Bacon's publicist, Allen Eichhorn, confirmed Tuesday that the couple had investments with Madoff. He wouldn't say how much money Bacon, whose most recent film is "Frost/Nixon," and "The Closer" star Sedgwick might have lost.
Madoff told federal investigators that his investment business was "a lie" that lost as much as $50 billion.
Other Hollywood victims have included a charity linked to director Steven Spielberg and his DreamWorks partner Jeffrey Katzenberg, and screenwriter Eric Roth, whose credits include "Forrest Gump" and "The Curious Case of Benjamin Button."