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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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Right now, LAist has lost $1.7M in annual funding due to Congress clawing back money already approved. The support we receive before year-end will determine how fully our newsroom can continue informing, serving, and strengthening Southern California.
If this story helped you today, please become a monthly member today to help sustain this mission. It just takes 1 minute to donate below.
Your tax-deductible donation keeps LAist independent and accessible to everyone.
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