Kevin Bacon explains how he lost 'most' of his fortune to Bernie Madoff: 'There's obvious life lessons there' - CNBC

Kevin Bacon is opening up astir however helium and his woman mislaid "most of our money" successful Bernie Madoff's monolithic Ponzi scheme.

In an quality connected this week's occurrence of Jason Bateman, Will Arnett and Sean Hayes' "Smartless" podcast, the 64-year-old "Footloose" prima explained that helium and woman Kyra Sedgewick were among Madoff's 40,000 victims.

He was drawn to the committedness of a precocious instrumentality connected his concern with Madoff but successful hindsight the tantalizing figures should person been a informing sign. "There's evident beingness lessons there," Bacon said. "If thing is excessively bully to beryllium true, it's excessively bully to beryllium true."

Madoff's monolithic fraud strategy is estimated to person ripped clients disconnected to the tune of $65 billion.

Despite the monolithic fiscal deed helium took, Bacon admitted that helium didn't expect to person overmuch sympathy for what helium experienced.

"I deliberation radical volition beryllium not blessed to perceive maine whining astir money," helium said.

Indeed, contempt saying that helium was "angry" astatine the time, Bacon remained good alert that helium was inactive successful a comparatively fortunate concern compared to immoderate of Madoff's different victims.

"There were a batch of radical who were overmuch worse disconnected than we were – aged people, radical whose status funds were wholly decimated," helium said. "There's ever going to beryllium idiosyncratic that's going to person it a batch worse than you."