Chip Skowron

Chip Skowron
Chip Skowron
Born	Joseph F. Skowron III; 1968 or 1969 (age 54–55); Cocoa, Florida
Alma mater	Vanderbilt University; Yale University Medical School; Yale Graduate School;
Occupation	Hedge fund portfolio manager
Employer	FrontPoint Partners LLC
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.;
Criminal charge(s)	Conspiracy to engage in insider trading and obstruction of justice
Criminal 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).
Criminal status	Convicted; released from prison after serving term
Spouse	Cheryl
Children	two daughters; two sons

Joseph F. "Chip" Skowron III (c. 1968) 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. He was also required to repay his hedge fund employer $32 million it had paid him in compensation, because he had been a “faithless servant.”

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