Chapter 5: The Insolvency in Boston
While the broadaxes rang on Lake Sunapee, the financial web of Julian Vance and Meredith Sterling began to tear apart.
Justice Arthur Sterling, exercising his authority as senior executor of the Sterling Family Heritage Trust, initiated an unannounced forensic audit of Julian’s regional development funds.
The investigation uncovered systematic fraud: Julian had taken twelve million dollars in private equity deposits from high-society investors in Boston and New York, falsely claiming he held approved municipal building permits for luxury developments on Lake Sunapee.
The state attorney general issued immediate freezing orders on all domestic accounts associated with *Lakeside Luxury Escapes.*
Meredith Sterling, having co-signed eight million dollars in promissory development notes to finance her lavish lifestyle in Brookline, was named as a co-defendant in a federal civil racketeering lawsuit.
The commercial banks repossessed her luxury crossover SUV, foreclosed on her summer villa in Nantucket, and froze her credit lines.
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Julian sat in a small conference room at the federal courthouse in Concord, stripped of his designer suits, wearing a plain grey department of corrections jumpsuit, realizing that the house of cards he had built on stolen land had collapsed into an inescapable prison of truth.
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