Kevin Bacon Victim of Madoff Scheme

12/30/2008 at 02:50 PM EST

Kevin Bacon Victim of Madoff Scheme
Kyra Sedgwick and Kevin Bacon
Dave Allocca/Startraks
Talk about six degrees being too close for comfort. Kevin Bacon and Kyra Sedgwick are the latest known victims of Bernie Madoff's $50 billion Ponzi scheme.

"I can confirm that they had investments with Mr. Madoff – no further specifics or comment beyond that," Bacon's rep, Allen Eichorn, told New York Magazine Tuesday.

As for reports that the couple lost everything except for their checking accounts and the land they own, Eichorn said, "Please, let's not speculate or rely on hearsay."

Other Hollywood elite have also been victimized by the fraudulent money manager: Steven Spielberg's Wunderkinder Foundation was hit, and DreamWorks' Jeffrey Katzenberg has lost "millions," reports the Wall Street Journal.
– Kristin Boehm

2003: Kevin credits Kyra for successful acting career
1984: Kevin skyrockets to fame with Footloose!

Your Reaction

Follow Us

On Newsstands Now

George Turns 1: Raising a Little Prince!
  • George Turns 1: Raising a Little Prince!
  • Ryan and Eva: How They Hid Her Pregnancy
  • Jillian Michaels: Why I Left Biggest Loser

Pick up your copy on newsstands

Click here for instant access to the Digital Magazine


From Our Partners

Watch It

Editors' Picks

From Our Partners