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Kevin Bacon Lost ‘Most’ Of His Money In A Ponzi Scheme

If you’ve ever lost “most” of your money in a Ponzi scheme, you’ve automatically won Six Degrees of Kevin Bacon.

The actor has made millions throughout his long acting career, but he and wife Kyra Sedgwick were scammed by Bernie Madoff’s infamous Ponzi scheme that cost investors $50 billion. Madoff’s investment scheme, of course, impacted lots of investors, not to mention nearly bankrupted the New York Mets. And it also impacted Bacon, who said in a new interview that he lost “most” of his money when things went belly-up.

Bacon had disclosed the losses previously, saying in a 2017 interview with The Guardian that the losses were “a bad day” but he and his family “got through it together.” But appearing on the SmartLess podcast hosted by Will Arnett, Jason Bateman and Sean Hayes, Bacon went into greater detail, admitting the severity of the losses and the “life lessons” that come from believing something that’s simply too good to be true.

“There’s obvious life lessons there. You know, if something is too good to be true, it’s too good to be true,” Bacon said on the SmartLess podcast, according to The Wrap. “And when something like that happens, you know, you look at each other, then you go, ‘Well, that sucks. Let’s, roll up our sleeves and get to work,’ you know?”

Despite the setback, Bacon seems to have a good perspective on the losses and how it could have been much worse. Bacon and Sedgwick have continued to act and…

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