HIGHER EDUCATION BUBBLE UPDATE: When Colleges Defraud Donors. “Violating the wishes of a donor is akin to fraud, in my opinion, and I have seen it too often in academia. I think there should be serious consequences to violators of donors’ intent –why give to support your favorite cause if your wishes can easily be ignored? . . . Candidly, I would not buy a used car from some university administrators –their adherence to integrity and honesty is imperfect, putting it conservatively.”