Kevin Bacon and Kyra Sedgwick are one of those endearing couples that have stood the test of time – unfortunately, New York magazine is reporting that the couple were victims of Bernie Madoff’s $50 billion Ponzi scheme.

Their rep confirms that Kevin Bacon and Kyra Sedgwick have lost money, but how much is yet to be known. Rumors abound that Bacon and Sedgwick have lost everything except their checking accounts and the property they own.