Judge Richard Jones from the U.S. District Court for the Western District of Washington this week ordered the China-focused miner to pay a $175,000 fine following its January guilty plea to charges of securities fraud.

He also sentenced the former publicly held firm to five years of probation, according to a Reuters report.

Lee pleaded guilty to his role in the scheme last September and is now serving his five-year prison term.

Prosecutors, which Reuters has said referred to L&L as “a sham, wholly dominated and controlled by Lee to the detriment of shareholders,” previously claimed that Lee falsely reported the existence of a chief financial officer in a U.S. Securities and Exchange Commission filing as part of an effort to get a stock exchange listing.

Lee also reportedly issued 730,000 stock shares to unidentified third-party investors, subsequently instructing them to sell the units to generate revenue for L&L. The executive had not disclosed, however, that an existing probe into the company had already commenced through the SEC; as a result, he is facing a civil case by the agency.

L&L Energy’s interests were in China and Taiwan. NASDAQ halted the company’s stock in November 2013. Lee was arrested for his acts in March 2014.