After pleading guilty in a Washington state court in December to six counts of first-degree theft, Rickey Goodrich, former chief financial officer for Pearl Jam's management company, was sentenced to 14 months in prison Friday.

According to the Seattle Times the 55-year-old business executive embezzled more than $300,000 from the band over the course of three years. Goodrich used the company's money to pay off personal debts, family vacations, life insurance and expensive California wines.

The King County Prosecuting Attorney's Office said Goodrich, who was initially facing 33 counts of theft, had paid back $125,000 when he pleaded guilty, according to the article.

Goodrich's attorney tried to get his client mandatory probation instead of serving prison time, but Superior Court Judge Roger Rogoff denied the request.

Rogoff said, "There is nothing more devastating to an organization than someone who takes money from the inside."

However, in an effort to ensure that restitution is paid to the victims after the 14-month sentence, Rogoff allowed Goodrich two weeks out of custody to get his financial affairs in order before the formal sentencing.

According to court papers reported in the newspaper, Goodrich was named CFO in 2006 to the management company Curtis Inc., which is owned by Pearl Jam band manager Kelly Curtis. Goodrich began working for Pearl Jam Touring Co. the year before.

During his time as the company's CFO, Goodrich repeatedly made payments to his wife's American Express account and other numerous credit card expenses he charged to his accounts. Additionally, he charged plane tickets for himself and family members, Amazon.com items, hotels and restaurants to the company credit card.

After a series of financial discrepancies in 2009, Goodrich was removed from the band's tour accountant position but then was placed back in 2010, which is went problems started to occur, the Seattle Times reported.

Issues arose when $15,000 for Pearl Jam's "road cash" went missing as the band members claimed they never received the money Goodrich was supposed to give them. Goodrich said instead of giving the money to the band, he shelled out the $15,000 as bonuses for the crew, but the crewmembers denied receiving any money from him.

When Goodrich was confronted after the band's 2010 tour, he paid back a $45,000 "loan" he gave himself by forging Curtis's signature. Goodrich was terminated that September.

The Seattle Police charged Goodrich in 2012 after the department launched an investigation in January 2011, following the band's financial audit.