General News

CHiPs star Wilcox hit with fraud charges

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Oct 08, 2010 | 5:00am EDT

The actor stands accused of being part of a bogus company created to generate fake stock sales.

According to TMZ.com, officials at the Securities and Exchange Commission have charged Wilcox and his associates with allegedly manipulating the volume and price of penny stocks to illegally generate stock sales.

The SEC is asking for an injunction against Wilcox, as well as financial penalties.

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