Skowron To Plead Guilty In FrontPoint Insider-Trading Case

Aug 3 2011 | 11:01am ET

Joseph Skowron, the former FrontPoint Partners healthcare manager whose implication in an insider-trading scam helped all-but bring down the once-$7.5 billion hedge fund, will waive his right to be indicted, according to a court filing. Such a move is usually followed by a guilty plea.

Skowron, who was arrested in April, six months after FrontPoint's name emerged as a beneficiary of tips from French doctor Yves Benhamou, has been in plea talks with prosecutors since at least June.


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