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Hedge fund manager Skowron might plead guilty

From reuters.com

Former FrontPoint Partners hedge fund manager Dr. Joseph "Chip" Skowron might be preparing to plead guilty, a court filing showed on Tuesday. Skowron, who is free on $6 million bail, was one of the more prominent investors to become embroiled in the government's two-year crackdown on insider trading by hedge fund traders. The Greenwhich, Conn. resident was charged in Manhattan federal court in April with illegally trading on tips he received from a French doctor who worked as a consultant for several drug companies. Skowron did not enter a plea at the time. In the court filing, federal prosecutors from the Manhattan ... (full story)

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