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'CHiPs' Actor -- I Graduated From Debt School!

6/18/2011 2:35 AM PDT BY TMZ STAFF

Former "CHiPs" star Larry Wilcox and his wife Marlene have found a new way to keep their marriage fresh after 25 years -- they just graduated a court-ordered personal financial management course together!

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The course was required by a judge after the pair filed for bankruptcy during that whole securities fraud mess last year ... in which they allegedly set up a phony company to generate bogus stock sales.

Wilcox -- best known for playing Jon Baker on "CHiPs" back in the day -- pled guilty to one count of conspiracy to commit securities fraud and was sentenced to three years probation and 500 hours of community service.

The two completed their courses on Monday -- we're hoping they celebrated at a reasonably priced restaurant.

20 COMMENTS

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1.

amazon_woman    

Don't care

1225 days ago
2.

thehoch    

What a real piece of CHIP!

1225 days ago
3.

joey _ I love TMZ 'til ya piss me off!    

It seems like it's always actors that play cops that get into trouble. weird.

1225 days ago
4.

robert farrar    

Like they say "WHEN THE CHiPS ARE DOWN YOU FILE FOR BANKRUTCY". I GOT A MILLION OF THESE SAYINGS HARVEY, WANNA SIGN ME UP?

1225 days ago
5.

Superman    

Somebody not famous would get at least 5 years in prison for the same offense!!

1225 days ago
6.

MIDNIGHT TOKER    

where is ponch when you need him?

1225 days ago
7.

Meanie    

Only sorry after they get caught.

1225 days ago
8.

SUN    

Community service!? lol Man, California is certainly the place to live... You can committ fruad, mow people over with your cars, and walk away scott-free.

1225 days ago
9.

Norba    

TMZ can you say what debt school this was -

And if it's open and available to the public?

Norba

1225 days ago
10.

Sonja    

So they set up a fake/criminal company to try and defraud people of their money, they get caught, file bankruptcy so they won't have to actually pay for anything and then get sent to Personal Financing School? Sounds more like they were rewarded and trained than punished.

1225 days ago
11.

grannyj    

GOOD NO THEM.....Who cares how they hold it together???? Give these folks a pass.....live and learn....much harder under the eye of the press......

1225 days ago
12.

Maverick    

His wife is pretty hot.

1225 days ago
13.

Sociopaths are Sad    

They look like one of those "brother/sister" couples. Gross.

1225 days ago
14.

Sandra     

Losers!!

1225 days ago
15.

Telstar    

A disgrace to the Force. Turn in your prop gun and phony badge to the wardrobe Captain, and resign yourself to being a fake private ****.

1225 days ago
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