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FORMER CFO ALLEGED TO HAVE ROBBED PEARL JAM OF $380K
Point Music News provided by Pulse
6/20/2012

The former chief financial officer of Pearl Jam's management company is accused of stealing $380,000 from the band and its management during a four-year period before he was fired in September 2010. According to the Seattle Post-Intelligencer, prosecutors have charged 54-year-old Rickey Charles Goodrich with 33 counts of theft, claiming that the money stolen from the band plus investigative costs have brought the total cost to Curtis Management to $566,000.Curtis Management president Kelly Curtis, who has managed the band since the beginning of its career, said in a statement, "We are deeply saddened by this situation," adding that he is "looking forward to a resolution."Goodrich is expected to appear on June 28th in a Seattle courtroom to enter his initial plea. He had admitted to owing hundreds of thousands of dollars to the band's management company.Prosecutors claim that Goodrich took money from company accounts to pay debts incurred by him and his wife, and also used band credit cards to pay for items such as personal purchases and family vacations.Goodrich was hired in 2005 as a tour accountant for Pearl Jam, joining Curtis Management a year later and eventually becoming chief financial officer. But Kelly Curtis became concerned about Goodrich's management of various funds, and conducted a review of "cash flow issues" that began cropping up by 2009.


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