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'CHiPs' Star Larry Wilcox Accused of Securities Fraud
Actor Larry Wilcox celebrating 10-4 Day in Hollywood earlier this week | Photo by Tom Andrews/LAist
On Monday, "CHiPs" actor Larry Wilcox was all smiles in Hollywood as he celebrated 10-4 Day , which honors and celebrates the work police officers do. Then came Thursday, when federal regulators went after and charged several penny stock promoters, including Wilcox, according to the LA Times .
Promoters were caught in "various illicit kickback schemes to manipulate the volume and price of microcap stocks and illegally generate stock sales," said the Securities and Exchange Commission.
An undercover sting operation was set up and the charged companies, including Wilcox's UC Hub Group Inc., allegedly "arranged these illegal transactions" with the SEC, U.S. Attorney's Office and FBI.
Wilcox starred in the 1977-83 TV classic "CHiPs" as a motorcycle officer alongside actor Erik Estrada.
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But the game has changed: Congress voted to eliminate funding for public media across the country. Here at LAist that means a loss of $1.7 million in our budget every year. We want to assure you that despite growing threats to free press and free speech, LAist will remain a voice you know and trust. Speaking frankly, the amount of reader support we receive will help determine how strong of a newsroom we are going forward to cover the important news in our community.
We’re asking you to stand up for independent reporting that will not be silenced. With more individuals like you supporting this public service, we can continue to provide essential coverage for Southern Californians that you can’t find anywhere else. Become a monthly member today to help sustain this mission.
Thank you for your generous support and belief in the value of independent news.
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