Pearl Jam exec ‘stole $380,000′
A former financial executive with Pearl Jam is accused of stealing $380,000 in 33 separate offences over four years.
Rickey Goodrich, 54, was sacked in 2010 after the band’s manager Kelly Curtis investigated “cash flow issues” and discovered he’d been paying lump sums into his own accounts.
Police estimate the total cost of his offences, including expenses related to investigation, is over $560,000.
Pearl Jam hired Goodrich in 2005 as their accountant. The following year Curtis Management took him on as the band’s chief financial officer with responsibility for and access to all their funds. He was also involved with managing their fan club.
He’s alleged to have transferred cash to his own bank account and that of his wife, and to have used company credit cards to pay for family holidays and personal expenses to the tune of $134,000.
When Curtis confronted Goodrich with the evidence, he first said the transactions were “loans” which he’d repaid. It was then found he’d returned only $55,000 – and he finally admitted to owing Pear Jam $300,000.
Curtis says: “We are deeply saddened by this situation but we’re looking forward to a resolution.”
Goodrich will appear in King County Superior Court in Seattle on June 28 to enter a plea over 25 counts of first-degree theft and eight counts of second-degree theft.