2014 /PRNewswire/ -- L & L Energy, Inc. (OTCQB: LLEN) is a highly controversial situation with an enigmatic story currently in a state of flux. Taken at face value on paper this appears to be an incredibly successful success story in the rapidly growing Chinese coal / energy market. As reported in an April 8, 2014 article in The Seattle Times, LLEN CEO Dickson Lee, has resigned after his March 27 arrest and the unsealing of a 10-count indictment for securities fraud and false regulatory filings.
While it seems somewhat counterintuitive or implausible that serious fraud and misrepresentation on the scale that has been publicly alleged against LLEN could actually exist and go on for three years (or longer) it clearly seems imprudent for investors to ignore such allegations.
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