Former CHiPs Star Charged With Securities Fraud
The SEC alleged that Wilcox and at least a dozen others were engaged in "various illicit kickback schemes to manipulate the volume and price of microcap stocks and illegally generate stock sales."
The penny-stock promoters were caught in a sting operation.
"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," the SEC said.
The agency lists Wilcox's company as UC Hub Group Inc.
Wilcox played Jon Baker, a motorcycle cop, in "CHiPs", which ran from 1977 to 1983.