(PatrioticPost.com)- Kevin Bacon, star of the 1984 musical Footloose, finally opened up about investing in Bernie Madoff’s Ponzi scheme, which allegedly began sometime in the 1990s before his sons told authorities about the “big lie.”
Bacon was a guest on the Smartless podcast, hosted by Jason Bateman, Sean Hayes, and Will Arnett, when he finally talked about it after Hayes asked him about his involvement, adding that if he was not comfortable with it, they could cut the segment from the show.
The only other time Bacon opened up about it was during a 2017 with The Guardian, calling it “a bad day,” and saying that the real victims were elderly people whose savings were nearly completely wiped out.
During the podcast he reportedly said that he and his wife Kyra Sedgwick “had most of our money in Madoff.”
“Yeah, there’s obvious life lessons there. You know, if something is too good to be true, it’s too good to be true,” Bacon said. “And when something like that happens, you know, you look at each other, then you go, ‘Well, that sucks. Let’s, roll up our sleeves and get to work, you know?’”
“We’ve made it this far. Our kids are healthy. We’re healthy. You know, let’s look at…what we have that’s good. We can still both work and, yeah, I mean certainly, you know, you get angry and stuff, but I have to say that, you know, that dude—there were a lot of people who were much worse off than we were,” Bacon continued.
The star added that the real victims were those who lost their retirement fund before calling out some cliches saying “whatever doesn’t kill you makes you stronger and we just rolled up our sleeves.”
When Arnett asked if he was able to regain any of his money back from the scheme, bacon said that the payout was nothing near the total loss.
But “I think people will be, not happy to hear me whining about money,” he concluded.