|Claim to Fame: Starred alongside Erik Estrada as a motorcycle cop on TV’s CHiPS
Investing Resume: President and CEO of penny stock mining and oil drilling firm, The UC Hub Group. (PINK: UCHB)
The Payoff: According to the SEC, Larry Wilcox and 11 others have been investing in bribes and kickbacks to boost UC Hub’s share price — among other microcap stocks. Specifically, the SEC claims Wilcox ran “schemes generally involved the payment of kickbacks to purportedly corrupt pension fund managers or stockbrokers, who would use their clients’ accounts to purchase the publicly traded stock.” The funny thing is, if that’s true he’s been doing a mighty poor job — because aside from a fleeting spike to two cents per share in May before the market crashed, UC Hub has been struggling to trade for more than a penny all year. We can only assume that from here on out, he’ll be investing in a good lawyer.
|Daily Trader’s Alert — Yours FREE!|