Scammer Chip Skowron
Fraudster Chip Skowron
Details |
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| Name: | Chip Skowron |
| Other Name: | |
| Born: | 1968 |
| whether Dead or Alive: | |
| Age: | 52 |
| Country: | Florida |
| Occupation: | Hedge fund?portfolio manager |
| Criminal / Fraud / Scam Charges: | Conspiracy to engage in?insider trading?and?obstruction of justice |
| Criminal / Fraud / Scam Penalty: | Five years in prison followed by three years of supervised release; $5 million to be paid to the government; $2.7 million SEC penalty; restitution to be paid to Morgan Stanley for legal fees ($3.8 million) and 20% of his compensation ($6.4 million). |
| Known For: | Convicted for insider trading;Required to pay back his employer $31 million?100% of the compensation he earned?because his insider trading resulted in him being a "faithless servant" under New York law. |
Description :
Joseph F. ?Chip? Skowron III is an American former hedge fund co-portfolio manager of FrontPoint Partners LLC's health care funds. He was convicted of insider trading, for which he served five years in prison.
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