Bernard L.Madoff: Last News

Kevin Bacon has revealed that he and wife Kyra Sedgwick lost "most" of their fortune after being duped by Bernie Madoff's Ponzi scheme.WOW: Kevin Bacon's barely-recognizable appearance makes fans do a double takeSpeaking on Jason Bateman, Will Arnett and Sean Hayes' Smartless podcast, the Apollo 13 star shared that he and Kyra "had most of our money in Madoff". He confirmed that the pair, who married in 1988, had recuperated a "portion" of their funds back through the Madoff Victim Fund, but that they still hadn't recovered all of their losses.WATCH: Relive Kevin Bacon and Syra Sedgwick's love storySpeaking about the moment, Kevin mused: "There's obvious life lessons there –– if something is too good to be true, it's too good to be true."MORE: Kevin Bacon dances in character as he marks end of City on a Hill season 3READ: Kevin Bacon shares emotional tribute to the cast and crew of his Showtime series City On A HillBernie Madoff founded Bernard L.