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by Mike Caswell

Tyler Crockett, a Virginia man criminally charged for a call room that defrauded seniors and others, has been sentenced to three months of house arrest. The government claimed that Mr. Crockett was part of an operation that touted four stocks, including Evolution Technology Resources Inc. of Toronto. He and another man inflicted losses amounting to millions of dollars, with many of the victims being seniors.

Mr. Crockett's sentence is contained in a judgment filed on Friday, Sept. 26, in federal court in New York. The terms of Mr. Crockett's house arrest specify that he will be monitored and will be permitted to leave only for medical emergencies, work or religious services. He must pay for the cost of monitoring. He will also be on probation for three years.

The judge further set out monetary penalties that will include $3.2-million in restitution. (All figures are in U.S. dollars.) Mr. Crockett must also forfeit $536,106, which he has already paid. The terms of his probation include regular reporting of his financial condition to authorities.

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