Movie star Kevin Bacon revealed in a podcast posted Monday that his family lost “most” of their money in the Bernie Madoff Ponzi scheme. 

“There’s obvious life lessons there. You know, if something is too good to be true, it’s too good to be true,” the “Footloose” star said during an appearance on the “SmartLess” podcast, hosted by fellow actors Jason Bateman, Sean Hayes and Will Arnett. “And when something like that happens, you know, you look at each other, then you go, ‘Well, that sucks. Let’s, roll up our sleeves and get to work,’ you know?” 

Bacon first spoke about his family being victims in the Madoff scandal during a 2017 interview with The Guardian. Monday’s interview is believed to be the first time he’s spoken publicly at length about it. 

He did not reveal how much money the family lost. Various news reports have said it was millions.

Bacon, 64, is married to actress Kyra Sedgwick, and they have two children together. 

Bacon said his family recovered a “portion” of the money, but he hinted it was nowhere near the total amount they lost.

Madoff, a prominent New York financier, pleaded guilty in 2009 to running a Ponzi scheme that resulted in as much as $20 billion in cash losses and $65 billion in paper losses. He was sentenced to 150 years in prison and died in April 2021 at age 82.

According to the Madoff Victim Fund, more than $4 billion has been returned to more than 40,000 victims. 

“Certainly, you get angry and stuff, but I have to say, there were a lot of people who were much worse off than we were – old people, people whose retirement funds were completely decimated,” Bacon said. “So there’s always going to be somebody that’s going to have it a lot worse than you.

“I think people will be not happy to hear me whining about money,” he added.