‘CHiPs’ Star Confesses to Tax Fraud; Will Be Sentenced in January

Nov 8, 2010  •  Post A Comment

One of the stars of the 1970’s cop show "CHiPs," confessed to tax fraud and accepted a plea deal on Friday in Fort Lauderdale federal court, reports BizJournals.com.

Officer Jon Baker, who was played by the actor Larry Wilcox is the culprit.

According to the story, "As part of a July 2 plea agreement, Wilcox admitted to conspiring with others to defraud a pension plan of $40,000. According to charging documents, Wilcox was CEO of UC Hub Group, a Delaware corporation that purportedly operated gold mines."

In a sting operation, Wilcox met with an undercover Federal agent, when, the story says, "Wilcox allegedly agreed that, if the undercover agent bought stock at inflated prices, Wilcox would pay him a 40 percent kickback fee."

According to the article, Wilcox plead guilty to one count of conspiracy to commit securities fraud. As part of the deal Wilcox made, he is not going to appeal the ruling. Sentencing will be on January 28, where Wilcox could receive to five years in prison and a $250,000 fine, the story says.

Below is a picture of Wilcox, right, with "CHiPs" co-star Erik Estrada, taken when they starred in the series.


One Comment

  1. forex is easier but its risky compared to stock. Easy, why? because in forex, you can trade at your own comfort. It is available 24 hours a day, 5 days a week. So basically, you can trade at your convenient time. Risky, why? Currency value change so fast. you can earn money in a short time but could also lose in a blink of an eye.

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