An Ivy League-trained doctor-turned-stock-picker has been charged with insider trading, accused of showering a French physician with cash and a luxury trip to New York in exchange for secret details on a biotechnology company. Joseph "Chip" Skowron, who ran healthcare funds at hedge fund firm FrontPoint Partners, appeared in federal court on charges of criminal securities fraud and conspiracy after surrendering on Wednesday morning. Dressed in grey slacks and a blue dress shirt, Skowron did not enter a plea and was freed on $6 million bail, secured by his Connecticut home and co-signed by his wife and two other people. Skowron's lawyer, James Benjamin, said, "Dr. Skowron intends to plead not guilty."
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