Kevin Spacey attends gala dinner in Italy alongside acttress Madalina Ghenea after revealing he is on the brink of bankruptcy

Kevin Spacey was spotted attending the Nation Award of Michael Curatolo gala dinner in Taormina, Italy on Friday. 

The actor, 64, was seen alongside model Madalina Ghenea who was dubbed 'sexiest woman on the planet and beyond' last year after being in relationships with a variety of Hollywood A-listers, including Leonardo DiCaprio and Gerard Butler

Madalina, 36, donned a lavish brown floor length dress with a plunging neckline, and large bell sleeves. 

Kevin sported a summer style suit with a pastel blue blazer and trousers paired with a pale pink shirt. 

The sighting comes after Kevin admitted to being on the brink of bankruptcy due to his multi-million dollar legal fees and having to take up work teaching acting in Armenia.

Kevin Spacey was spotted attending the Nation Award of Michael Curatolo gala dinner in Taormina, Italy on Friday

Kevin Spacey was spotted attending the Nation Award of Michael Curatolo gala dinner in Taormina, Italy on Friday

The 64-year-old was seen alongside model Madalina Ghenea who was dubbed 'sexiest woman on the planet and beyond' last year

The 64-year-old was seen alongside model Madalina Ghenea who was dubbed 'sexiest woman on the planet and beyond' last year

He's currently attempting to re-build his career after being cleared of sexually assaulting four men last year.

But after spending the last few years as persona non grata in Hollywood, it seems that Kevin Spacey still had a fan base and captive audience in Armenia.

The Oscar-winner was in the capital of Yerevan where he taught an acting masterclass to students after being named the 'guest of honour' at the Golden Apricot International Film Festival.

His best friend Evan Lowenstein shared photos of the US actor, 'giving a masterclass to students in Yerevan, Armenia,' in which he appeared to be holding court with wannabe acting stars seated around him.

A video then showed Kevin addressing a packed out room of fans at Yerevan's Cinema House – an event that had to be relocated from the American University of Armenia, which appeared to disinvite him following a student protest.

'This is exciting and important for me,' he told the crowd, according to the Armenian  Press.

'It doesn't matter if you're on a professional stage or in a school troupe; you should simply act.

'While you can earn a lot of money in movies, a good actor is a good actor everywhere, and a bad actor is bad. If you think you can be in front of the camera or on stage, you will eventually get there.' 

Kevin Spacey is attempting to rebuild his career by teaching an acting masterclass in Armenia (pictured)

Madalina has been linked to a variety of Hollywood A-listers, including Leonardo DiCaprio and Gerard Butler

Madalina has been linked to a variety of Hollywood A-listers, including Leonardo DiCaprio and Gerard Butler

Kevin was in the Armenian capital of Yerevan this week where he taught an acting masterclass to students

Kevin was in the Armenian capital of Yerevan this week where he taught an acting masterclass to students

Despite the huge turnout at the event, Spacey's visit to the country – sponsored by the Yerevan municipality – has proved controversial.

Students at the AUA organized a protest upon finding out he was due to give a talk to students on their campus, hosted by the film festival organisers.

'We are deeply concerned and disappointed over the University's decision to provide a platform for a meeting with Kevin Spacey,' read the petition.

'This sends a troubling message to survivors of sexual assault and, more broadly, to the students, faculty, and community.'

Spacey is also set to be honoured at the Folkestone Independent Film Awards on July 20, for his role in action thriller Control – in which he plays a voice part.

Spacey has repeatedly denied the allegations of sexual assault, which first emerged in 2017, although he admitted his past behaviour was 'handsy' and 'pushed boundaries' during a recent interview with Piers Morgan.

'Being too handsy, touching someone sexually in a way that I didn't know at the time they didn't want... I am absolutely 150 per cent prepared to take accountability for those things that I did,' he said on Piers Morgan Uncensored.

He added: 'This week, where I have been living in Baltimore, is being foreclosed on. My house is being sold at auction.

'I'm not quite sure where I'm going to live now...I still owe a lot of legal bills that I have not been able to pay.'

Spacey was cleared of the charges brought against him at a high-profile trial at Southwark Crown Court last July.

Spacey has repeatedly denied the allegations of sexual assault, which first emerged in 2017, although he admitted his past behaviour was 'handsy' and 'pushed boundaries'

Spacey has repeatedly denied the allegations of sexual assault, which first emerged in 2017, although he admitted his past behaviour was 'handsy' and 'pushed boundaries'

Despite the huge turnout at the event, Spacey's visit to the country ¿ sponsored by the Yerevan municipality ¿ has proved controversial

Despite the huge turnout at the event, Spacey's visit to the country – sponsored by the Yerevan municipality – has proved controversial