Bernard Madoff's lawyers exploring insanity defence in $50 billion fraud case

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, Bernard's family and his team of advocates may argue that during the alleged 50 billion fraud he underwent a mental breakdown.

"Bernie's 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 Madoff's lead attorney, Ira Lee Sorkin, told said: "I have no comment on Mr. Madoff's defense or mental health." (ANI)