Inter-City Trust Scandal: 1921-1923
(This section is incomplete)
There had been
a whiff of trouble back in the fall of 1922 .
But no one, it seems, was prepared for the full-blown stench of scandal
that erupted in the middle of February 1923.
It was front page
news in all of the Boston newspapers for several days running: S. Leland
Montague, the head of the Inter-City Trust and the developer (since 1919)
of Blake Park and other properties in Massachusetts and New Hampshire,
was under arrest. The charge: swindling hundreds of investors, most of
them women, out of hundreds of thousands of dollars in a development scheme
that was more scheme than development.
How did this all
...to be continued.