Bacon Lost Cheddar in Mega Ponzi Scheme

PopEater
posted: 200 DAYS 23 HOURS AGO
comments: 74
filed under: Highbrow, Movie News, TV News, Troublemakers
PRINT|E-MAILMORE
Text SizeAAA
(Dec. 30) - Kevin Bacon and Kyra Sedgwick work notoriously hard for their money, but now the actor has confirmed he and his TV star wife have lost some of that cash to a devastating Ponzi scheme that has rattled investors from Wall Street to Rodeo Drive.
Skip over this content
The Daily Intel blog from New York magazine has been told that the famous duo "lost everything except for their checking accounts and the land they own" in the alleged $50 billion scam headed by Bernie Madoff, but Bacon's rep doesn't go that far.
"I can confirm that they had investments with Mr. Madoff -- no further specifics or comment beyond that," Allen Eichorn told the site.
How much did the star of 'Mystic River,' 'Rails and Ties,' 'Sleepers,' 'Hollow Man,' 'My Dog Skip,' 'Apollo 13,' 'JFK,' 'Tremors,' 'Footloose,' 'Diner,' 'She's Having a Baby,' 'Flatliners,' 'The Woodsman' and an indeterminate amount of 'Guiding Light' episodes really lose? Until he reveals his losses, there's no way of knowing.
His latest film, 'Frost/Nixon,' is in theaters now. Sedgwick stars in the hit series 'The Closer.' They were married in 1988 and have 2 children.
Other Hollywood heavies that have seen their coffers shrink because of the scandal include director Steven Spielberg and Dreamworks chief Jeffrey Katzenberg.
>> Get the latest on the Madoff Ponzi mess here.
Skip over this content

Naomi Watts

    **FILE** This Oct. 23, 2008 file photo shows actors Naomi Watts and boyfriend Liev Schreiber as they attend a Cinema Society and Dolce Gabbana hosted special screening of 'Filth and Wisdom' in New York. It's another boy for Naomi Watts and Liev Schreiber. A representative for Watts tells People magazine the couple welcomed their second son on Saturday. (AP Photo/Evan Agostini, FILE)

    AP

    NEW YORK - DECEMBER 8: (ITALY OUT, NY DAILY NEWS OUT, NY NEWSDAY OUT) Actress Naomi Watts (L) shops with her mother Miv Watts in the West Village on December 8, 2008 in New York City. (Photo by Arnaldo Magnani/Getty Images) *** Local Caption *** Naomi Watts;Miv Watts

    Getty Images

    NEW YORK - DECEMBER 8: (ITALY OUT, NY DAILY NEWS OUT, NY NEWSDAY OUT) Actress Naomi Watts shops with her mother Miv Watts in the West Village on December 8, 2008 in New York City. (Photo by Arnaldo Magnani/Getty Images) *** Local Caption *** Naomi Watts

    Getty Images

    NEW YORK - NOVEMBER 24: Naomi Watts attends the New York premiere of "Australia" at Ziegfeld Theater on November 24, 2008 in New York City. (Photo by Brad Barket/Getty Images) *** Local Caption *** Naomi Watts

    Getty Images

    In this photo provided by Starpix, Naomi Watts and Liev Schreiber attend a special screening of "Milk" hosted by Focus Features with the Cinema Society in New York, Tuesday, Nov. 18, 2008. (AP Photo/Dave Allocca, Starpix)

    AP

    In this photo provided by Starpix, Naomi Watts and Liev Schreiber attend a special screening of "Milk" hosted by Focus Features with the Cinema Society in New York, Tuesday, Nov. 18, 2008. (AP Photo/Dave Allocca, Starpix)

    AP

    Actress Naomi Watts and actor Liev Schreiber are seen on the streets of Manhattan on November 5, 2008 in New York City.

    Marcel Thomas/FilmMagic.com

    Actress Naomi Watts and actor Liev Schreiber are seen on the streets of Manhattan on November 5, 2008 in New York City.

    Marcel Thomas/FilmMagic.com

    Naomi Watts and Dr. Jane Aronson attends the 4th Annual Worldwide Orphans Foundation benefit gala at Cipriani Wall Street on November 3, 2008 in New York City.

    Soul Brother/FilmMagic.com

    Naomi Watts attends the 4th Annual Worldwide Orphans Foundation benefit gala at Cipriani Wall Street on November 3, 2008 in New York City.

    Soul Brother/FilmMagic.com

2008 AOL LLC. All Rights Reserved.
2008-12-30 12:38:40
PRINT|E-MAILDIGGAIMMORE