Richard Grozier

While he was acting publisher in 1920, The Boston Post received one of the first Pulitzer prizes for exposing Charles Ponzi as a fraud.

[3] Soon afterward, Charles Ponzi set up his Securities Exchange Company a few blocks from the Post's headquarters.

At that time, there were about seven respectable newspapers in Boston, but none of them had written about Ponzi's postal reply coupon scheme in detail.

He got in touch with Clarence Barron, the noted financial journalist, who expressed doubts that Ponzi's operation could possibly be legitimate.

On August 2, the Post published an article by McMasters declaring Ponzi "hopelessly insolvent," triggering yet another run.

Grozier initially claimed he was acting on instructions from his father, but Edwin wrote a signed editorial for the June 2 edition which stated that his son had been in complete control of the paper for the entire time.

As a result, Richard remained in day-to-day control of the Post for the next four years, and inherited the paper upon his father's death in 1924.