Larry Wilcox: "CHiPs" Star Sentenced to 3 Years Probation for Securities Fraud

(CBS/AP) Larry Wilcox, the actor who starred alongside Erik Estrada in the 1970s TV series "CHiPs," has been sentenced to 3 years probation on a securities fraud conviction.

A federal judge in Fort Lauderdale on Friday also ordered the 63-year-old to serve 500 hours of community service.

The Securities and Exchange Commission said the Wilcox was involved in one of several kickback operations run by more than a dozen small-company stock promoters.

They were caught in an FBI undercover sting operation offering to pay kickbacks to pension-fund managers or stockbrokers for using client funds to buy penny stocks.

Wilcox pleaded guilty in November to securities fraud conspiracy. He faced a maximum of five years in prison.

Wilcox played California highway officer Jonathan "Jon" Baker on the show.