Kevin Bacon and Kyra Sedgwick victims in Bernie Madoff’s Ponzi scheme

December 30, 2008

(ChattahBox) — The list of investors who say they were duped in one of Wall Street’s biggest Ponzi schemes is growing, not only snaring some of the world’s biggest banking institutions and hedge funds, but the super rich and the famous too.

Kevin Bacon and wife Kyra Sedgwick are the latest Hollywood heavyweights to announce they fell victim to former Wall Street financier Bernie Madoff’s $50 billion Ponzi scheme.

Bacon’s rep confirmed to New York Magazine that the actor and his wife lost money in Madoff’s scam, but as you would expect are not about to anounce how much.  There are plenty of other big name celebrities that were also duped but many choose to stay quiet. We do know Steven Speilberg’s Wunderkinder Foundation was also hit, and DreamWork’s Jeffrey Katzenberg has lost “millions”, according to the Wall Street Journal.

Reported by: Hot Momma Celebrity Gossip


Comments

Got something to say? **Please Note** - Comments may be edited for clarity or obscenity, and all comments are published at the discretion of ChattahBox.com - Comments are the opinions of the individuals leaving them, and not of ChattahBox.com or its partners. - Please do not spam or submit comments that use copyright materials, hearsay or are based on reports where the supposed fact or quote is not a matter of public knowledge are also not permitted.