$18M seized from NECC owners
More than $18 million was seized from accounts connected to the owners of New England Compounding Center (NECC), the Framingham pharmacy linked to the 2012 fungal meningitis outbreak, the U.S. Department of Justice said Tuesday.
The funds were seized from 13 financial institutions under 26 seizure warrants issued by the U.S. District Court in Boston and unsealed Tuesday.
Approximately $1.5 million was seized from three accounts held by Barry J. Cadden, an NECC shareholder and the company’s head pharmacist. Cadden, of Wrentham, was indicted last month on 131 criminal charges, as were 13 other NECC employees, in connection with the outbreak that killed 64 people and sickened 751 in 20 states. Among other charges, Cadden is accused of 25 counts of second-degree murder.
Meanwhile, $16.8 million was frozen in accounts held by Carla and Douglas Conigliaro of Dedham. Carla Conigliaro is NECC’s majority shareholder; Douglas Conigliaro is her husband. The Conigliaros face charges that they transferred millions of dollars to other accounts the month NECC surrendered its pharmacy license and shortly before the company petitioned for bankruptcy, the Department of Justice said.
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