Officer Jon From CHiPs Charged With Securities Fraud


The SEC has charged Larry Wilcox, along with several other people, with paying kickbacks to corrupt money managers or stockbrokers as part of a penny-stock scheme.

In each instance, the Defendants attempted to conceal the kickback by entering into a consulting agreement with a phony company the trustee purportedly created to receive the kickback. Unbeknownst to the Defendants, the company was a fiction the FBI created for this sting.

You would think he would have guessed they were being framed, given his background in law enforcement. That's gotta sting.

SEC Charges Penny Stock Promoters in Series of Kickback Schemes [SEC]