Call Now For a Free Consultation:
(614) 532-4576
Nationwide Representation

"CHiPs" Are Down for Larry Wilcox Who's Accused of Securities Fraud

“CHiPs” star Larry Wilcox faces securities fraud charges for his involvement in an elaborate kickback scheme involving penny stocks. Mr. Wilcox, who played California Highway Patrol Officer Jonathan Baker in the hit TV show “CHiPs” in the late 70s and 80s, was charged on Thursday, October 7, 2010, by federal regulators.The U.S. Securities and Exchange Commission (SEC), the U.S. Attorney for Southern Florida and the FBI caught more than a dozen penny-stock promoters, along with Mr. Wilcox, in a sting operation set-up. The promoters were caught in "various illicit kickback schemes to manipulate the volume and price of microcap stocks and illegally generate stock sales,” said the SEC. The schemes revealed by the SEC "generally involved the payment of kickbacks to purportedly corrupt pension fund managers or stockbrokers, who would use their clients' accounts to purchase the publicly traded stock of microcap issuers controlled or promoted by the individuals and companies charged today." The SEC has alleged that Mr. Wilcox operated the scam under his company, UC Hub Group Inc. in which he “perpetrated interrelated kickback schemes with two other penny-stock company executives.” The SEC intends to continue its investigation into Mr. Wilcox and the other alleged scam artists to determine if they were behind other scams and to see if, and how many, investors became victims of their alleged investment fraud schemes.

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

Share This Story
If you found the information provided by this article useful, consider sharing to your social media channels to help others in their search for reliable resources.
Consult with Our Legal Team
There is never a cost associated with a consultation
Atlanta Office

945 East Paces Ferry Road, Suite 2275
Atlanta, GA 30326
Columbus Office

305 W. Nationwide Blvd
Columbus, OH 43215
Meyer Wilson
New Orleans Office

900 Camp Street 
Suite 337
New Orleans, LA 70130
Los Angeles Office

2029 Century Park East,
Suite 400N
Los Angeles, CA 90067
Cleveland Office

4781 Richmond Rd.
Suite 400
Warrensville Heights, OH 44128
Bloomfield Hills Office

41000 Woodward Ave.,
Suite 350
Bloomfield Hills, MI 48304
Quick Links
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. No recipients of content from this site, clients or otherwise, should act or refrain from acting on the basis of any content included in the site without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from an attorney licensed in the recipient's state. Read More
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter.
Read More
chevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram