SEC Charges 'CHiPs' Actor With Securities Fraud

Friday, 08 Oct 2010 07:13 AM

 

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
Federal regulators have accused the actor who played a California highway officer in the 1970s TV series "CHiPs" of securities fraud.

The scheme involving actor Larry Wilcox 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 63-year-old Wilcox, of West Hills, Calif., played Officer Jonathan "Jon" Baker on "CHiPs."

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.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web

Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 

You May Also Like
Around the Web

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved