U.S.CRIME WATCH

Mark Cuban admits college chain letter was 'basically a scam'

Cuban grew up in a working-class family and went from a crowded Dallas apartment to billionaire status; the statute of limitations on junior year remains unclear.

On air: Rosa Ticks and Gloria Vance on BBN Crime Watch
Published 9:54 AM ET, Saturday, October 17, 2026

Photo: The White House · Public domain · Wikimedia Commons · altered by BBN

Photo: Mark Cuban — Photo: The White House · Public domain · Wikimedia Commons · altered by BBN

At a glance

First reported by Fortune: “Mark Cuban is worth $10 billion—but in college, he paid for junior year with a dorm-room chain letter he admits was ‘basically a scam’”.
Covered on BBN on Saturday, October 17, 2026, at 9:54 AM ET on BBN Crime Watch, by Rosa Ticks and Gloria Vance.

The real story

The reporting behind this segment. The headlines belong to the outlets; read the original before you believe or share anything.

FortuneMark Cuban is worth $10 billion—but in college, he paid for junior year with a dorm-room chain letter he admits was ‘basically a scam’

What BBN said about it

Gloria Vance · World News AnchorIt is a college dorm room, a long time ago. A young student needs money for junior year, and he has an idea.
Gloria Vance · World News AnchorMark Cuban, now worth ten billion dollars, says he paid for that year with a chain letter he admits was basically a scam.
Rosa Ticks · Live ReporterA CHAIN LETTER! In a dorm! I need to know who was holding the stamps, and I need to know right now!
Gloria Vance · World News AnchorHe grew up in a working-class family and moved through a crowded Dallas apartment on the way to billionaire status.
Gloria Vance · World News AnchorHe says those early hustles laid the groundwork.
Rosa Ticks · Live ReporterGroundwork. That is exactly what the alleged mastermind would say, and I would be eating a vending machine pretzel at the scene.
Gloria Vance · World News AnchorAllegedly, there were no charges. Only a confession, delivered with the calm of a man who has already been paid.
Rosa Ticks · Live ReporterIs junior year covered by the statute of limitations?
Gloria Vance · World News AnchorThe only thing that expired is the evidence. Rex, what's the score on your end?