Feds Move to Seize Cadden's House, Cash, Diamonds

By Walter F. Roche Jr.

Federal agents have executed preliminary forfeiture orders against more than a half dozen assets owned by the man now serving a nine year prison term for his role in a deadly 2012 fungal meningitis outbreak.
In filings today in U.S. District Court in Boston, Mass. the forfeiture orders were issued for the residence of Barry J. Cadden, along with jewelry, a "luxury clock or timepiece" purchased from an antique dealer and a sail boat purchased by the former drug company owner.
Cadden was convicted in late March on racketeering and mail fraud charges. He is now serving a nine year prison sentence in a federal prison in Pennsylvania.
U.S. District Judge Richard G. Stearns subsequently issued an order authorizing the forfeiture of Cadden's assets of $7.5 million.
In addition to Cadden's Wrentham, Mass. home the forfeiture orders apply to two adjacent properties, jewelry purchased by Cadden on Dec. 23, 2010 and Oct. 21, 2011 from DeScenza Diamonds, $1.4 million in a Lee Munder Wealth Planning account and $95,923 from a Middlesex Savings Bank account.
A total of eight preliminary forfeiture orders were filed. According to the filing, a copy of the seizure order was posted on Cadden's residence.
Cadden was president and part owner of the New England Compounding Center, the company blamed for the fungal meningitis outbreak which killed 76 patients across the country.
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