Joseph Queri Jr., former vice president of real estate at Dick's Sporting
Goods, was sentenced on Tuesday to more than three years in prison for taking $2 million in kickbacks over seven years, according to
syracuse.com.
U.S. District Judge David Hurd sentenced Joseph Queri Jr., a Syracuse resident, to 41 months in prison for fraud and money-laundering.
Queri, 53, of Pittsburgh, admitted that from 1999 through 2005, when he
was Dick's vice president of real estate, he took kickbacks from
developers and landlords involved in the development of stores in the
Northeast, South and Midwest. Hurd ordered Queri to pay $325,000 in
restitution and to forfeit $1.4 million in assets.
Federal agents with the FBI and IRS discovered the kickback scheme as
they were investigating an insider trading case. The U.S. Securities and
Exchange Commission sued 16 men in 2008 over allegations that Queri
leaked information that Dick's was on the verge of buying Galyan Trading
Co. Inc. in 2004.
