'CHiPS' Star Charged In Penny Stock Kickback Scam

Law360, New York (October 7, 2010, 7:36 PM EDT) -- An actor who starred in the hit TV show "CHiPS" is among more than a dozen penny stock promoters facing civil and criminal charges over a scam to manipulate the volume and price of microcap stocks.

Larry Wilcox, who played Officer Jonathan “Jon” Baker on the motorcycle police drama, was hit Thursday with civil fraud charges by the U.S. Securities and Exchange Commission and parallel criminal charges by the U.S. Attorney's Office for the Southern District of Florida.

Wilcox, 63, of West Hills, Calif. is accused...
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