Actor Larry Wilcox got off with a slap on the wrist for his role in a securities fraud scam.
The former star of “CHIPS” was sentenced to three years of probation and 500 hours of community service.
Larry Wilcox pleaded guilty in November to one count of conspiracy to commit securities fraud. The former actor faced up to five years in jail.
Prosecutors recommended only one year in jail because Wilcox had aided in arrested others involved in fraud.
But Judge James I. Cohn did not give him jail time because of the considerable amount of community service he had provided in the past.
“I think we’ve got an individual who is truly remorseful,” Judge Cohn said. “The court does not want to send the wrong message but I don’t think Mr. Wilcox should be sentenced because of his celebrity status.”
Wilcox, 63, said he is in financial ruin, which prompted his engaging in illegal conduct.
“I think my actor’s pride and ego led me into areas well beyond my ability to perform,” Wilcox stated.
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