In March 2009, financier Bernie Madoff pleaded responsible to 11 felonies in a scheme that authorities on the time referred to as the largest Ponzi scheme on this planet. In 2025, the Division of Justice introduced that 94% of the estimated $65 billion losses from the rip-off have been repaid to victims. Certainly one of these victims was Kevin Bacon.
In a current interview with Esquire journal, Kevin Bacon mirrored on the highlights of his legendary movie profession and did not shrink back from speaking in regards to the darker instances as nicely.
Bacon, who stars within the new Prime Video horror sequence “The Bondsman,” and his spouse, Kyra Sedgwick, have been two of the many individuals who fell sufferer to Bernie Madoff’s notorious scheme.
Whereas Bacon has by no means given the precise determine of how a lot the couple misplaced, it’s believed that the quantity is within the hundreds of thousands. Throughout a 2022 look on the Smartless podcast, he revealed, “We had most of our cash in Madoff,” including, “There’s apparent life classes there – if one thing is just too good to be true, it is too good to be true.” He additionally famous that his household was capable of recuperate “a portion of some a reimbursement.”
Associated: Bernie Madoff’s Ponzi Scheme Victims Get Last Funds
When Esquire requested him if the expertise made him jaded about investing, he answered: “No, not jaded. Extra cautious. However not jaded.”
“It sucked, and we have been actually offended and all of the issues,” Bacon mentioned. “However then we awakened the following day and mentioned, ‘What can we [have]? We love one another. We love our kids. We’re wholesome. Nobody took away our means to make a dwelling.’ So we received again to work.”
Bacon additionally humorously shared how the expertise had one stunning upshot, particularly on his health routine.
“I am going to this gymnasium. It has a number of machines and solely a handful of individuals there at any given time. There is not any showers, it’s totally naked bones. However there is a leg press machine. A leg press may be brutal,” he defined. “The machine is true subsequent to a window, and once I look out that window, I am trying proper on the constructing the place Madoff was. I am in excruciating ache, doing the leg press, staring out that window. It is excellent, in a humorous method, as a result of I additionally should assume, I can get by way of this. And that is how we felt about Madoff.”
