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Kevin Bacon Loses Shirt in Madoff Mess

12/31/2008 2:01 AM PST BY TMZ STAFF

Let's hope those residuals from "The Closer" are coming in: Kevin Bacon and Kyra Sedgwick are the latest victims of the Bernie Madoff Ponzi scheme.

Bacon's rep confirmed to New York mag yesterday the Bacons were struck by Madoff's $50 billion eff-up, though he wouldn't go so far to say they'd lost their pants, too -- "Please, let's not speculate or rely on hearsay." Jeffrey Katzenberg and Steven Spielberg were among the others who have lost big bucks in Madoff's bald-faced scheme.

And several sources tell us there are many more celebs who don't even know they've lost money -- so check those brokerage accounts!


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I am in full agreement with #12

2119 days ago

Jersey Dave    

I feel very sorry for these guys, they aren't the richest actors and they are both very talented. Hope they didn't have too much of their stuff in with that fund.

Those who hate on peope who worked their asses off and made it (Kevin and Kyra didn't start out with millions) need to remember what Yogi Berra said, when he said he'd feel bad for a millionaire who lost their money.

"Imagine having a million dollars. Imagine that. Now imagine losing it."

Hope they didn't lose it all.

PS Tremors is one of my favorite movies and The Closer is one of my favorite shows, but whoever gets taken by something like this it ain't right.

2119 days ago


to all the people who find all this malfeasance amusing- new flash- this doesn't just hurt rich people- it hurts EVERYBODY- when people who own companies, banks, etc and anything else like not for profits that invest in people like Madoff lose- they go out of business or cut costs, drastically- from the analyst to the janitor- everyone pays- and it is usually the people struggling who get cut first and pay the most-

when Shearson Lehman is bailed out- the dude making 480 million is fine- YOU are screwed- when business hurts- you can't get a job as a bar back- it is all connected- so LOL like some of you did- joke is on you and all Americans

2111 days ago

Susan Holbert    

I am appalled by some of the catty coments towards a couple who have worked hard for years only to have a thief steal their money. You people should be ashamed of yourselves. Does it feel good to see someone who has had success to lose years of work? Dear Kevin and Kyra, my husband and I love your work and wish you all the best. Good luck to you.

2071 days ago
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