“ChiPs” star admits to fraud charges in Miami after feds accuse him in Penny Stock scam

The former star of the “CHiPs” television show has agreed to plead guilty to charges in connection with stock fraud in Miami, the South Florida Business Journal reported.

The investment fraud case is the latest in a long string of white collar crimes in Miami reported on by our Miami criminal defense lawyers. Larry Wilcox, 63, who played officer Jonathan Baker on the hit TV show, admitted to conspiring to defraud a pension plan of $40,000 and could face up to 5 years in prison and a $250,000 fine.

Wilcox lives in southern California but traveled to South Florida to meet with informants and undercover FBI agents before being charged, the Business Journal reports.

Authorities allege that Wilcox was the CEO of UC Hub Group, a Delaware corporation that fronted itself as an operator of gold mines. He also controlled millions of shares in the company. Wilcox allegedly traveled to South Florida in January and February of 2009 and met with a confidential source of the FBI who was posing as a representative of a pension fund.

Wilcox allegedly told the informant that, if he bought stock in Wilcox’s company at inflated prices, that Wilcox would pay him a 40 percent kickback fee. Wilcox reportedly received several $20,000 payments and returned $8,000 checks to a Coral Springs address.

As part of the investigation, nine other defendants were charged with securities fraud and related charges for manipulating microcap stocks.

Three other South Florida men were also charged:

-Jean Charbit, 65 of Miami, was charged with conspiring to manipulate the publicly quoted share price and trading volume of ZNext Minig Corp.

-Anthony Mellone, 53, of Pompano Beach, was charged with engaging in a scheme to pay kickbacks to a pension fund.

-Jeffrey Galpern, 41, of Boca Raton, was charged with engaging in a scheme to manipulate the publicly quoted share price and trading volume of Crystal Properties Holdings.