U.S. Attorney zeroing in on ex-FrontPoint Hedge Fund Manager

June 24th, 2011
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A hedge fund manager charged last April with securities fraud is now in the sights of US Attorney, Preet Bharara of Manhattan. According to Bloomberg News, Chip Skowron, formerly with FrontPoint Partners, LLC, violated securities laws by obtaining inside information that prevented his hedge fund from losing millions of dollars. Preet, who is leading similar investigations across the country, has successfully prosecuted 44 out of 49 cases. Since the initial charge in April, prosecutors have sought several extensions from the court to purse a final disposition of the case. Chip Skowron’s attorney’s are in active discussions with the prosecutors.
For Detailed Investor Profiles on these Investors, click below:
FrontPoint Partners
Related People: Daniel Waters; Gil Caffray*; James G. Webb; Michael John Kelly; Paul Ghaffari*; Philip Duff*
Related Entities: FrontPoint Consumer and Industrials; FrontPoint Financial Services; FrontPoint Healthcare; FrontPoint Quantitative Macro; FrontPoint Volatility Opportunities; Morgan Stanley Investment Management
Related Article Tags: Hedge Fund Fraud and Ponzi Scheme News

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