Larry King & Chance: Errand Boys!

CNN host Larry King and his 12-year-old son Chance were spotted out and about in Los Angeles, Calif. on Thursday (October 27) running some errands.

The Larry King Live alum and his son walked to a traffic light and waited patiently to cross the street.

The journalist has recently revealed that he lost almost $1 million in the Bernie Madoff scam.

Larry was apparently one of many high-profile celebrities who were involved in the Madoff Ponzi scheme scandal.

So how much did he invest and lose?

"I would say that we put in about $4 million, but we took out $3.3 million," which would leave Bernie Madoff with approximately $700,000.