Pearl Jam's Former Chief Financial Officer Charged with Stealing $380,000 from Band
Published Jun 19, 2012In a story that's bound to sound all too familiar to Leonard Cohen, Pearl Jam's chief financial officer has been charged with stealing hundreds of thousands of dollars from the band.
Rickey Charles Goodrich, who worked for Pearl Jam from 2005 to 2010, has been charged with 33 counts of theft. According to the Seattle Post-Intelligencer, 54-year-old Goodrich, who served as chief financial officer at Pearl Jam's management company Curtis Inc., stole $380,000 from the band.
Adding in the subsequent investigation, Seattle police claim the alleged crime cost Pearl Jam $566,000. Goodrich apparently admitted to owing the band a large sum of money, but has not yet officially entered a plea.
Prosecutors claim that Goodrich transferred money out of company accounts to pay off his own debts and used the band credit card for personal expenses. Detective Stacy Litsjo said, "These unauthorized charges included Amazon.com, various hotels, restaurants, iTunes, and airplane tickets for himself and family members, various retail stores and vendors."
Goodrich's financial behaviour ultimately aroused the suspicions of the band and he was fired in 2010. He is expected to enter his plea on June 28. Prosecutors have not requested jail time.
Meanwhile, Pearl Jam are presumably still working on their next LP.