Bernard Madoffs lawyers exploring insanity defence in $50 billion fraud case

December 29th, 2008 - 6:45 pm ICT by ANI  

New York, Dec 29 (ANI): Lawyers for the former chairman of Wall Street firm Bernard L. Madoff Investment Securities are reportedly exploring an insanity defence in the 50billion-dollar fraud case.

According to reports, Bernards family and his team of advocates may argue that during the alleged 50 billion fraud he underwent a mental breakdown.

Bernies family and his attorneys may argue that, somewhere along the line, he had a mental break, the New York Daily News quoted a Bernard acquaintance as saying.

They may even say he has a multiple personality disorder, the acquaintance added.

The 70-year-old financier, now a prisoner of his East Side penthouse, is said to be taking a heavy dose of anti-anxiety medication.

He seems really out of it, a source said.

However Madoffs lead attorney, Ira Lee Sorkin, told said: I have no comment on Mr. Madoffs defense or mental health. (ANI)

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