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‘CHiPs’ meets ‘The Wire’: Larry Wilcox went undercover!

Larry Thomas Kaplan of the New York Times passes along details on the latest twist in the case of former “CHiPs” star Larry Wilcox:

… The Securities and Exchange Commission and the Justice Department accused Mr. Wilcox and several others last week of securities fraud, saying they had paid illegal kickbacks in order to manipulate the share prices of penny-stock companies, Mr. Wilcox’s being a California operation called the UC Hub Group.

But what federal prosecutors did not say was that in regard to the criminal charges against him, Mr. Wilcox, 63, pleaded guilty months ago – and agreed to go undercover to assist federal law enforcement officials with their investigation.

On July 2, according to a court filing made public last week, Mr. Wilcox pleaded guilty to one count of conspiracy to commit security fraud, for which he now faces up to five years in prison. The news release issued by the United States attorney’s office in the Southern District of Florida last week announcing the complaint against Mr. Wilcox and others made no mention of that fact his case had already been resolved.

But even more interestingly, as part of that plea agreement, Mr. Wilcox agreed that – if asked by prosecutors – he would work “in an undercover role to contact and negotiate with other individuals under the supervision of, and in compliance with, law enforcement officers and agents.” (While Mr. Wilcox’s plea was reported last week, that passage was pointed out Monday by Debbie Schlussel, a conservative blogger and lawyer.) …

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