Court Watch - POSTED: 2011/04/13 16:10
A Harvard-trained physician who became a health care investment analyst has been charged in New York with evading $30 million in losses for a hedge fund by obtaining inside information from a fellow doctor.
Charges against Joseph Skowron III were announced Wednesday in a criminal complaint unsealed in U.S. District Court in Manhattan.
The Greenwich, Conn., resident is accused of gaining an advantage in his work as a hedge fund analyst through his meetings and conversations with a French doctor who knew inside information about clinical drug trials.
Defense attorney James Benjamin said he had no immediate comment on the charges against his client.