Regulators brought securities fraud charges against actor Larry Wilcox, who played California Highway Patrol officer Jon Baker on the TV show "CHiPs."

The SEC alleged that Wilcox and at least a dozen others were engaged in "various illicit kickback schemes to manipulate the volume and price of microcap stocks and illegally generate stock sales."

The agency says that Wilcox and the other defendants paid kickbacks to pension fund managers. The managers would then use the money in their accounts to purchase the stock of microcap issuers controlled or promoted by the defendants.

The penny-stock promoters were caught in a sting operation.

"What the promoters and insiders did not know was that the people with whom they arranged these illegal transactions were actually undercover FBI agents or confidential sources participating in undercover operations," the SEC said.

The agency lists Wilcox's company as UC Hub Group Inc.

Wilcox played Jon Baker, a motorcycle cop, in "CHiPs", which ran from 1977 to 1983.

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Robert

bookem Grossie. Cindy, shes a hottie.

October 10 2010 at 11:33 AM Report abuse -1 rate up rate down Reply
jkennedy806

When are they going to go after the real crooks? The seven major banksters who stole our taxpayer money and tanked the economy. Now they are trying to steal houses away from people to cover up the wide spread crimes. Then go after Wall Street -- then the fed government and the lobbyists.

October 08 2010 at 11:00 AM Report abuse +3 rate up rate down Reply
1 reply to jkennedy806's comment
udopeper42

You are so right, BINGO !!!!!!

October 08 2010 at 3:04 PM Report abuse +1 rate up rate down Reply