Accused 'CHiPs' Star Cut Deal In Fraud Case

Law360, New York (October 11, 2010, 6:11 PM EDT) -- Larry Wilcox, financial trader and former star of the hit TV show “CHiPs,” may have worked as an undercover informant in exchange for leniency in a penny-stock securities fraud conspiracy in which he was allegedly caught up, court papers show.

On Thursday, Wilcox pled guilty to one count of conspiracy to commit securities fraud, which carries a maximum sentence of up to five years in prison, as part of a plea agreement with the U.S. Attorney's Office for the Southern District of Florida.

Wilcox had agreed...
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