After pleading guilty over the summer, Skowron was sentenced to 5 years in prison today.
This was the case of Skowron and French physician, Yves Benhamou who worked at Human Genome Sciences.
Skowron knew better, but he did not know the price his crimes would have on his family.
Skowron, from Shelley Gardens, Wembley, north London, was convicted for causing death by dangerous driving and conspiracy to commit fraud.
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The then 24-year-old Cpl Skowron was one of just 182 Polish soldiers defending the military transit depot on the Westerplatte peninsula.
Once Skowron got that information, he quickly sold his Human Genome stock, which dropped 44% after the announcement according the NY Times, DealBook.
Clearly, Skowron had to know of this case and the consequences.
"I took the telescope and looked out at the channel, first right, then left and then at the cruiser which was moored in the bay, " Ignacy Skowron remembered.
Benhamou, who has pled guilty and awaits sentencing, tipped off Skowron that a hepatitis drug that Human Genome was working on had run into problems during its drug trials.
It is not like people have not tried this type of scheme before, so there were lessons that Skowron could have learned from to prevent this error in judgement.
But even being a hedge fund manager at FrontPoint (owned by Morgan Stanley) was not enough, Skowron took to insider trading to make sure he was the best hedge fund manager out there.
In addition to getting this hot stock tip, Skowron also admitted to lying to the Securities and Exchange Commission when they came to question him about the expert timing of his exit from Human Genome.
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