The former CFO of Pearl Jam plead guilty to stealing $380,000 from the band over a period of four years, CraveOnline.com reported.
Rickey Charles Goodrich, who served as the CFO of the band's management company Curtis Management, ran into trouble after the band hired a private investigator to look into his finances.
The investigation eventually led to the discovery of multiple transcations and wire transfers from the group's account to his own to pay off personal debts, coming out to almost $400,000. He also used the band's credit cards to pay for personal expenses, like vacations and wine.
After the band's manager wanted to look into his "cash flow issues," investigators also found that Goodrich had not paid thousands of dollars to band members and crew that he said he had.
Goodrich, 55, plead guilty to six counts of first-degree theft after charges were filed by King County prosecutors in June. According to Seattle Police, his theft cost the management company $566,000, including investigative expenses.
He is set to be sentenced Feb. 21 by Judge Laura Middaugh. Prosecutors are expected to ask for Goodrich to be sentenced to six months in prison, though they will likely ask for a 14-month sentence if he does not pay the money back by then.
Goodrich was hired by the band in 2005 as their accountant and financial officer. A year later, he was hired by Curtis Inc. and controlled all financial matters for the group.
In addition to the charges from Pearl Jam, Goodrich allegedly admitted to owing his former employee hundreds of thousands of dollars.