Kevin Bacon I recently talked about losing “Mostly” His fortune is in the pyramid scheme of Bernie Madoff, the head of an investment firm that was one of the most important on Wall Street. In late 2008, he was arrested for fraud and sentenced to 150 years in prison. He eventually died in a North Carolina prison last April, at the age of 82.
On Monday, the 10th, in a conversation on the podcast “Smartless”hosted by Jason Bateman, Will Arnett, and Sean Hayes, the actor revealed that he and his wife, Kyra SedgwickAnd the “They invested most of the money in the Madoff scheme.”
The actor confirmed in his speech that he learned from his mistake. “There are clear lessons in life. If something is too good to be true, it is because it is too good to be true.”. Remember, the Madoff scheme is considered one of the largest Ponzi schemes in history, with losses of more than $60 billion for investors.
Bacon and Sedgwick had returned part of their losses as a result of Madoff Victims Funda fund created to support the victims of this pyramid scheme, which, like all schemes of this kind, depends on the gradual recruitment of other people in order to maintain the income of those who have already joined before and who, inevitably, at a certain point the point becomes unsustainable.
Despite his disgust at the blow, Bacon stressed that many of the targets were left in a much worse condition. “Of course we were angry, but I have to say a lot of people got a lot worse than we were – old people, people whose savings were completely wiped out,” open.
