Douglas Hague was charged Monday by the SEC with involvement in two stock kickback schemes in the summer of 2009.

Clean Coal said that during this time, Hague was also charged with criminal conspiracy to commit securities fraud.

Hague has not been employed by Clean Coal since April 2011 and the company reports that none of the current executive management team served under Hague in 2009.

Clean Coal Technologies president and chief executive Robin Eves said that although the company had been charged along with Hauge, it was committed to cooperating with the investigation.

“Clean Coal Technologies is fully supportive of the government’s desire to clean-up part of the publicly traded market,” Eves said.

“We intend to provide the investigatory agencies with any relevant information requested. It is our commitment to maintain strong corporate governance and transparency.”