Kyra and Kevin Victims of Madoff Investment Scandal
AP Photo/John Marshall Mantel; Jeff Vespa/Getty Images
Kevin Bacon must be wondering what happened to those other five degrees.
It turns out that the actor and his Golden Globe-nominated missus, Kyra Sedgwick, are among the Hollywood types who lost some of their honestly gotten gains at the hands of disgraced money manager Bernard Madoff, who has reportedly admitted to bilking his wealthy clients out of billions of dollars.
A publicist for the couple wouldn't say how much money they had tangled up in what allegedly amounted to a $50 billion Ponzi scheme, but the rep confirmed that Bacon and Sedgwick did have investments with Madoff, who was arrested Dec. 11.
Per TV Guide, Sedgwick is currently the highest-paid female star on cable TV, earning $275,000 per episode of TNT's The Closer. Bacon is in theaters now in the critical smash Frost/Nixon.
Also counted among Madoff's victims are Steven Spielberg, whose charitable Wunderkinder Foundation had invested with the former NASDAQ chairman's securities firm; DreamWorks cofounder Jeffrey Katzenberg; and The Curious Case of Benjamin Button screenwriter Eric Roth.
"I'm the biggest sucker who ever walked the face of the Earth," Roth told the Los Angeles Times earlier this month. "But the tragedy is the people who lost their life savings and their dreams."
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