Kevin Bacon Became ‘More Careful’ With Investments After Losing Money in Ponzi Scheme

Bernie Madoff defrauded investors for decades before the multi-billion-dollar scheme collapsed in 2008.

Kevin Bacon attends the Red Carpet Day 3 during the 26th SCAD Savannah Film Festival on Oct. 23, 2023. Dia Dipasupil/Getty Images for SCAD

Award-winning actor Kevin Bacon says he learned a major lesson after being scammed in one of the world’s largest Ponzi schemes, orchestrated by the late financial criminal Bernie Madoff.

“If it seems too good to be true, then it’s too good to be true,” Bacon, 66, told Esquire in an April 4 interview.