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Kevin Bacon Opens Up About Losing 'Most' Of His Money in Bernie Madoff's Ponzi Scheme

Kevin Bacon is opening up about his involvement in Bernie Madoff‘s Ponzi scheme, which lost the actor “most” of his money.

The 64-year-old Footloose star spoke on the Smartless Podcast, and looked back on the scheme.

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Bernie Madoff's Cause of Death Has Been Revealed

  • Bernie Madoff, the mastermind of the biggest fraud in Wall Street history, died last month while in prison and his cause of death has been revealed – TMZ
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  • Josh Duggar is in some huge trouble – Celebitchy
  • The girl from the “Disaster Girl” meme just made so much money – DListed
  • So many great new songs have been released this weekend – Just Jared Jr

Bernie Madoff, Known for His Massive Ponzi Scheme, Dies in Prison at 82

Bernie Madoff, the man responsible for orchestrating the largest Ponzi scheme in history, has passed away in prison on Wednesday (April 14).

The 82-year-old was imprisoned at the Federal Medical Center in Butner, North Carolina, and the AP was able to confirm his death from natural causes. The person who confirmed his death spoke on the condition of anonymity.

During the pandemic, his lawyers attempted to get him an early release saying he was suffering from end-stage renal disease and other chronic medical conditions. He was denied this request.

Some of the clients he represented over the years included Kevin Bacon, Kyra Sedgwick, John Malkovich, Steven Spielberg, and more.

No further information was released about his death at this time.