A Gibsonia man was charged in federal court after he engaged in nearly 200 trades of Dick’s Sporting Goods securities on the New York Stock Exchange, according to the Department of Justice.

Frank T. Poerio Jr., 62, was charged with four counts of securities fraud, according to a news release published Friday, May 10. He faces up to 20 years in prison and the possibility of being fined $5 million in connection to each count.

The department said Poerio obtained material nonpublic information from a Dick’s Sporting Goods employee to conduct the trades between August 2019 and May 2021. According to the release, the employee worked in a data analytics role at the company’s corporate offices in Moon Township.

Poerio gained $823,000 in profit from the trades, according to the DOJ.

The release indicated several of the trades happened before the sporting goods company released periodic earnings statements, when Dick’s employees were prohibited from trading in the company’s securities.

Assistant United States Attorney Gregory C. Melucci will prosecute the case.