Pharmacy owners received $16 million while meningitis killed 44 people and sickened 678

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http://www.reuters.com/article/2013/01/22/us-usa-health-meningitis-idUSBRE90L0GS20130122

Meningitis-linked pharmacy owners got millions: filing
By Tim McLaughlin
BOSTON | Tue Jan 22, 2013 9:53am EST

(Reuters) - The four primary owners of the pharmacy linked to a deadly U.S. meningitis outbreak that has killed 44 people received at least $16 million in salaries and shareholder distributions in 2012, according to papers filed in U.S. Bankruptcy Court.

New England Compounding Center owner Carla Conigliaro, the largest shareholder in the privately held company, received nearly $9 million in 2012, according to court papers filed late on Friday.

NECC also paid about $18,000 on her American Express card for purchases from gas stations, restaurants, the Apple Store and other places.

Barry Cadden, NECC's chief pharmacist, received about $3.2 million in 2012, filings show. His wife, Lisa Cadden, received about $2.8 million. Greg Conigliaro, a recycling entrepreneur who is Lisa Cadden's brother, received about $1.6 million.

[MichiganVote]

1. So a woman in Indonesia gets the death penalty for cocaine trafficing and these people get what?

They KILLED 44 people and made countless others very sick. Not even Bernie M. killed people. Bastards.

[marions ghost]

2. Corruption on Steroids

"The bottom line is that instead of using the money to remedy the pharmacy's problems, which now look like a ticking time bomb, they took the money out," said David Molton, a lawyer at Brown Rudnick LLP, which is representing the official committee of unsecured creditors in NECC's bankruptcy.

(snip)
NECC owner Carla Conigliaro, the largest shareholder in the privately held company, received nearly $9 million in 2012, according to court papers. NECC also paid about $18,000 on her American Express card for purchases from gas stations, restaurants, the Apple Store and other places.

Barry Cadden, NECC's chief pharmacist, received about $3.2 million in 2012, filings show. His wife, Lisa Cadden, received about $2.8 million. Greg Conigliaro, a recycling entrepreneur who is Lisa Cadden's brother and Carla Conigliaro's brother-in-law, received about $1.6 million.

The filings also showed that Framingham, Massachusetts-based NECC had made lease payments for a 2012 BMW X5 and 2011 Mercedes Benz GL-550. NECC paid, for example, $1,251 a month for Carla Conigliaro's Mercedes Benz lease payment, court papers show.

Brown Rudnick LLP, in a statement, said NECC had paid a total of more than $21 million to the pharmacy's four primary owners and other insiders.