Thursday, August 22, 2019
Cadden House Price Drops Again
By Walter F. Roche Jr.
The asking price on the mansion owned by a jailed former drug executive has dropped for the second time in recent months with the new price tag nearly $1.5 million below the original.
Real estate listings for the home of Barry J. Cadden, located in suburban Boston, show a new sales price of $1.5 million, compared to the original price of nearly $3 million. The house has been on the market for 238 days.
Cadden is serving a nine year prison sentence following his conviction on racketeering, conspiracy and mail fraud charges. His 9,000 square foot home is subject to a forfeiture order and half the proceeds will go to the federal government. The new lower price was set earlier this week.
Cadden was president and part owner of the New England Compounding Center, the Framingham, Mass. firm that caused a deadly 2012 fungal meningitis outbreak.
Featuring a pool and a five car garage, the property is described as a "magnificent estate" with a salt water pool, 5 bedrooms and a five car garage.
Prosecutors also sought $74 million in restitution from Cadden, but that motion has been put on hold by U.S. District Judge Richard G. Stearns.
The forfeiture order was initially $7.5 million but it was reduced substantially under a negotiated settlement between lawyers for the Cadden family and prosecutors.
Contact: wfrochejr999@gmail.com
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Just keeps dwindling and there won't be anything left. I am sure the he will still come out smelling like roses after all is said and done. Sickening, seems as the violated just keep getting the shaft while the ones who committed the crimes to start with are the winners.
ReplyDeleteI wish you where wrong! Let’s not forget Medicare/ medicate, insurance company’s, the sicker you where the greater the % received. This whole thing has been against the victims from the start. Look at any part of this and then look back in history. This mass attempt at murder and terror, was glossed over, for one reason, it didn’t involve gu-s or semi automatic we—ns
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