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Two local residents on Madoff client list

Thursday, February 5, 2009
(Updated Friday, February 6 - 5:19 am)

GREENSBORO - Bernard Madoff's investment web has snared one of Greensboro's most high profile residents - Bonnie McElveen-Hunter.

Her name, along with another Guilford County resident, appears on a list of several thousand clients who invested with Madoff, who federal prosecutors say lost more than $50 billion that belonged to his clients.

McElveen-Hunter, the chairman of the American Red Cross, the former ambassador to Finland and founder and CEO of Pace Communications, declined to comment, according to her Greensboro office.

Her husband, Greensboro attorney Bynum M. Hunter, referred questions to his wife, who was in Washington.

The 162-page list, made public in a court filing in U.S. Bankruptcy Court in Manhattan, does not say how much McElveen-Hunter or any of the clients lost or spell out their connections to Madoff.

Guilford's other resident to make the list, Edwin J. Cline of Jamestown, acknowledged that he had invested with Madoff, but would not say how much he had lost.

Contact Don Patterson at 373-7027 or donald.patterson@news-record.com

 

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