Accountant Steals from Pearl Jam

Rickey Charles Goodrich served as the accountant for the band Pearl Jam. He was hired in 2005. In 2006 he was named the CFO of Curtis, Inc. the company owned by the band’s manager Kelly Curtis. His responsibilities involved overseeing touring activities, the fan club and the band’s finances.

In 2009 after a series of events that included late and incomplete accounting events, Goodrich was removed as the band’s accountant. At that time, included in the issues was a missing sum of $35,000. For a time the issues seemed to go away. Goodrich was asked to fill in as tour accountant again in 2010 and the issues reappeared.

It was soon discovered that Goodrich took ‘loans’ for himself and forged Curtis’ signature. He initially paid back a sum of $45,000. An investigator then discovered that from 2007 to 2010 Goodrich had misused the bands’ funds by paying his own personal debts. These debts included credit card bills, a life insurance policy and vacations for his family.

It is believed that the money he took while acting in the role of accountant was more than $300,000 and possibly over $500,000. Goodrich plead guilty to six counts of theft and has agreed to pay the money back. So far he has returned $125,000. He has promised to pay an additional $181,000 before February 21st. If he keeps his word on the payments, the state will seek a six-month prison sentence.

 

 

Posted on January 14, 2014 at 10:00 AM