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Vietnam War Saves 'CHiPs' Star from Jail

1/28/2011 3:15 PM PST BY TMZ STAFF

Larry Wilcox – star of the '80s show  “CHiPs” -- was spared a jail sentence for his role in a financial scheme ... partly because he fought in the Vietnam War.

Larry Wilcox

Wilcox -- had recently pleaded guilty to one count of conspiracy to commit securities fraud and was facing up to five years in federal prison.  Instead, Wilcox was sentenced to 3 years probation and 500 hours of community service.

After Wilcox shed a few tears inside the courtroom, the judge explained the actor was spared the slammer because of his service in Vietnam coupled with his extensive record of community service.

Wilcox joined the Marines in 1967 and spent 13 months in Vietnam as an artilleryman.

Semper Fi.


101 COMMENTS

No Avatar
46.

northern gypsy    


man-o-man how the mighty have fallen !!!
i remember c.h.i.p.s. he was the epitome of wholesome...
oh well...just one more nail in the corruption coffin !!!

1274 days ago
47.

gimmeabreak    

Oh...and you also get break when you "dime out" everyone else that was involved too. RAT!!!

Posted at 12:43 PM on Jan 28, 2011 by Mike

----------------------------------

LOL, i'm glad to see you agree. Many factors legitimately affect sentencing and it wasn't just because he's whitey, or that he's and actor and shed a few crocodile tears that got him a more favorable sentence.

Also Larry has a loong standing and well do***ented commitment to supporting charities, charities that just happen to help the children of slain FBI agents and Law Enforment Officers.

Take it all in totallty and it's easy to see why the judge exercised his lawfully descretion and sentenced him lightly.

1274 days ago
48.

Nielsen    

It's unacceptable that this guy got off......He may think he's gotten away with it, but he will always be thought of as a person of little integrity.

1274 days ago
49.

Jody    

Wow, I don't know how i overlooked this piece of info that came out in October. I read here daily, but that one passed right on by me.

1274 days ago
50.

Carl    

I think the whole "salute our troops" thing has gone too far when you can get a lighter sentence for committing a crime just because you were in the service. If anything he should be condemned more since it would go to show he didn't follow the code of conduct service members are expected to follow.

1274 days ago
51.

Northerner    

its nice to finally see a judge make a good call on sentencing by taking a persons past record and accomplishments into account.

1274 days ago
52.

robert    

This is a terrible verdict. This piece of shi* was in a pump and dump scheme where he runied a lot of peoples finances. Let me get this straight. I can rip off unsophisticated investors for their life savings, and because i served in the military i get a slap on the wrist. I can just see this now all the wirehouses and investment banking firms requiring their minions to sign up for a stint in the military, so when their next scheme they screw investors in gets found out, they all waive their military service records for a get out of jail free card. I bet Allen Stanford and Bernie Jerkoff are all kicking themselves in their flat asses right now for not serving.

1274 days ago
53.

Marty    

I am just trying to think how the people that he ripped off feel about this. I wouldn't stand for this if he took my life's savings and then continued to live in the lap of luxury.

I have seen people scratch the word "KARMA" in the lead of a bullet before they loaded it.

1274 days ago
54.

Al    

This THUG should have been thrown under the jail.

1274 days ago
55.

IRISHANNIE    

''It does not matter if you are black or white '' as the great man once said ! ,...SICK and tired of every comment on all this site from people with the black/white/gay issues .
I am from DUBLIN IN IRELAND, LIVE IN ENGLAD, MARRIED TO A GREEK, HAVE A SON WHO IS HALF GREEK/HALF WHITE IRISH /HIS GOD FATHER IS BLACK SOUTH AMERICAN ....WHAT DOES THAT MAKE ME OR MY SON ?
Next time , please can we keep the comments to the subjects and NOT for a free ride to spout unkindness to anyone's colour or creed .
Black/white/yellow/brown, i love you all brother's and sister's . xx

1274 days ago
56.

magnumcreek    

13 months with an artillery company in Vietnam will put some wobble in your spin.

1274 days ago
57.

Jim    

Doing volunteer work should matter a lot more than going to war for a terrorist government. A war the US had no right to be in and didn`t win anyway. He didn`t go to jail because he`s white....period.

1274 days ago
58.

