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Kyra Sedgwick on Losing Money to Ponzi Scheme: It's Painful

June 10, 2009

Many celebrities were affected by the “Ponzi Scheme,” a fraudulent investment operation recently used by financier Bernie Madoff to screw people out of thousands, and for some millions, of dollars.

Kyra Sedgwick and Kevin Bacon were just one Hollywood couple who fell victim to the scam. The two have managed throughout their careers and marriage together to stay out of the tabloids for the most part.

In fact, Kyra recently told the Boston Globe, "I think the interesting thing...

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Kevin Bacon Needs a Job

January 15, 2009

Kevin Bacon is broke and unemployed. Okay, maybe not broke, his wife Kyra Sedgwick is still making the big bucks from her hit TV show 'The Closer' but Kevin still needs a job.

Bacon and his wife were among the many many victims of the Bernie Madoff’s Ponzi scheme. They reportedly lost $50 million dollars. That's not exactly pocket change--even for a celebrity.

Speaking to Life & Style magazine, Bacon admits he "didn't see it coming" but added that he'll...

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Kevin Bacon Loses $50 Million In Wall Street Scandal

December 31, 2008

By now, everyone has heard about the bogus Wall Street scandal that former NASDAQ Chairman Bernard Madoff orchestrated.

He was caught after many of the people who invested money with him asked for it back due to the economic crisis. Many people fell victim to the Ponzi scheme, including celebrities.

It’s just been confirmed that Kevin Bacon and wife Kyra Sedgwick are among these people. And this is no pocket change we’re talking about. They’ve reportedly lost $50 million.

Their...