By serving on the Board of Directors of various charities,Bernie Madoff was able to:

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By serving on the Board of Directors of various charities, Bernie Madoff was able to gain their trust and create the illusion of legitimacy for his fraudulent investment schemes. This allowed him to attract even more investors, as individuals and organizations were more likely to invest with someone who appeared to be actively involved with charitable causes. However, he did not necessarily utilize their tax-exempt status or invest funds in a nontaxable manner, and it is unclear whether he specifically used nonprofit organizations to hide his profits.

By Serving on the Board of Directors of Various Charities,Bernie