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by Mike Caswell

Kevin Dills, a California man who pleaded guilty to charges stemming from a $100-million scheme on the OTC Markets, has been sentenced to 2-1/2 years of house arrest. (All figures are in U.S. dollars.) Prosecutors claimed that Mr. Dills was part of the Oncology Pharma Inc. pump-and-dump, which was run through a Canadian brokerage. The government claimed that he helped insiders illegally dump shares as promotional material touted the company as the "next biopharma stock poised to EXPLODE!"

Mr. Dills's sentence is contained in a judgment released on May 16, 2024. The judge has ordered him to remain in his home, subject to electronic location monitoring (which is usually done with an ankle bracelet). He is allowed to leave his house for religious services, medical care and to attend to legal matters associated with the case. He is also allowed to leave for his child's medical and school needs. In addition to the home detention, the judge imposed a $6.1-million restitution order and banned him from trading over-the-counter stocks.

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