KBTX | Bryan & College Station, TX | Aggieland News

CHiPs Star Gets Probation For Securities Fraud

By: Associated Press Email
By: Associated Press Email

The actor who starred alongside Erik Estrada in the 1970s TV series "CHiPs" has been sentenced to 3 years probation on a securities fraud conviction.

A federal judge in Fort Lauderdale on Friday also ordered Larry
Wilcox to serve 500 hours of community service.

The Securities and Exchange Commission said the 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 client funds to buy penny stocks.

Wilcox pleaded guilty in November to securities fraud conspiracy. He faced a maximum of five years in prison.

Wilcox played California highway officer Jonathan "Jon" Baker
on the show.


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