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Madoff: What Should Now Be Done?

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Lawrence Velvel
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<New England legislators detailing a restitutionary bond proposal, and have spoken with two legislators personally and with the staff of several others. Now I think the time has come to create a major lobbying effort to seek enactment of the restitutionary proposal (which should probably cover victims of Stanford and other Ponzi schemes too, as well as Madoff's victims). The letter about the proposal which I gave to legislators (and certain others) expanded on an idea written of here on March 30, 2009, and I shall now set forth here the latest version of the letter, so that people will know precisely what I am talking about. After setting forth the letter here, I will briefly discuss a method of financing the proposal, and possibilities for lobbying.

The latest version of the letter regarding the restitutionary bond proposal is as follows:

June 4, 2009

Dear :

Knowing how incredibly busy you are (and being aware of the importance of the work you are doing), I am particularly appreciative that you made time to call me on Tuesday.

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Lawrence R. Velvel is a cofounder and the Dean of the Massachusetts School of Law, and is the founder of the American College of History and Legal Studies.
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