Cadden House Price Drops

By Walter F. Roche Jr.

The asking price on the home of jailed ex-pharmacist Barry J. Cadden has dropped from $2 million to $1.8 million, according to recent real estate listings in Massachusetts.
The new asking price is some $1 million below the original price of nearly $3 million.
Proceeds from the sale of the 9,000 square foot home in Wrentham, Mass. is the subject of a forfeiture order imposed following Cadden's conviction on racketeering, conspiracy and mail fraud charges.
Cadden is currently serving a nine year jail sentence at a federal prison in Pennsylvania. The charges stem from a two year probe of the deadly 2012 fungal meningitis outbreak caused by contaminated drugs produced at a drug compounding firm where Cadden served as president and part owner.
The property located at 13 Manchester Drive in the Boston suburb of Wrentham has five bedrooms, 5.5 baths a two acre lot and a salt water heated gunnite pool.
Federal prosecutors initially sought a $7.5 million forfeiture order which included the contents of several bank and investment accounts, along with jewelry, a Rhode Island seaside home, a boat and Cadden's BMW.
Lawyers for the Caddens and federal prosecutors subsequently reached a negotiated agreement in October of 2018 which allowed the Caddens to retain the Rhode Island property in exchange for a $369,000 payment. The revised order generally granted half the value of jointly owned properties to Cadden's wife Lisa.
Prosecutors have also sought $74 million more in restitution from Cadden and others involved in the New England Compounding Center, but U.S. District Judge Richard G. Stearns put that request on hold pending the completion of cases against other defendants.
According to the real estate listings, the Cadden's Wrentham residence has been on the market for 225 days. It was built in 2008.
Prosecutors have expressed hopes that restitution funds be earmarked for victims of the outbreak.
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