Business News
Published: Dec 16, 2014
LIAR! $72 million High School student investment hoax [PHOTOS\VIDEO]
by Maria Gomez


LIAR! $72 million High School student investment hoax [PHOTOS\VIDEO], A lot of folks were buzzing about 17-year-old Stuyvesant High School senior Mohammed "Mo" Islam, who was rumored to have made $72 million from trading.

New York Magazine's Jessica Pressler profiled him in a recent issue for a feature called "Reasons to Love New York."

After receiving an advanced look at Pressler's piece, the New York Post placed the improbable story on its Sunday front page. By Monday morning, Islam's story was one of the hottest on the internet.

Then it all fell to pieces. In an interview with the New York Observer published Monday night, Islam admitted that he fabricated the whole story and never actually made a return on any investment. "So it's total fiction?" asked the Observer. "Yes," Islam said.

A spokeswoman for New York magazine said only that the magazine was “looking into it further and will update accordingly.”

Clearly the fact-checking of a middle-class kid who lives in Elmhurst, Queens, could have been more stringent. Business Insider has much more here.

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