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Business News Legal
Former Pearl Jam finance man jailed
By Chris Cooke | Published on Monday 3 March 2014
Pearl Jam’s former financial officer was jailed for fourteen months last week after admitting in a Seattle court late last year that he embezzled $380,000 of the band’s money.
As previously reported, Rickey Goodrich joined Pearl Jam Touring Co in 2005 as accountant and financial manager, a year later moving to the group’s management company Curtis Management to oversee all financial matters relating to Pearl Jam’s touring activity and fan club. He was fired in September 2010, after the theft of $380,000 from the band’s accounts was uncovered by a private investigator hired by the company to look into “cash flow issues” the previous year.
The jail term is at the upper end of what prosecutors had called for, even though Goodrich has started to pay the stolen funds back, though he still owes over half the money he took from the band. The former accounts man was given two weeks to sort out his affairs before starting his jail term.
