16 Facts About Chip Skowron

Chip Skowron was convicted of insider trading, for which he served five years in prison.

Chip Skowron earned his undergraduate degree from Vanderbilt University in 1990.

Chip Skowron then attended and graduated from Yale University Medical School in 1998 with a medical degree, and from Yale Graduate School with a doctorate in cellular biology.

Chip Skowron spent three years in an orthopedic residency at Beth Israel Deaconess Medical Center, one of Harvard Medical School's teaching hospitals, leaving in 2001 before finishing the residency.

Chip Skowron has a wife, Cheryl, and two daughters and two sons.

Chip Skowron then became a hedge fund co-portfolio manager of Greenwich, Connecticut-based FrontPoint Partners LLC's health care funds.

Chip Skowron joined FrontPoint in 2003, co-founding its health care team and taking on the title of managing director at Morgan Stanley, its owner, which bought the firm for $400 million in 2006.

Chip Skowron was paid in part based on the performance of the funds he managed, earning $13.5 million in 2007 and $7 million in 2008.

Chip Skowron was charged with securities fraud and conspiracy to obstruct justice by the US Attorney for the Southern District of New York.

At first Chip Skowron denied the charges against him, and his defense attorney said he would plead not guilty, saying "We look forward to responding to the allegations more fully in court at the appropriate time".

Chip Skowron's wife asked the judge to be lenient with him, saying her husband didn't realize he was doing anything that could result in him going to prison.

Chip Skowron agreed to forfeit $5 million to the government and pay a $2.7 million SEC penalty.

Chip Skowron, sentenced in November 2011 by Judge Denise Cote to, and served, five years in federal prison at medium-security Schuylkill Federal Prison Camp in Minersville, Pennsylvania.

Chip Skowron was released in 2017, subject to three years of supervised release.

Chip Skowron was prohibited from working in the securities industry.

FrontPoint, which was spun off from Morgan Stanley, stressed that the FrontPoint Healthcare Funds were not charged with any securities law violations, and that Chip Skowron breached FrontPoint's compliance policies and Code of Conduct.