Disgraced hedge funder’s Greenwich home cuts asking price again

Almost eight years after being sentenced to five years in federal prison following a guilty plea to insider trading charges, Joseph “Chip” Skowron III has found it difficult to immerse himself again in high-society Greenwich, Vanity Fair reported. Skowron, who was released from prison in November 2015, put his nearly 11,000-square-foot mansion at 16 Doubling Road on the market in May 2018 with an $11.7 million ask. Christopher Fountain, the Greenwich realtor-cum-provocateur behind the For What It’s Worth blog, noted a month later that the home quickly trimmed its ask by $1 million with federal prosecutors holding a lien of nearly $16.4 million on the property. The nearly three-acre estate took another price cut in March, to $9.7 million, until slashing its price tag again in late June, to $8.9 million. Jill Tighe Kelly of Sotheby’s International Realty has the listing. [Vanity Fair]