'CHiPs' actor charged with securities fraud
SEC: Larry Wilcox involved in kickback operations schemeLarry Wilcox, who starred on the 1970s series "CHiPs" with Erik Estrada, is being accused of securities fraud, the Associated Press reported.
The scheme involving Wilcox, who played California highway officer Jonathan "Jon" Baker in the series, was one of several kickback operations run by more than a dozen small-company stock promoters, the Securities and Exchange Commission said Thursday. The SEC charged Wilcox and the others in lawsuits filed in Miami federal court.
The SEC says the promoters were caught in an FBI undercover sting operation offering to pay kickbacks to pension-fund managers or stockbrokers for using their clients' funds to buy penny stocks.
Wilcox's lawyer didn't immediately return a telephone call seeking comment from the Associated Press.