Thursday, November 21, 2019

Cadden Home Sale Imminent

By Walter F. Roche Jr.

A federal judge has lifted liens on the home of a former drug company president, apparently clearing the way for the sale of the five bedroom 9,000 square foot property in suburban Boston for about $1.5 million..
U.S. District Judge Richard G. Stearns today filed an order lifting federal government liens on the Wrentham, Mass. home of Barry J. Cadden. Cadden is currently serving a nine year federal prison sentence following his conviction on racketeering, conspiracy and mail fraud charges.
The home at 13 Manchester Drive has been on the market for nearly a year and the original asking price of nearly $3 million has been slashed several times to the current level of $1.5 million.
The real estate listing for the home currently states "under contract."
Under a forfeiture agreement with federal prosecutors half of the proceeds from the sale will go to the federal government.
Under the negotiated agreement Cadden and his wife Lisa were allowed to retain ownership of a Rhode Island coastal property in return for the payment of $369,000. Ownership of that property in North Kingston was recently transferred for no consideration to a trust headed by one of Cadden's sons.
Cadden was president and part owner of the New England Compounding Center, the defunct company blamed for the 2012 fungal meningitis outbreak which sickened some 800 patients, killing over 100 of them.
Court records show federal prosecutors consented to lifting the liens on the property. Though prosecutors had expressed hopes that the forfeiture proceeds could go to outbreak victims, Stearns has ruled that under federal law the victims are the health care facilities and physicians who actually purchased thousands of vials of a steroid, methylprednisolone acetate, loaded with deadly fungi. The steroids were injected into the spines and joints of unsuspecting patients.
Details of the sale won't be known until a deed is recorded in the Norfolk County Registry of Deeds.
Cadden is due for release from the federal prison in Loretto, PA on June 6. 2025, but he and co-defendant Glenn Chin are still facing multiple second degree murder charges in Michigan. The two were brought to Michigan for a recent preliminary hearing on the murder charges.
Contact: wfrochejr999@gmail.com




3 comments:

  1. The hospitals and clinics knew they were getting 2nd rate meds because they knew they were not paying 1st rate prices. So no they are not the victum. We are the victum that are still dealing with all the side effects and issues from the fungal minute joined us and they had doses of V-Fin that we were given. Judge Sterns needs to really rethink this.

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  2. You, me, and now some others also think all sterns judgement need to be re visited. I would share my thoughts but I would get shut down.
    But I agree with you, everyone one was cut a good deal or break but the citizens injected with murder.
    I always wonder why more checks where written to non victims then the ones that spent months in the hospital ? You would have thought first considerations would have gone to a victim.
    Be safe stay away from injections

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  3. Almost Murdered: who are the Non Victims? Stearns doesn't believe we are the Victims. But yet, we the patients are the ones still suffering. The Clinics and Hospitals are still making Millions by injecting patients. These Esi's set patients up for Arachnoiditis. THATS WHAT IM SUFFERING WITH. 24/7 PAIN. IT PISSES ME OFF WHEN I READ THAT STEARNS DOESN'T BELIEVE WE ARE VICTIMS. I WOULD LIKE TO INJECT HIM AND SHE HOW HE FEELS AFTER A FEW MONTHS. I LOST MY OLD LIFE.

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