The 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 come about?

...to be continued.