By Walter F. Roche Jr.
Federal prosecutors are asking a judge to release its hold on a two two acre properties owned by the now jailed former president of a drug compounding company and his wife.
In a series of filings in U.S. District Court in Boston, Mass., U.S. Justice Department lawyers asked that the lien on the two properties be lifted "as these properties no longer need to be restrained by the court."
Property records show the parcels are owned by Barry J. Cadden and his wife, Lisa. The lots are immediately adjacent to the Caddens family home, which they were forced to sell following Barry Cadden's conviction on racketering, conspiracy and mail fraud charges.
The house was sold for $1.3 million in 2019 with half the proceeds going to the federal government under a forfeiture order.
Cadden was president and part owner of the New England Compounding Center, the company blamed for the deadly 2012 fungal meningitis outbreak. He is currently serving a nine year federal prison sentence. He also is awaiting trial on 11 counts of second degree murder brought by the Michigan Attorney General.
The Michigan charges are based on the deaths of 11 patients who were injected with contaminated methylprednisolone acetate produced by NECC.
Wrentham records show the two lots are assessed for a little over $500,000. One of the lots is currently listed for sale at $325,000 with a notation that a sale is pending. If sold by the Caddens, half the proceeds would go to the federal government under the terms of the forfeiture order.
Contact: wfrochejr999@gmail.com
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