Science and technology · India
Mark Cuban set up a ‘chain letter’ to pay college fees; he admits it was Ponzi scheme
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Mark Cuban's inventive approach to funding his college education in the 1980s involved a unique dorm room chain letter that mimicked a Ponzi scheme. He sought financial support from other students, redistributing a portion of the money to prior contributors. Cuban’s entrepreneurial journey began with selling trash bags to neighbors. After graduating, he moved to Dallas, immersing himself in tech skills while balancing work commitments.
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- Source
- https://timesofindia.indiatimes.com/technology/tech-news/billionaire-mark-cuban-set-up-a-chain-letter-to-pay-his-fees-in-junior-year-of-college-he-now-admits-it-was-basically-ponzi-scheme-heres-how-it-worked/articleshow/135068633.cms
- Published
- 20/10/2026 11:13 UTC
- Captured
- 20/10/2026 16:26 UTC
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