Conigliaro Buys $3 Milllion Shore Home

By Walter F. Roche Jr.

A company formed by one of the convicted defendants in the criminal case stemming from the deadly 2012 fungal meningitis outbreak has purchased a beachfront Cape Cod home for a little over $3 million.
289 East Bay LLC bought the 10-room house overlooking the Nantucket Sound in Osterville, Mass. on Feb. 17 of this year. The company was formed the same day by Douglas Conigliaro, who is listed as the resident agent and manager.
Conigliaro was one of 14 people connected to the New England Compounding Center who were indicted in 2014 following a two year probe of the outbreak. NECC produced and sold the steroids which caused the outbreak.
Conigliaro headed a sister firm, Medical Sales Management, which marketed NECC's products. He and his wife were charged with violating a federal law barring depositors from structuring withdrawals to avoid federal reporting requirements.
Under a plea deal with federal prosecutors the charges were vastly reduced and he was sentenced to one year of probation, a $5,500 fine and forfeiture of the $119,647 he admitted to withdrawing improperly.
"Enjoy creating your own Cape Cod memories-to-come at this stunning seaside retreat," a real estate agent posted in advertising the four bedroom home with four fireplaces that Coniglaro's company bought.
The 4,100 square foot home includes a wet bar and an outdoor hot tub.
The house initially was listed for $3,950,000, but Conigliaro paid $3,035,000, according to records at the Barnstable County Registry of Deeds. No mortgage was recorded.
Douglas Conigliaro, who was a licensed physician, also owns a Beacon Hill condo which he purchased in 2012 for $4,195,000 and a home in Dedham, Mass. purchased for $1,050,000.
He pleaded guilty to violating a federal law setting reporting reporting requirements on currency transactions exceeding $10,000.
Douglas, Gregory's brother, headed a sister firm that marketed NECC's products. In 2019 another company formed by Douglas Conigliaro, 17 Canal Street LLC, purchased a commercial property in Salem for $1.7 million. Another Conigliaro relative has recently advertised the property, the site of a former vape shop shop,for rent.
His brother Gregory and his wife purchased a Cape Cod home in 2012 for $2.35 million. He later sold his interest in the property to his wife for $150,000.
Gregory, who was NECC's vice president, is awaiting sentencing after an appeals court reinstated a guilty verdict on the charge of conspiring to defraud the U.S. Food and Drug Administration.
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