Former Pearl Jam Accountant Faces 14-Month Prison Sentence

artist: pearl jam date: 03/04/2014 category: general music news
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Former Pearl Jam Accountant Faces 14-Month Prison Sentence
Rickey Charles Goodrich, the accountant who lost his job as the chief financial officer for Pearl Jam's management company after the band discovered hundreds of thousands of dollars missing from its coffers, has been sentenced to serve 14 months in prison, Ultimate Classic Rock reports.

Although his fate has been determined, the Seattle Times reports that Goodrich still has two weeks to "get his financial affairs in order." Saying his main concern is that Goodrich pay back the more than $300, 000 he embezzled from the band to "pay personal debts and fund lavish family vacations, spa treatments, life insurance and pricey California wines," Superior Court Judge Roger Rogoff said, "There is nothing more devastating to an organization than someone who takes money from the inside."

Goodrich's legal defeat concludes what once seemed like a promising career in the Pearl Jam fold. Hired by the band's touring company in 2005, Goodrich was appointed CFO of their management corporation, Curtis Inc., by manager Kelly Curtis the following year. But by 2009, "a series of financial discrepancies" led to Goodrich being relieved of his duties as tour accountant - and then in 2010, when he filled in for the band's new tour accountant, those discrepancies started anew.

According to the Seattle Times' report, the band realized $15, 000 in "road cash" was missing, which Goodrich claimed had been paid out as road bonuses to the crew - none of whom had actually seen the money. Confronted about the missing funds after the tour, Goodrich "repaid the band $45,000 for so-called loans he paid to himself by forging Curtis' signature," and was ultimately fired in September of that year. Since then, attorneys say he's continued to cut down his debt to Pearl Jam; the article states that at the time he filed his guilty plea last December, he'd paid back $125,000.
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