Former Dick's Sporting Goods executive Joseph Queri Jr. jailed for three years, ordered to pay US$325,000 in restitution, forfeit assets worth $1.4M for collecting $2M in kickbacks from 1999-2005
Cindy Allen
LOS ANGELES
,
January 19, 2012
(Industry Intelligence)
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On Jan. 18, Joseph Queri Jr., a former vice president of real estate at Dick’s Sporting Goods Inc., was jailed for three years, ordered to pay US$325,000 in restitution and forfeit assets worth $1.4 million for collecting $2 million in kickbacks from 1999-2005, the North County Gazette reported Jan. 18.
Queir admitted that he had accepted kickbacks from landlords and developers involved with Dick’s stores located in the Midwest, the Northeast and the South.
The kickbacks were uncovered by federal agents with the IRS and FBI during an investigation into alleged insider trading.
The primary source of this article is the North County Gazette, Chestertown, New York, on Jan. 18, 2012.
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