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The Boston Globe


Investors argue against liquidation in Belmont case

They push to allow reorganization

One of Jack Cranney’s creditors, an elegant blonde Texas woman, wept quietly under a withering round of questions Tuesday on the witness stand in US Bankruptcy Court.

Asked again and again why she loaned $215,000 to the Belmont man accused of running a Ponzi scheme, Susan Long said of Cranney and his wife, ­“Because I love them.”

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