Current Events > Kevin Bacon says he lost 'most' of his fortune to Bernie Madoff

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BlueTigerLion
10/12/22 11:35:22 AM
#1:


https://www.cnbc.com/2022/10/12/kevin-bacon-says-he-lost-most-of-his-fortune-to-bernie-madoff.html

Kevin Bacon is opening up about how he and his wife lost most of our money in Bernie Madoffs massive Ponzi scheme. In an appearance on this weeks episode of Jason Bateman, Will Arnett and Sean Hayes Smartless podcast, the 64-year-old Footloose star explained that he and wife Kyra Sedgewick were among Madoffs 40,000 victims. Bacon said that he was drawn to the promise of a high return on his investment with Madoff, but said that in hindsight the tantalizing figures should have been a warning sign. Theres obvious life lessons there, Bacon said. If something is too good to be true, its too good to be true. Madoffs massive fraud scheme is estimated to have ripped clients off to the tune of $65 billion. Despite the massive financial hit he took, Bacon admitted that he didnt expect to receive much sympathy for what he experienced.

I think people will be not happy to hear me whining about money, he said. Indeed, despite saying that he was angry at the time, Bacon remained well aware that he was still in a relatively fortunate situation compared to some of Madoffs other victims. There were a lot of people who were much worse off than we were old people, people whose retirement funds were completely decimated, he said. Theres always going to be somebody thats going to have it a lot worse than you. Bacon said that he had recouped a portion of his losses in the years since, but has not yet been made whole. Instead of letting the negative circumstances get the best of them, Bacon said that he and his wife decided to focus on the positives in their life. When something like that happens, you look at each other and you go, Well, that sucks, he said. Lets roll up our sleeves and get to work.

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HylianFox
10/12/22 11:39:11 AM
#2:


Guess you could say he... brought home the bacon

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Hayame_Zero
10/12/22 11:41:31 AM
#3:


Jason Bateman, Will Arnett and Sean Hayes have a podcast?

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HylianFox
10/12/22 11:42:01 AM
#4:


Hayame_Zero posted...
Jason Bateman, Will Arnett and Sean Hayes have a podcast?

Literally everyone has a podcast

Pretty sure my neighbor's dog has a podcast

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Jerry_Hellyeah
10/12/22 11:52:16 AM
#5:


HylianFox posted...
Guess you could say he... brought home the bacon

No you couldn't.

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Tyranthraxus
10/12/22 11:53:40 AM
#6:


HylianFox posted...
Literally everyone has a podcast

Pretty sure my neighbor's dog has a podcast
Having a podcast is mandatory if you're a middle age white guy

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DipDipDiver
10/12/22 11:55:14 AM
#7:


HylianFox posted...
Literally everyone has a podcast

Pretty sure my neighbor's dog has a podcast
Hell you might even have a podcast and don't know it yet
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DeadBankerDream
10/12/22 11:55:26 AM
#8:


That's too many hosts of one podcast. I don't accept it.

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Heartomaton
10/12/22 11:55:26 AM
#9:


Silly Kevin, all you need to do is market a line of meat products with your last name.

Instant fortune.

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Heartomaton for President 2028.
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