Mark Cuban's Controversial College Funding Method: A Ponzi Scheme

Reported about 10 hours ago

Before achieving fame as a billionaire and Shark Tank investor, Mark Cuban resorted to running a Ponzi scheme during college to finance his education. In his early 1980s dorm room at Indiana University, Cuban organized a 'chain letter,' asking individuals to contribute $100, with a promise of eventual returns as names cycled through the list. Though he ensured his friends recouped their contributions, Cuban later transitioned to legitimate entrepreneurial ventures, leading to his immense wealth.

Source: YAHOO

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