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'CHiPs' Larry Wilcox Charged With Securities Fraud

10/7/2010 5:44 PM PDT BY TMZ STAFF

Larry Wilcox of "CHiPs" fame has just been charged with securities fraud.

Larry Wilcox scam.
The Securities and Exchange Commission just charged Wilcox and more than a dozen others with allegedly manipulating the volume and price of penny stocks to illegally generate stock sales.  Translation: Wilcox and the others allegedly set up a phony company to generate bogus stock sales.

This is not a criminal charge.  The SEC is asking for an injunction against Wilcox and some of the others, as well as financial penalties.

42 COMMENTS

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1.

wisey    

LA 15 this is 7 Mary 3

1386 days ago
2.

Mike    

Oh you naughty boy. Why would you try to make money in a flat economy? Ha ha ha...Such BS who cares if Larry made a buck.

1386 days ago
3.

MJ    

Penny Stocks Jumping up 2000% ! Ironically a Banner Ad
running under this very Story. No hope in the world :(

1386 days ago
4.

Zra    

daaaaaa da da da da, da da da da da, da da da, da da da da da da....da da da da da da da da, da da da da, daaaaaa

1386 days ago
5.

Bob    

How exactly is Larry Wilcox related to W.C. Fields?

The family resemblance is startling.

1386 days ago
6.

ginny    

shame on you chippie...but I guess if you cannot do it on a motorcycle or with your smile any longer ya gotta ****ing cheat folks!!

1386 days ago
7.

laughingmyassoff    

Besides those Vietnam Flashbacks that SGT Wilcox suffers, I wouldn't be surprised if he still thinks he is a CHP.

1386 days ago
8.

sweetdee88    

great, now i'll have the chips theme music stuck in my head all day

1386 days ago
9.

kdibbs12    

I cant believe this, these pennystocks are such a scam.. I used to get screwed over on them ALL the time. Now I short them or I buy quality stocks and have made some big bucks lately. I use ProphetAlerts.com for stock alerts, they even alert and short these pump and dumps that Larry Wilcox used.

1386 days ago
10.

Superman    

Why no criminal charges? Tell the prosecutors to get off their asses.

1386 days ago
11.

Marty    

Dang it, Where's Martha Stewart when you need her?

1386 days ago
12.

anony    

Jon, Sgt. Getraer is going to assign you to desk duty. And you have lost all your disco privileges with Ponch.

1386 days ago
13.

Jim Beam    

Say it ain't so, Baker, say it ain't so!

1386 days ago
14.

david    

It's 7 Mary 6...

1386 days ago
15.

Jim Beam    

I also gotta add that today has been a ROUGH day on us guys from the 80s here on TMZ. This morning all us Hulkamaniacs were crushed by f-ing seashells and now it's Baker and the SEC.

These things happen in 3s, so, "Nintendo is Bankrupt!" story in 3, 2, 1 . . .

1386 days ago
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