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The Madoff Fraud:Scam of the Century
Lawrence Velvel-dean of law school-Madoff Victim

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Lawrence Velvel, 69, dean of the Massachusetts School of Law, said he and a friend may have lost millions of dollars between them (AP). "This is a major disaster for a lot of people," Velvel said in a telephone interview from his Andover, Mass., office. "You work all your life, you finally manage to save up something, and somebody who's entrusted with it, it turns out suddenly he's a crook. Lots of people are getting fully or partially wiped out." Velvel said he wants to know where government regulators, as well as accountants and others at Madoff's company, were when the money was being lost." (AP) http://clusterstock.alleyinsider.com/2008/12/bernie-madoff-hosed-client-list
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