Their former accountant allegedly treated his wife to lavish holidays on the band's credit cards, but it all unravelled when their managers found out.
Posted on Jun 20, 2012 02:15 pm
A former financial executive for Pearl Jam has been charged after allegedly stealing over $380,000 from the band since 2005.
Rickey Goodrich started as the band accountant in 2005, and within a year he was given full responsibility of their funds. Little did they know, Goodrich was allegedly transferring cash to his account, to his wife, and paying for family holidays with band credit cards.
When the band's managers confronted him after finding evidence, he initially claimed they were personal loans which he repaid. But money always leaves a trail, and accounts showed that he had only paid back $55,000. It was only then that he allegedly admitted to owing the band another $300,000, according to Classic Rock.
Now, after being fired in 2010, Goodrich is awaiting a court appearance in Seattle on June 28, where he faces 25 counts of first-degree theft and eight of second degree theft.
Meanwhile, the band are busy working on their latest album. In March, guitarist Stone Gossard updated fans to say it was nearly finished, but there was plenty of work left.
"We really want to finish a record this year," said Gossard. "[It's] now between half and three quarters done, but we got some new material and we're excited about hopefully doing some more work on that later in the year."