Hedge-fund manager, major McCain donor bought confidential information, saved $30M: prosecutors

``A hedge-fund manager who was a major donor to John McCain's presidential run bought confidential information about a drug trial that saved him $30 million in investments, federal prosecutors said Wednesday. Joseph (Chip) Skowron III, a medical doctor and manager at FrontPoint Partners, faces conspiracy, security fraud and obstruction of justice charges for profiting from inside trading on a failed hepatitis C drug, according to a criminal complaint filed in Manhattan Federal Court.''