Crime | Bernard Madoff Madoff May Plead Insanity Sources say attorneys are considering multiple personality disorder argument By Drew Nelles Posted Dec 28, 2008 3:56 PM CST Copied Bernard L. Madoff, chairman of Madoff Investment Securities, is seen on his Manhattan trading floor in this photo taken Dec. 30, 1999 in New York. (AP Photo/The New York Times, Ruby Washington) You'd have to be a little bit crazy to cook up a $50 billion Ponzi scheme, but Bernard Madoff’s lawyers are exploring taking things a bit further with an insanity defense. “They may even say he has a multiple personality disorder,” a source tells the New York Daily News. Madoff is reportedly taking anti-anxiety meds and barely speaks. “Insanity defenses rarely work. But if you can influence just one juror, he may stand a chance,” a psychiatrist says, adding that Madoff’s lawyers could claim he has dementia or bipolar disorder. But a criminal attorney doubts that would be successful: “His best defense is making himself essential to discovering where the money is and getting it to the victims.” Read These Next FBI parts ways with the ADL over Turning Point USA controversy. A Trump coin looks to be in the works, with legal questions swirling. Virginia's Dem nominee for AG is in hot water over 2022 texts. FEMA is holding back emergency funds to states unless they do this. Report an error