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"Risk comes from not knowing what you're doing" Warren Buffett I look and sift the world for such misplaced bets. When I occasionally find one, I first exploit it for profit. Then, I write about it for anyone else interested in such ideas. Twitter: @unemon1 Scribd:... More
  • The Real Story Behind LLEN Investigation mIght Help Explaining Some Of The Company's Moves (I.e. The Ironrige Deal) 7 comments
    Apr 2, 2014 3:00 PM | about stocks: LLEN

    DICKSON LEE WAS TRYING TO SAVE HIS BACK AND BRING HIS MONEY FAR AWAY FROM THE REACH OF DEFRAUDED U.S. INVESTORS!

    From the supplemental briefing in support of the motion too detain the defendant, Dickson Lee, pending Trial:

    "... In April 2013, after the deposition, the United States Attorney's Office formally informed Dickson Lee's counsel that Lee and the company were targets of a criminal investigation ... "

    Hopefully, now ... all the Defrauded U.S. Investors might have an answer to the Ironridge Deal (Deal explained in this Geoinvesting Article:seekingalpha.com/article/1723842-l-and-l...).

    On July 2, 2013, Ironridge Global IV, Ltd filed a lawsuit in the Los Angeles Superior Court against LLEN seeking to collect debts Ironridge purchased from LLEN's creditors.

    On August 4, 2013, Dickson Lee sold $800,000 of debt LLEN owed him to Ironridge. Dickson joined two other creditors who had assigned their debts to Ironridge to collect in Court."

    Well, knowing he (Lee) and LLEN were target of a Criminal Investigation ... I imagine Lee entered into this deal to get his $800,000 back ... and send them ... over to Taiwan.

    Since Dickson Lee was informed of the Criminal Investigation, Lee started to transfer all his assets to various Asian Countries (leaving his U.S. bank account balance to about $300).

    Case 2:14-cr-00024-RAJ / Document 9 :

    "In addition to his personal ties, Lee has transferred substantial financial assets to Taiwan and China, providing him with the means and further incentive to flee and never return. The government has obtained and reviewed banking information for Lee's main personal bank account held at East West Bank for the year 2013. The government's analysis revealed that throughout 2013, Lee transferred more than $200,000 to various accounts located in Taiwan, Hong Kong, and China so that by December 2013, the account's balance was left at less than $300. Due to the sensitive nature of the banking documents, relevant excerpts will be provided to the Court for review at the time of hearing."

    I ADVISE ALL LEEN Defrauded Investors to have a look at the "supplemental briefing in support of the motion too detain the defendant, Dickson Lee, pending Trial" :

    unemon.com/ResearchEasy/20140402_LLEN_Su...

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Comments (7)
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  • wirestripper
    , contributor
    Comments (126) | Send Message
     
    As the Cookie Crumbles........

     

    They need to do a movie about this real life drama...
    2 Apr, 03:02 PM Reply Like
  • CoolWatch
    , contributor
    Comments (171) | Send Message
     
    As of July 31, 2013, LLEN due to DL was recorded as $2,149,641. Can you explain why DL did not assign the whole amount to Ironridge but $800,000 only?
    3 Apr, 10:51 AM Reply Like
  • UNEMON1
    , contributor
    Comments (248) | Send Message
     
    Author’s reply » Well ... if you really need an answer ... I suggest you follow the litigation closely. Maybe you will get one.

     

    1. 800k ... is more than 37% of the total
    2. Most likely the 800k limit was set by Ironrige and not choosen by Lee. At least ... that's why I would think.

     

    You see, plenty of plausible explanations. The fact IS ... that ... Lee and LLEN knew they were at the center of a "CRIMINAL Investigation" ...... and failed to inform shareholders about it. U.S.
    Time will tell ... and I wish you good luck ... For sure ... I do not like to see Western Investors defrauded by Chinese nationals / Asian residents. That's something I can/will not be happy about.
    6 Apr, 06:32 AM Reply Like
  • CoolWatch
    , contributor
    Comments (171) | Send Message
     
    Thank you! Oh ...... maybe you also need to enlighten me further as to:

     

    Why Dickson Lee still wired $999,912.90 from his personal bank account in Taiwan to LLEN's corporate bank account on May 22, 2013, after the US Attorney’s Office formally informed his counsel that he and LLEN were targets of a criminal investigation in April 2013.

     

    Was Dickson out of his mind?

     

    By the way, fellow longs, just some update you may like to know:

     

    http://yhoo.it/Q54HWg;_ylt=AlknGgu4bavD8_2T...
    6 Apr, 10:22 AM Reply Like
  • CoolWatch
    , contributor
    Comments (171) | Send Message
     
    A New Private Group of LLEN Shareholders Recently Formed

     

    Many LLEN shareholders being tired of getting distorted / incomplete information from shorts and bashers on YMB have decided to form their own private board where they can have normal and reasonable board messages; share ideas, thoughts and update information regarding LLEN events and its related developments; gather and strenghen their position as shareholders for protection of their interests in the Company, etc...

     

    If you are a true long and interested in it, feel free to join. It only costs you TIME to share, contribute and protect your own interest as a group. Verification required. For details please visit:

     

    http://yhoo.it/Q54HWg;_ylt=AgIiAnVL7c7qHBHo...

     

    If you find my post interrupting, I apologize for the inconvenience that may have caused you.
    5 Apr, 10:16 AM Reply Like
  • UNEMON1
    , contributor
    Comments (248) | Send Message
     
    Author’s reply » Good Luck! ... you are right ...

     

    LLEN shareholders have been getting distorted / incomplete information for a long Time ... ...

     

    ... unfortunately ... Dickson Lee itself was the one ... giving them Distorted / false information. At least ... that's what the recent SEC lawsuit alleges! ...

     

    Good luck Mark!
    5 Apr, 02:55 PM Reply Like
  • CoolWatch
    , contributor
    Comments (171) | Send Message
     
    Unemon1, I was expecting you to reply my question as well. If you cannot think of any reasonable or logical answer for now, that's fine. Take your time.
    5 Apr, 09:20 PM Reply Like
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