NECC Defendant In Land Deals

By Walter F. Roche Jr.

One of the remaining defendants in the criminal case stemming from a 2012 public health crisis has been involved in a series of recent real estate deals with the total price tag in the millions.
Records show that Gregory Conigliaro has sold two properties and purchased a third in the months leading up to his scheduled trial in U.S. District Court in Boston, Mass.
According to records at the Worcester County Registry of Deeds Conigliaro sold two parcels for a combined total of $4.15 million. At the same time in May of this year Conigliaro and his wife Cynthia purchased a nearby parcel for $900,000. All three properties are located on Sears Road in Southborough, Mass.
Conigliaro was the vice president for regulatory affairs and compliance and a stockholder in the New England Compounding Center, the company that shipped thousands of contaminated vials of steroids to health facilities across the country. The ensuing outbreak sickened 778 patients killing 76 of them.
Conigliaro was one of 14 indicted in 2014 following a two year federal probe of the outbreak. He faces a single charge of conspiracy to defraud the U.S. Food and Drug Administration.
This week lawyers for Conigliaro renewed their request for a separate trial, contending that he would be prejudiced by the evidence against co-defendants who face more serious charges. U.S. District Judge Richard G. Stearns, who is presiding over the case, already has denied a similar request.
The Worcester County records show Conigliaro and his wife sold property at 52 Sears Road for $3.25 million to David and Ana Ferris. The same couple bought the property at 50 Sears Road from the Conigliaros for $900,000.
At the same time the Conigliaros bought the property at 45 Sears Road from a separate couple for $1 million. All three transactions were dated May 15.
The registry records show that there was a lien on some of the Conigliaro property stemming from the NECC bankruptcy. That lien was lifted on Dec. 30, 2014 after the bankruptcy was settled with Conigliaro and other owners agreeing to pay $48 million to a fund to benefit outbreak victims.
The Conigliaros still own a property on Cape Cod at 155 Salt Pond Road which they purchased in 2012 for $2.35 million. The couple sold another property in Barnstable County which they sold on April 3, 2017 for $791,250
Opening arguments in the case against Conigliaro and five other defendants is set for Oct. 15.
Conigliaro's lawyer did not respond to a request for comment on the real estate transactions
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