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  • CHiPs' Star Sentenced to Probation For Securities Fraud

    Mon, 31 Jan 2011 16:56:24

    CHiPs' Star Sentenced to Probation For Securities Fraud - Larry Wilcox expressed remorse so the judge was lenient

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    Larry Wilcox, who played a California highway officer in the 1970s TV series "CHiPs, was not above the law he pretended to enforce on TV! Wilcox was sentenced to probation in a Florida federal court on a securities fraud conviction. Ouch. He did bad shit.

    The Securities and Exchange Commission says 63-year-old Wilcox was involved in one of several kickback operations run by more than a dozen small-company stock promoters. They were caught in an FBI undercover sting operation offering to pay kickbacks to pension-fund managers or stockbrokers for using clients funds to buy penny stocks, according to The Associated Press.

    Wilcox pleaded guilty in November to securities fraud conspiracy. The maximum prison sentence is five years, but Wilcox demonstrated remorse and got probation.

    Did you watch CHiPs for Erik Estrada or for Larry Wilcox? Ponch and Jon, yo!

    —Amy Sciarretto

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    Tags: Larry Wilcox, Erik Estrada

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