Thursday, April 8, 2021

Cadden Forfeiture Property Being Sold

By Walter F. Roche Jr.

Court approval is being requested for the sale of two lots owned by the convicted president of a defunct drug compounding firm who is serving a nine year federal prison sentence.
A motion filed in U.S. District Court in Boston, Mass. today seeks approval to sell two vacant lots in Wrentham, Mass for a total of $600,000. The lots are adjacent to the former home of Barry J. Cadden and he and his wife Lisa own the adjoining properties at 15 and 17 Manchester Drive.
The joint motion by federal prosecutors and lawyers for the Caddens calls for the lots to be sold to Brendan Duckworth and his wife, Christina. Both their names would go on one lot and the other would be in Brendan's name alone.
Under the forfeiture agreement between the Caddens and federal prosecutors half of the sale proceeds will go to the federal government and half to Lisa Cadden, who was never charged.
The forfeiture agreement was reached following Barry Cadden's conviction on racketeering, conspiracy and mail fraud charges.
The charges stemmed from a two year probe of the 2012 fungal meningitis outbreak, which was caused by contaminated drugs shipped by the New England Compounding Center the company Cadden headed.
The Cadden family home also was subject to the forfeiture order and it was sold for $1.3 million in late 2019.
Contact: wfrochejr999@gmail.com

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