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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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16.

McG    

He invested all those CHiPs residuals in...oh wait, he didn't get any. I'm just laughing as I recall his horrible hairstyle from that show, c'mon, some of you remember it!

1192 days ago
17.

If sense were common everyone would have it.    

I always liked him better than Estrada.

1192 days ago
18.

en Todo Momento!!    

only white people...only white people are gonna try and pull some 'stock market scheme'. anyone else would get busted, just even THINKING!! of it! can you imagine: 'hey DeMonté! let's go bust the stock market!!' yeah, right.

1192 days ago
19.

Scott    

That's his wife? They look like brother and sister!

1191 days ago
20.

Madison    

I guess Larry and his wife will fine more secretive ways to steal your maoney now.
Kinda like putting the fox in the chicken coop.

1049 days ago
Previous 15 Comments | 1 | 2

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