The scheme involving actor Larry Wilcox was one of several
kickback operations run by more than a dozen small-company stock
promoters, the Securities and Exchange Commission said Thursday.
The SEC charged Wilcox and the others in lawsuits filed in Miami
federal court. The 63-year-old Wilcox, of West Hills, Calif.,
played Officer Jonathan "Jon" Baker on "CHiPs."
The SEC says the promoters were caught in an FBI undercover
sting operation offering to pay kickbacks to pension-fund managers
or stockbrokers for using their clients' funds to buy penny stocks.
Wilcox's lawyer didn't immediately return a telephone call