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Kevin Bacon Details Losing Most of His Fortune to Bernie Madoff's Ponzi Scheme

Kevin Bacon opens up about losing 'most' of his fortune, when Bernie Madoff's Ponzi scheme collapsed following the 2008 financial crisis. The 64-year-old actor recalls his and wife Kyra Sedgwick's financial catastrophe on an episode of the 'SmartLess' podcast, hosted by Will Arnett, Jason Bateman and Sean Hayes. Kevin says, 'There's obvious life lessons there. If something is too good to be true, it's too good to be true.'