An Insanity Plea for Madoff?

It might seem a stretch, but fallen financier Bernard Madoff’s legal team may be “exploring an insanity defense,” according to the New York Daily News.

“Rush & Molloy” in the New York Daily News:

“Bernie’s family and his attorneys may argue that, somewhere along the line, he had a mental break,” says a Madoff acquaintance. “They may even say he has a multiple personality disorder.”

Madoff’s grip on reality does show signs of slipping. The 70-year-old financier, now a prisoner of his East Side penthouse, wore a weird smile when he was photographed shortly after his Dec. 12 arrest. He’s also said to be taking a heavy dose of anti-anxiety medication.

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AP photo / Jason DeCrow

Bernard Madoff returns to his Manhattan apartment after making a court appearance on Dec. 17.