Mypasttyme    

I just have to ask. Phil Osopher how old are you...12? Before you people take off on your whining about the sentence, you might want to get the facts. Where was it printed that people were bilked out of their life savings??? I have looked and looked and could not find that any place but on this blog. And really, you don't see a HUGE difference in a white collar crime with an "intent" to commit securities fraud and a horrific rape or murder? This is the 21st century and the roles have changed. Seems the discrimination is now always against the white people. So tired of hearing "if it were a black person..blah, blah, blah". There are many white men and women in the prison system. Larry Wilcox is just not one of them today. Not justifying what he did..it was wrong, no doubt about it, but as it has been pointed out in previous posts there are Bigger Fish that have done much much worse.

1274 days ago
59.

NoBreederRat    

#9.His service in Vietnam should count for something. It is not a get out of jail free card for life but once is good. He is in his 60's with no prior record, black or white, he shoulf catch a break.

The Judge made a good call.

Posted at 10:52 AM on Jan 28, 2011 by Rick
----------------------------------------

A military service record should count when running for political office because whether someone dodged the draft or not shows their level of commitment and patriotism.

It should never be used as a get out of jail free card even once. Where do you draw the line after that? And it is highly unlikely the judge would have known about it if it weren't pointed out. Way to go Larry, for being willing to use your service record to avoid personal responsibility. Douchebag!

1274 days ago
60.

gimmeabreak    

This is a terrible verdict. This piece of shi* was in a pump and dump scheme where he runied a lot of peoples finances. Let me get this straight. I can rip off unsophisticated investors for their life savings, and because i served in the military i get a slap on the wrist. I can just see this now all the wirehouses and investment banking firms requiring their minions to sign up for a stint in the military, so when their next scheme they screw investors in gets found out, they all waive their military service records for a get out of jail free card. I bet Allen Stanford and Bernie Jerkoff are all kicking themselves in their flat asses right now for not serving.

Posted at 4:11 PM on Jan 28, 2011 by robert

---------------------------------

Excuse me? People were bilked out of their life savings in a penny stock pump and dump scam? LOL, i think you've confused him with Bernie Madoff or something.

If anyone wants to read the REAL story it's available on the SEC website. It anything it sounds like Larry caught in an FBI sting operation designed to entice people to crime and entrap them. THE SEC STATES THAT NO INVESTORS WERE EVER HURT DURING THE STING OPERATION, AND THERES NO EVIDENCE HE EVER DID THIS SORt OF THING BEFORE HE WAS LURED INTO THIS STING OPERATION.

So much for all of the hyperbole that he's some master fraudster who defruaded people out of their life savings.

http://www.sec.gov/news/press/2010/2010-187.htm

"According to the SEC's complaints filed in U.S. District Court for the Southern District of Florida, the schemes 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. 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.

"These corrupt promoters meticulously planned their schemes down to the last detail, except for the possibility that they were walking into an undercover operation," said Robert Khuzami, Director of the SEC's Division of Enforcement. "This joint law enforcement effort is a stark warning to those who embark on securities fraud schemes that we may be listening and we may be watching."

Eric I. Bustillo, Director of the SEC's Miami Regional Office, added, "These penny stock promoters paid illicit kickbacks to people who they thought would help them profit at the expense of unsuspecting investors by manipulating the price of their stock or fraudulently selling their shares."

The SEC's complaints allege the following individuals and companies perpetrated various kickback schemes:

Larry Wilcox, who lives in West Hills, Calif., and played Officer Jonathan "Jon" Baker on CHiPs, perpetrated interrelated kickback schemes with two other penny stock company executives. Anthony Mellone, who lives in Fort Lauderdale and was CEO of Tri-Star Holdings Inc., began the process by paying an illegal kickback to a purported employee pension fund trustee who was to purchase 40 million restricted shares of Tri-Star stock. Days later, Mellone paid another kickback for a purchase of 50 million restricted shares of stock. Unbeknownst to Mellone, the corrupt trustee and the trustee's business associate were undercover FBI agents, and another middleman was an FBI cooperating witness. Mellone, satisfied how the deal worked for his own company, sought to implement the same fraud with others. He informed Wilcox and Alex Parsinia of Calabasas, Calif., about the purportedly corrupt trustee, and both agreed to replicate the scheme for their own companies. Mellone demanded and received a $1,000 kickback from the witness for each completed restricted stock transaction he initiated. In each instance, the three attempted to conceal the kickback by entering into a consulting agreement with a phony company the trustee purportedly created to receive the kickback. Parsinia's company is Zcom Networks Inc. and Wilcox's company is The UC Hub Group. " etc., see the SEC website link above for the rest of the story.

1274 days ago
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