Breaking News: FrontPoint Manager Charged With Securities Fraud

As reported by SASC (Student Access Student Choice Coalition)

Firm’s Leadership Accesses Government Officials & Profits From "Gainful Employment" Rule

The New York Observer Headline: "Steve Eisman’s $7 Billion Hedge Fund FrontPoint On Death’s Door" (Max Abelson, "Steve Eisman’s $7 Billion Hedge Fund FrontPoint On Death’s Door," The New York Observer, 11/26/10)

FrontPoint Part Of Insider Trading Investigations & Former Manager Charged:

Federal Prosecutors Filed Charges Against Former FrontPoint Manager. "Federal prosecutors have filed securities fraud charges against a former hedge fund manager at FrontPoint Partners, making him the latest target in the government’s sweeping insider trading investigation.  Joseph F. Skowron, the hedge fund manager, who specialized in health care funds, also faces charges for conspiring to hide his role in an illicit trading scheme, according to a complaint filed by federal prosecutors in Manhattan.  Mr. Skowron, known as Chip, surrendered to the F.B.I. on Wednesday."

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