Every Friday, we choose an alum who has been making headlines—for better or for worse.
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1/15/11: Joseph “Chip” Skowron III ’98MD, ’00PhD

Joseph “Chip” Skowron III ’98MD, ’00PhD, has a lot of letters after his name. This week, his lawyer says he would like to add a few more: not guilty.

The physician and cell biologist, who left the medical field to work as a hedge fund manager, turned himself in to federal authorities April 13 on insider-trading charges. Skowron allegedly gave bundles of cash to a French doctor who provided inside information about a disappointing drug trial. Skowron—then at FrontPoint Partners—sold off stock in the drug’s developer, avoiding $30 million in losses.

criminal complaint accuses Skowron of securities fraud and obstruction of justice. He also faces civil charges from the Securities and Exchange Commission.

“Dr. Skowron intends to plead not guilty,” says his lawyer, James J. Benjamin Jr. of Akin Gump Strauss Hauer & Feld, in a statement. “We look forward to responding to the allegations more fully in court at the appropriate time.”

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