ChiPs star Larry Wilcox avoids jail time after being convicted of fraud

Probation: Larry Wilcox has got away with no jail time for a fraud conviction

Probation: Larry Wilcox has got away with no jail time for a fraud conviction

He was the star of the iconic 1970's television show ChiPs about two California Highway Patrol motorcycle officers.

But actor Larry Wilcox narrowly escaped the long arm of the law himself today after being sentences to three years probation for securities fraud - avoiding possible jail time.

The 63-year-old actor, who starred alongside Erik Estrada in the much loved show, faced a possible five years in jail for conspiracy to commit securities fraud after being caught in an FBI sting operation in Florida.

He was also ordered to pay a $100 fine and carry out 500 hours of community service.

'I think we got an individual who is truly remorseful,' US District Judge James Cohn said.

CHIPS: Larry wilcox seen alongside Erik Estrada in the hit TV show

CHIPS: Larry wilcox seen alongside Erik Estrada in the hit TV show

'He should not be punished because of his celebrity status.'

Wilcox played Officer Jonathan 'Jon' Baker on the show, opposite Erik Estrada as Officer Frank 'Ponch' Poncherello.

Wilcox left the show a year before it ended its NBC run from 1977-83.

He wiped away tears as he addressed the court before sentencing.

'I spent 63 years putting my signature on my life,' Wilcox said after clearing his throat to speak to the court.

'I betrayed my core values with what I did. I am deeply sorry,' he said.