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Post by Derbymanc on Wed 17 Dec 2014, 10:56 am

Student Mohammed Islam Who Claimed To Make Millions Trading On Stock Market 'Made It All Up'

The student who claimed to have made millions trading stocks in his lunch break "made it all up" and says he is sorry to his parents for lying.

Mohammed Islam hit headlines across the world after the New York magazine ran a story saying he had made $72m playing the stock market. But, in a later interview with the New York Observer, Islam admitted he hadn't earned anything from dabbling in finance.


Mohammed Islam hails from Queens, New York and attends Stuyvesant High School

"I run an investment club at Stuy High [his school] which does only simulated trades," he told the paper.

17-Year-Old Student Made £45Million Trading Stocks In His Lunch Break
Islam says he "honestly doesn't know" where the $72m figure came from, but that he led the New York magazine reporter to believe he had made more than that amount on the simulated trades.

The 17-year-old now has reality to face; his dad wanted to disown him while his mother said she never wants to speak to him again.

"Their morals are that if I lie about it and don't own up to it then they can no longer trust me," he added. "They knew it was false and they basically wanted to kill me and I haven’t spoken to them since."

Islam is certainly humble after his fall from grace.

"I am incredibly sorry for any misjudgment and any hurt I caused. The people I’m most sorry for is my parents. I did something where I can no longer gain their trust. I have one sister, two years younger, and we don’t really talk."

Dunno who but this reminds me of someone???

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Post by TopHat24/7 on Wed 17 Dec 2014, 1:29 pm

The daft sod is the silly bird journo that believed him and didn't check her 'facts' out!!

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Post by Derbymanc on Wed 17 Dec 2014, 1:34 pm

Online news seems to do that all the time now toppy (check out cracked.com for a bunch of articles on just that, you won't be surprised that the mail seems to do it ALL the time)

I still don't understand why he didn't come clean in the first place, it's still a decent achievment even if it was for monopoly money.

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Post by Adam D on Wed 17 Dec 2014, 1:38 pm

Does Strongback live in New York now?

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Post by TopHat24/7 on Wed 17 Dec 2014, 4:17 pm

Derbymanc wrote:Online news seems to do that all the time now toppy (check out cracked.com for a bunch of articles on just that, you won't be surprised that the mail seems to do it ALL the time)

I still don't understand why he didn't come clean in the first place, it's still a decent achievment even if it was for monopoly money.

Didn't think it was online news though, Derby?

Pretty sure the story originated in the Washington Post or something like that. Hence why it gained so much traction, as it appered reputable.

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Post by kingraf on Wed 17 Dec 2014, 8:17 pm

Is it really as impressive when it's done with play money? Don't get me wrong, it's no mean feat, but it's sorta like walking on a flaming tightrope, backwards, while juggling chainsaws one foot off the ground... That's great and all, but you're still only one foot off the ground.
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Post by Derbymanc on Wed 17 Dec 2014, 8:28 pm

laughing

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