A man from Gibsonia is facing insider trading charges after he allegedly got illegal information from a Dick’s Sporting Goods employee.
62-year-old Frank Poerio has been charged with four counts of securities fraud.
The Department of Justice says Poerio used insider information to make nearly 200 trades of the company’s securities. The trades allegedly netted around $823,000 for Poerio.
The DOJ says Poerio got the information from someone who worked in a data analytics role for Dick’s Sporting Goods.
Poerio faces up to 20 years in prison for each count.
