'Footloose' actor Kevin Bacon has recovered a "portion" of his losses from the Bernie Madoff Ponzi scheme.
Kevin Bacon has recovered a "portion" of his losses from Bernie Madoff's Ponzi scheme.
The 64-year-old actor lost "most" of his fortune in the scheme, with the Madoff Victim Fund paying $4.078 billion to 40,454 victims so far through the Madoff Victim Fund.
Appearing on the 'Smartless' podcast, Kevin revealed he and his wife Kyra Sedgewick "had most of our money in Madoff".
He added: "Certainly, you get angry and stuff, but I have to say, there were a lot of people who were much worse off than we were – old people, people whose retirement funds were completely decimated.
"So there's always going to be somebody that's going to have it a lot worse than you."
Madoff was arrested in December 2008 after allegations his company - Bernard L. Madoff Investment Securities - swindled billions of dollars from charities, businesses and individuals.
The 'A Few Good Men' star admitted he has learned some "obvious life lessons", namely "if something is too good to be true, it's too good to be true".
He said: "When something like that happens, you look at each other and you go, 'Well, that sucks, and let's roll up our sleeves and get to work'.
"We've made it this far, our kids are healthy, we're healthy, you know? Let's look at what we have that's good. We can still both work."
Kevin - who has never revealed exactly how much he and Kyra lost in the scheme - acknowledged people might not like to hear him complaining about his finances.
He continued: “There’s the money that you put into something and there’s the money that you’ve, in theory, accrued with interest over years, but that’s not real.
"That’s just a number that was on a piece of paper... I think people will be not happy to hear me whining about money."
Disgraced financier Madoff died aged 82 in April 2021 while serving his 150-year sentence.
On the same day that Glastonbury welcomed back Margate's adopted sons, The Libertines, Margate itself put on it's very own Leisure Festival as it...
Sheffield's very own all girl group Pretty Fierce are still on a high after the recent release of their debut single - 'Ready For Me'.
Three nights before the end of his current tour Will Varley returned to his home town of Deal to delight a sold out crowd in The Astor Theatre.
With only a few days to go before Portsmouth based songstress and producer WYSE releases her new single, 'Belladonna', we caught up with her to find...
Colorado raised, Glasgow educated and Manchester based Bay Bryan is nothing if not a multi-talented, multi-faceted artist performing as both...
Former Marigolds band member Keelan Cunningham has rediscovered his love of music with his new solo project Keelan X.
Wiltshire singer-songwriter Luke De Sciscio, formally known as Folk Boy, is set to release is latest album - 'The Banquet' via AntiFragile Music on...
Electronic music pioneer and producer Annie Elise says that the release of her first EP - 'Breathe In, Breathe Out' feels "both vulnerable and...
The third time's a charm for Mark Wahlberg and director Peter Berg, who previously teamed...
On the morning of April 13, 2013 the citizens of Boston city awoke in a...
For a biopic of a real-life person, this feels like an oddly standard mob thriller....
In the 1970s came the most controversial and accessible comedy ever seen. The National Lampoon...
Whitey Bulger has had the FBI under his thumb for too long, and now people...
Irish-American criminal mastermind Whitey Bulger was arguably one of the most dangerous men in America...
Harrison and Travis are two 10-year-old boys out on an adventure in the wilderness. They...
Sometimes, the greatest hiding place is in plain sight. For twelve years from the mid-1990s,...
The ingredients are all here, but this mash-up of Ghost with Men in Black is...
Nick Walker was a promising SWAT officer before getting brutally killed in a police raid....
It's 1962 and the world is on the brink of starting a new world war....
Cal Weaver and his wife Emily live a perfect sub-urban life, kids, a pleasant house...
Watch the trailer for Frost/Nixon It's hard to believe when UK journalist David Frost originally...