The actor who helped Ponch put bad guys behind bars on "ChiPs" is lucky he won't spend time in a cell himself after he was given a slap on the wrist in a Fort Lauderdale courtroom Friday for pleading guilty to securities fraud.
Larry Wilcox will spend three years on probation and will serve 500 hours of community service, a Federal judge ruled.
Wilcox allegedly organized a kickbacks scheme that would see him profit from an employee pension fund. The California resident traveled to South Florida to meet with undercover FBI agents participating in a sting.
Wilcox pleaded guilty to federal charges in November. He was facing as much as five years in prison.
The 63-year-old Wilcox starred as Jon Baker on the prime-time cop drama based on the California Highway Patrol. While Erik Estrada's Ponch character gained much of the glory during the show's five-year run of success, Baker left the TV series before its final season in 1982.