Kevin Bacon Victim of Wall Street Scam
Posted on Tue Dec 30, 2008 12:46 PM PDT

Kevin Bacon BaconBroke200.jpgLOS ANGELES, California (X17online) - Actors Kevin Bacon and Kyra Sedgwick are victims of Bernie Madoff's $50 billion Ponzi scheme, according to New York Magazine.

The news was confirmed by a representative for Bacon.

The exact amount of their loss isn't known, although some reports says the couple lost everything but the money they had in their checking accounts and the land they own.

The Bacons aren't the only ones in Hollywood to be victimized in the scam. Steven Spielberg, Studio Executive Jeffrey Katzenberg and screenwriter Eric Roth all reportedly lost substantial amounts of money.