Members of the Conigliaro family who own the pharmacy and Ameridose LLC, another drug manufacturer and compounder, spent several million dollars on luxury homes in the months before US authorities shut down their operations. Real estate transactions last March and April amounted to $6.7 million for two properties purchased by brothers Greg and Doug Conigliaro. Greg Conigliaro, along with his pharmacist brother-in-law, Barry Cadden and other family members, started NECC in 1998.
Ameridose has had its license suspended until early November, while authorities continue and complete an inspection that began October 10th.
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Federal authorities are currently investigating how NECC supplied hospitals, clinics and other healthcare providers who ordered large amounts of compounded drugs and whether it violated state laws regulating pharmacies.
Meanwhile, the Florida Department of Health has taken disciplinary action against the company. The Florida Surgeon General said the NECC has lost its permit to operate as a pharmacy in Florida and may never reapply in the state again.