Kevin Bacon opened up about falling victim to Bernie Madoff’s $50 billion Ponzi scheme on Monday’s episode of the SmartLess podcastHosting the event were Sean Hayes, Jason Bateman, and Will Arnett.
Bacon, along with his wife Kyra Sedgwick revealed during the interview that they had invested in the company. “most”Madoff, with all their money.
“There’s obvious life lessons there. You know, if something is too good to be true, it’s too good to be true,”Bacon. “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?”
Actor John Leguizamo expressed gratitude to his wife, family and career. “We’ve made it this far. Our kids are healthy. We’re healthy. We can still both work and certainly, you get angry and stuff, but I have to say that there were a lot of people who were much worse off than we were,” Bacon continued.
“Old people, people whose retirement funds were completely decimated. So there’s always gonna be somebody that’s gonna have it a lot worse than you,”He added. “Whatever the cliches … Whatever doesn’t kill you makes you stronger,”Bacon.
The actor is speaking out for the first time about the scheme. In 2017, he spoke out about the scheme in a Guardian interview. “it was a bad day”And “we got through it together.” He then urged readers to consider the elderly people scammed by Madoff — the “real victims.”
Bacon was asked by the hosts whether he and his family were in a position to recover any of their losses. Bacon stated that they were able to recoup the money that they lost. “a portion of some money back,” but hinted that it wasn’t near the total amount that they had lost.
