Rickey Charles Goodrich, Pearl Jam's former accountant, pleaded guilty Thursday to charges that he swindled more than $300,000 from the rock band to fund luxury vacations and pay off his personal debts.
According to the Seattle Times, Goodrich, 55, admitted to six counts
of first-degree theft as part of a plea deal with prosecutors. His Feb. 21 sentencing will depend on the amount of restitution paid back. So far, Goodrich has paid back $125,000. If the balance of his restitution, $181,000, is paid back before sentencing, Washington prosecutors will recommend a six-month jail term. If not, Goodrich faces 14 months.
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Pearl Jam Touring Co. hired Goodrich in 2005 and he was promoted to chief financial officer for the band's management company, Curtis Inc., the following year. Over the next few years, Goodrich allegedly used company credit cards and funds to buy a $5,765 personal life insurance policy, indulge in lavish spa treatments, visit expensive California wineries, purchase airline tickets for his family, and pay his wife's American Express bill.
The band initially removed Goodrich as head tour accountant in 2009, when he couldn’t account for a $35,000 balance related to a 2005 tour. He filled in as tour accountant again in 2010 but new problems arose when Goodrich couldn’t justify a $15,000 "road cash" disbursement he claimed was split among the band members.
Pearl Jam confronted Goodrich in May 2010 and he reportedly paid back $45,000 in "loans" he says he granted himself by forging the owner of Curtis Inc.'s signature, according to court documents.
He was fired in September 2010 and charged with theft in 2012.
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