Kevin Bacon is one in every of many who fell sufferer to American fraudster Bernie Madoff, revealing he and spouse Kyra Sedgwick invested “most” of their cash within the man behind the most important Ponzi scheme in historical past.
The 64-year-old actor opened up about his ordeal to Jason Bateman, Sean Hayes and Will Arnett on their podcast SmartLess, saying the couple realized “apparent life classes” from the expertise.
“You understand, if one thing is just too good to be true, it is too good to be true,” the Footloose star stated on Monday. ”And when one thing like that occurs, you already know, you have a look at one another, you then go, ‘Nicely, that sucks. Let’s, roll up our sleeves and get to work,’ you already know?”
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Bacon then expressed gratitude for his spouse, profession, and wider household. Bacon and Sedgwick, 57, married in 1988, and share two youngsters – 33-year-old son Travis Bacon and 30-year-old daughter Sosie Bacon.
We have made it this far. Our youngsters are wholesome. We’re wholesome. We are able to nonetheless each work and definitely, you get offended and stuff, however I’ve to say that there have been lots of people who have been a lot worse off than we have been,” he stated.
“Outdated individuals, individuals whose retirement funds have been utterly decimated. So there’s at all times gonna be any person that is gonna have it so much worse than you.
“Regardless of the clichés … No matter would not kill you makes you stronger,” he concluded.
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Footloose forged: Then and now
That is the primary time Bacon has spoken at size about his unwitting involvement in Madoff’s Ponzi scheme.
In 2017, he briefly commented on it in an interview with the Guardian, saying “it was a nasty day” and “we received by way of it collectively.”
He then urged these studying to contemplate as a substitute the aged individuals Madoff scammed, who he known as the “actual victims.”
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Bacon was requested by the podcast hosts if he was capable of recoup any of the cash he and Sedgwick misplaced, and he stated they received “a portion of some a reimbursement” however hinted it wasn’t wherever close to the entire quantity they misplaced.
Madoff, a financier who died in federal jail in April 2021 on the age of 82, admitted to swindling 1000’s of his shoppers out of billions of {dollars} in investments over many years.
A court-appointed trustee has recovered greater than $13 billion of an estimated $17.5 billion that traders put into Madoff’s enterprise.
On the time of Madoff’s arrest, faux account statements have been telling shoppers they’d holdings price $60 billion.
He was sentenced to 150 years in jail by US District Decide Denny Chin in 2009.
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