Friday, June 22, 2012

Former Pearl Jam accountant charged with stealing $380,000 from band

A former member of Pearl Jam’s management team has been charged with 33 counts of theft after allegedly stealing $380,000 from the band.

The Seattle Times reports Rickey Goodrich was charged with 33 counts of theft, according to charging documents. He is due to appear for arraignment June 28 in Seattle’s King County Superior Court.

Charged with 25 counts of first-degree theft and eight counts of second-degree theft, Goodrich is accused of bilking the band's management company out of at least $380,000 between October 2007 and June 2010, when his alleged embezzlement was discovered by another band accountant, charging papers say.

Goodrich was hired by Pearl Jam Touring Co. in 2005; the next year he was named chief financial officer for Curtis Inc., the management company owned by the band's manager, Kelly Curtis, the papers say.

Curtis Inc., and not the band, is the named victim in all 33 counts, the papers show.

According to the charges, Goodrich used funds from Curtis Inc. to repeatedly make payments on his wife's American Express account and to pay for credit-card charges he racked up at wineries, hotels and spas. He also made a number of unauthorized wire transfers and spent $5,765 on a personal life-insurance policy, the documents say.

Unauthorized charges on a company credit card were made by Goodrich to a number of businesses, including, iTunes, hotels and restaurants, and to purchase airplane tickets for himself and family members, according to charging papers. He also allegedly used some of the money to pay vendors associated with two companies he owns, the papers say.

In August 2009, Pearl Jam removed Goodrich as tour accountant "due to a series of late and incomplete accounting," including an unaccounted balance of $35,000 related to a 2005 tour, the papers say.

Goodrich, who has no criminal history, could face 3 ½ to nearly 5 years in prison if convicted.

Pearl Jam Pearl Jam

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