An expose of bad businesses and their unethical practices

Representative Henry Waxman of California has accused a number of charities involved in raising money for veteran’s service of improper behavior verging on fraud. Waxman bases his charges on information provided by the American Institute of Philanthropy, which compiles and publishes information on charitable organizations.

Waxman cited cases in which organizations spent as much as ninety percent of their revenue on fundraising activities, leaving only ten percent for charitable uses, and who paid their offices as much as $500,000 per year. "This morning's hearing is about deceit and a sickening betrayal of our most fundamental values, and I hope it is the first step in fixing an intolerable fraud," Waxman said during a hearing Thursday to investigate the charities' fundraising activities.

There was considerable argument at the meeting of the House Committee on Oversight and Government Reform, of which Waxman is Chair. Still, some of the charges seem to be justified. While many veteran’s charity organizations do a great deal of good for their clients, others are clearly up to Bad Business.