Something seemed wrong with Pearl Jam’s accounts. Over the course of about four years, $380,000 had gone missing. Cash flow issues? Aging A/R that was out of control? A bookkeeping error? No. Embezzlement.
Back in June, King County prosecutors filed charges against Rickey Charles Goodrich, the former CFO of Curtis Management (Pearl Jam’s management company), alleging he used his position to bilk the band out of nearly $400K over four years.
After he was fired in September 2010, investigators found a number of wire transfers out of the company’s account to Goodrich’s, apparently for paying off his personal debts.
Caught with the evidence, Goodrich has pleaded guilty. Sentencing is still pending.
(Via Seattle Weekly)