Pearl Jam accountant stole $400k from band
A fired Pearl Jam executive has pleaded guilty to stealing nearly $400,000 from the band who employed him.
Rickey Charles Goodrich, 55, was responsible for thefts totalling £380,000 in the four years before he was sacked in 2010. In total he cost the band $566,000 once investigative expenses are added to the bill.
Goodrich has admitted guilt to six counts of first-degree theft and he’ll be sentenced in February. It’s thought he’ll go to jail for six months – but if he hasn’t paid back everything he stole, the sentence could be 14 months.
He was employed in 2005 as Pearl Jam’s accountant and financial officer, then became part of their management company the following year, with access to their tour and fan club funds.
By 2009 the management team was conceded about irregularities in the accounts. It was later discovered Goodrich has transferred money from several band accounts to cover his own debts, and had used company credit cards to buy holidays, wine and other personal items, totalling $134,000.
Goodrich – who has so far repaid $125,000 and agreed to deliver another $181,000 – pleaded not guilty when he originally appeared in King County Superior Court, Washington, in July. He’ll return to hear his sentence on February 21.
Pearl Jam play two UK shows in 2014 as part of their European tour in support of latest album Lightning Bolt.
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