Kevin Bacon Says He and Kyra Sedgwick Lost “Most of Our Money” to Bernie Madoff

Norge Nyheter Nyheter

Kevin Bacon Says He and Kyra Sedgwick Lost “Most of Our Money” to Bernie Madoff
Norge Siste Nytt,Norge Overskrifter
  • 📰 VanityFair
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 55%

Kevin Bacon confessed that at one point he and his wife Kyra Sedgwick “had most of our money in [Bernie] Madoff.”

, during which he confessed that at one point they “had most of our money in [Bernie] Madoff.” Madoff is considered to be the perpetrator of the largest Ponzi scheme in history, taking around $64.8 billion of his victims' money. Bacon revealed that he and Sedgwick got a “portion” of their losses returned to them following Madoff's trial, but that they still lost a very sizable sum.

Madoff was arrested in December 2008 on allegations that his company, Bernard L. Madoff Investment Securities, had stolen billions of dollars from individuals, businesses, and charities. Following the disgraced financier's sentencing, the Madoff Victim Fund was established in an attempt to restore some of those lost assets to all those impacted. To date, 40,454 victims have received payouts and assistance in excess of $4.078 billion.

Bacon told the podcast hosts of the experience, “Certainly, you get angry and stuff, but I have to say, there were a lot of people who were much worse off than we were—old people, people whose retirement funds were completely decimated. So there's always going to be somebody that's going to have it a lot worse than you.” The actor said that he and his wife just chose to focus on their family and all the positive things they still had in their life instead of this financial loss.

Vi har oppsummert denne nyheten slik at du kan lese den raskt. Er du interessert i nyhetene kan du lese hele teksten her. Les mer:

VanityFair /  🏆 391. in US

Norge Siste Nytt, Norge Overskrifter

Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.

Kevin Bacon recalls his reaction after he and Kyra Sedgwick lost money in Madoff schemeKevin Bacon recalls his reaction after he and Kyra Sedgwick lost money in Madoff schemeIn an episode of the 'Smartless' podcast, hosted by Jason Bateman, Sean Hayes and Will Arnett, Kevin Bacon said that he and his wife lost 'most of' their money when Bernie Madoff notoriously cheated thousands of investors out of billions of dollars.
Les mer »

Kevin Bacon Recalls His Reaction After He and Kyra Sedgwick Lost Money in Madoff SchemeKevin Bacon Recalls His Reaction After He and Kyra Sedgwick Lost Money in Madoff SchemeKevin Bacon recently revealed his reaction to finding out he and wife Kyra Sedgwick lost money in one of history’s largest Ponzi schemes.
Les mer »

Kevin Bacon says he's recovered 'a portion' of money from Bernie Madoff’s infamous Ponzi schemeKevin Bacon says he's recovered 'a portion' of money from Bernie Madoff’s infamous Ponzi scheme'Footloose' star Kevin Bacon shared that he and his family recovered 'a portion' of the money lost in the Bernie Madoff Ponzi scheme that was worth billions.
Les mer »

Kevin Bacon Explains How It Felt To Lose 'Most Of Our Money' To Bernie MadoffKevin Bacon Explains How It Felt To Lose 'Most Of Our Money' To Bernie Madoff“I think people will be not happy to hear me whining about money,” the actor told podcast hosts Will Arnett, Jason Bateman and Sean Hayes.
Les mer »

Zelle must do more to protect consumers from fraud, Menendez saysZelle must do more to protect consumers from fraud, Menendez saysConsumers say banks take no responsibility when they lose money in a Zelle scam.
Les mer »

Loophole means crucial services for disabled Texans can be suddenly cut offLoophole means crucial services for disabled Texans can be suddenly cut offCritics say more families are losing access to disability services provided under Medicaid waivers, thanks to a loophole in Texas law.
Les mer »



Render Time: 2025-03-11 20:45:42