{
  "id": 15764320,
  "title": "Mark Cuban set up a ‘chain letter’ to pay college fees; he admits it was Ponzi scheme",
  "url": "https://urgent.news/2026/10/20/mark-cuban-set-up-a-chain-letter-to-pay-college-fees-he-admits-it-was",
  "topic": "culture",
  "section": "Culture",
  "published": "2026-10-20T11:13:14.000Z",
  "source": {
    "name": "Times of India",
    "slug": "times-of-india",
    "url": "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"
  },
  "original_language": "en",
  "account": null,
  "summary": "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…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}