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Kevin Bacon the Latest Victim of Madoff Ponzi Scheme
Cue six degrees of Kevin Bacon game now... Three more victims of Bernard L. Madoff's Ponzi scheme were announced, including the Hollywood couple that is Kevin Bacon and Kyra Sedgwick. Madoff is accused of running a reportedly $50 billion Ponzi scheme in which investment money from new clients was taken to pay off earlier investors. Hollywood is no stranger to playing victim to Madoff--Steven Spielberg, Jeffrey Katzenberg, business manager Gerald Breslauer and Eric Roth (screenwriter of The Curious Case of Benjamin Button) areamong those swindled.
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You come to LAist because you want independent reporting and trustworthy local information. Our nonprofit newsroom doesn’t answer to shareholders looking to turn a profit. Instead, we answer to you and our communities. We are free to follow facts wherever they lead and to hold power to account without fear or favor. Our only loyalty is to our readers and listeners and our mission: to inform, engage, and strengthen Southern California’s communities.
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