Kevin Bacon Scam Victim

Kevin Bacon and his wife, Kyra Sedgwick, are said to be the latest victims to have lost money on investments with alleged Wall Street funny moneyman Bernard Madoff. Madoff, who is now under house arrest in his multi-million dollar Manhattan apartment, is accused of running a purported $50 billion, world-wide Ponzi scheme, which may be the largest fraud in Wall Street history. Earlier investors were said to have been paid off by later investors, but the scheme came unraveled when the economy soured and numerous investors sought to be repaid at once. (Photo: WENN)