Properties foreclosing, Interim CEO departed, employees still waiting for W2s and back pay
CARROLL COUNTY, Tenn. — Three months after Cachengo furloughed its employees, the Carroll County technology company appears to be quietly dissolving. Former employees still haven’t received their back pay or their 2025 W2 tax forms, the company is on its second Interim CEO since November, and properties across the county are moving through foreclosure proceedings.
Most recently, the McKenzie Industrial Development Board filed a notice of substitute trustee, which is the first step toward foreclosing on the former McKenzie Hospital building that Cachengo purchased with a loan of more than $800,000.
