Name: Kevin Bacon And Kyra Sedgwick Lost Millions in a Scheme
Uploaded: 2023-10-12T13:38:19+00:00
Duration: 4 min 4 s
Description: In the 1980s, Kevin Bacon achieved iconic status through his roles in film, but decades later, he faced a staggering financial blow alongside his wife, Kyra Sedgwick, as victims of Bernie Madoff's col

1 year ago

celebcouple celebrities celebrity celebs kevinbacon kyrasedgwick marriage millions relationships thethingscelebrity wife

In the 1980s, Kevin Bacon achieved iconic status through his roles in film, but decades later, he faced a staggering financial blow alongside his wife, Kyra Sedgwick, as victims of Bernie Madoff's colossal Ponzi scheme. On a 2022 Smartless podcast, Bacon candidly shared their unfortunate entanglement in the fraud that siphoned billions from unsuspecting individuals, including the couple's reported losses that soared as high as $30 million. The pain of this deception was not just monetary. As Bacon articulated, the theoretical profits, a mere illusion on paper, exacerbated the sense of loss. While many victims of Madoff's deceit suffered, the actor acknowledged that some, including blue-collar workers and the elderly, bore even graver consequences. Yet, in the aftermath, Bacon's resilience shines through. He emphasizes life's invaluable treasures — health, family, and love — underscoring the belief that true wealth extends beyond material assets.

Subscribe: http://bit.ly/Subscribe-to-TheThingsC...

Chapters:
00:00 Intro
00:21 The Financial Crisis of Kevin Bacon and Kyra Sedgwick
00:51 Openness About the Scam
01:13 Bernie Madoff's Crimes Detailed
01:29 Extent of the Financial Loss
01:46 The Reality of the Losses
01:59 -Madoff’s other Victims
02:19 Bernie Madoff's Downfall
02:37 A Positive Perspective
03:02 Other Celebrities Affected by Madoff
03:22 Current Financial Status