While billion-dollar bilker Bernie Madoff remains under “house arrest” in his swank Park Avenue apartment after swindling investors out of $50 billion, actor Kevin Bacon and his family are trying to figure out how they wound up with nothing but real estate ownings and their checking accounts. Bacon spoke about being a Madoff Ponzi scheme recently, capping off his comments by saying that he could really use some work right now.
Kevin Bacon and wife Kyra Sedgwick were among the celebrities taken to the cleaners in the alleged Ponzi scheme run by disgraced financier Bernard Madoff, but Kevin tells Life & Style he’s trying to keep his losses in perspective.
“There are a lot of things I’m grateful for: my health, my family, my career, my family’s health,” he told Life & Style Friday at a Television Critics Association press event in LA. “We’ll march on. We have to. There’s nothing you can do about it. You can’t change what happened. Things could be worse. You remember that, and you go on with your life.
But Kevin was shocked by the news of Madoff’s scam. “I didn’t see it coming,” he said.
Asked by Life & Style what he’s currently working on, Kevin replied: “I don’t have anything lined up right now, but I need to work, for obvious reasons.”
Kevin certainly wasn’t the only person, or even the only celeb affected by the scheme, but it sounds like he’s one of the hardest hit. It’s not like he had Steven Spielberg money or something. At least he had some money and real estate – but with this economy, real estate isn’t what it used to be either. But Kevin seems to be keeping a sense of humor about the whole thing – he even starred in a short film on Will Ferrell’s “Funny or Die” website, a spoof of the prank show “Punk’d” poking fun at his role in the Madoff scandal, called “BACON’D.”
Given that Kevin has acted in literally hundreds of movies – many of them good – something will turn up for him soon. In the meantime, given that his wife, Kyra Sedgewick, is the star of cable’s number one show, “The Closer,” I’m sure these two will do just fine.
Here’s Kevin looking upbeat upon arrival at the Sundance Film Festival on Jan. 15. Photo credits: WENN.
Hmm… if I had money, I would hire him to just stand around and look hot! 🙂
What kind of idiot hands ALL their cash over to a “financial planner”? These people were ASKING for trouble. I hate it for them but perhaps they will be more careful with future earnings.
Yeah, most people aren’t dumb enough to turn over their cash to a financial planner. They blow it all on flat-screen TVs and designer telephones and McMansions they can’t afford.
Bacon is a good guy – I read he does a lot of unpublicized charity work. He’ll bounce back.
CandyKay, you are so right!!
He’s a fine actor, and I am looking forward to seeing more of him on screen in the future, but I also know how rough it is to start over again at his (and my) age. All the best Kevin!
Bernie Madoff needs his ass kicked…
Obviously its not wise to give one guy all your cash, but keep in mind they appeared to be reaping a lot of profit. Who wouldn’t be tempted to try to take advantage of what looked like a sure thing? It floors me the Madoff isn’t in prison. Penalties for white collar crime really need to be looked at.
i think he’s a great actor, but i think it’s lame of him to whine when lots of people are out of work, losing their health insurance and their homes. and those people aren’t getting big fat checks for movie or tv roles, no matter what happens.
He’s not whining! He simply talked about what happened. He has a right to speak, jackass.
And what happened to him was particularly upsetting because someone actually set out to deliberately steal from him! That Madoff bastard should rot in hell.
I have a lot of respect for Kevin Bacon.
And no, he’s not whining, I think he comes across as very humble.
Madoff was a well respected finance guy in the upper crust layer of people. Kevins a actor and knew enough to get financial help, he got took by a guy that took alot of people, people who were suppose to be experienced in finance also..Kevin is a real down to earth guy and the criticism of him, i believe is unwarranted..