It is all the same worth noting as evident from records between 1815 and 1820 that the Corporation of Queenborough was in some financial difficulties, owing some £14,500 that it could not hope to pay. It appears that the mayor and other officials had been less than honest in their duties toward the community, with the use of the public money at their disposal. This fraud caused a great financial burden upon the fishers and oyster catchers, who were driven to "unlawful and riotous assembly", in protest against unwarranted charges made upon them in the course of their trade. So serious had this deterioration in conditions become, that by the middle of the 19th century the corporation was bankrupt. A leading figure was Thomas Young Greet, who frequently held the office of mayor, and treasurer, first came to Queenborough in 1814. He and his friends used their positions to cream off the profits of the fisheries. Parliament was called upon to act, vesting by an Act of Parliament much of the town's business in the hands of trustees who were able to refinance the economy by selling land, property and the ancient oyster fishery. The oyster trade having been corrupted by smuggling and the bribery of the island's members of parliament, it lost its franchise in the Reform Act of 1832.