BBB CEO resigns after ABC News investigation

On Wednesday, the CEO of the Los Angeles chapter of the Better Business Bureau announced his resignation.

William Mitchell resigned after an ABC News investigation found companies which pay for BBB memberships get a higher rating than those that don't. It was Mitchell that came up with that grading system.

The investigation also found the BBB even sold memberships to non-existent businesses that immediately received "A" grades.

The BBB immediately altered its grading system following the ABC investigation.

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