A former Belmont resident was convicted on Tuesday on charges that he defrauded 15 investors of more than $6 million through a Ponzi-style investment scheme that he created.
The 76-year-old John William Cranney, who now lives in Texas, was found guilty of wire fraud, mail fraud and money laundering following a two-week trial in Boston. He is scheduled to be sentenced in August.
From 2001 through 2012, Cranney took money from business associates and people he knew personally, telling them he would…
