Wall Street was beginning to forget about Joseph “Chip” Skowron III, who after being investigated for insider trading last November seemed to have managed to avoid the arrests that have ensnared the rest of Wall Street. Then the news broke that he’d turned himself into the FBI.
Dr. Skowron left a residency at Harvard to go work in finance. He started at Steve Cohen’s SAC Capital Partners, then joined FrontPoint, where he managed a $1 billion health care fund. After the investigation in November, his fund was shuttered. The Wall Street Journal reported in November that he had applied to renew his medical license for practice in Connecticut.