I just heard back from Velocity, they have determined that the rim was defective and is sending me a new rim and nipples.
Just a personal note after looking back at the picture, it is not showing clearly where the crack started. It started in the horizontal area of the wheel and not at the spoke hole.
I will still get a 3rd party to look at the wheels after they are built just for a piece of mind.
Thanks all for your input, I learned quite a great deal through the experience!