FrontPoint's Skowron Charged In Insider-Trading Case

Apr 13 2011 | 11:18am ET

FrontPoint Partners healthcare chief Joseph Skowron was arrested today and charged with insider-trading.

According to prosecutors, he used confidential information about Human Genome Sciences supplied by a French doctor, who advised the pharmaceutical, to help his hedge funds at FrontPoint avoid $30 million in losses. Skowron's alleged tipster, Yves Benhamou, a prominent nephrologist, pleaded guilty on Monday as part of a deal with prosecutors, the U.S. Attorney's office in New York said today.


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