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hugh_jackoman

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hugh_jackoman

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Friday, 01/28/2011 4:07:53 PM

Friday, January 28, 2011 4:07:53 PM

Post# of 7197
'CHiPs' star gets probation for securities fraud

http://apnews.myway.com/article/20110128/D9L1IA7O0.html

Federal regulators said the promoters were caught in an FBI undercover sting operation in South Florida offering to pay kickbacks to pension-fund managers or stockbrokers for using clients funds to buy penny stocks.

Wilcox cooperated with federal authorities, providing information to help identity the roles of two others involved in the scheme, according to federal prosecutors.

"We believe his conduct substantially assisted us," said U.S. Attorney Ryan O'Quinn.

Wilcox pleaded guilty in November to securities fraud conspiracy and recently filed for bankruptcy.
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