Madoff, considered the biggest fraudster in Wall Street history, is serving a 150-year sentence for theft, fraud and money laundering at Butner prison in North Carolina.
Gambling is enough to turn an honest, kind, modest gentleman into a fraudster.
One of Mr Felman's clients, a fraudster called Sholam Weiss, was sentenced to 845 years.
The most familiar type of enemy within is the fraudster.
The key point for a fraudster is not to be discovered.
Not even the best of regulators (and the SEC is not that) can be sure of stopping a determined fraudster.
He added that the exposure of the fraudster Bernard Madoff underlined the need to look for rogue firms.
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