It was a reporter’s dream story and every young man’s dream: A New York City schoolboy made $72 million trading stocks during his lunch breaks. But it turned out it was a false story, a reporter’s nightmare, and another bad break for the media, whose reputation was already reeling from the University of Virginia rape fiction.
In New York magazine’s recent edition of “Reasons to Love New York,” number 12 was titled “Because a Stuyvesant Senior Made Millions Picking Stocks. His Hedge Fund Opens As Soon As He Turns 18.” The alleged budding Warren Buffet was 17-year-old Queens resident Mohammed Islam, who had supposedly started investing at the tender age of nine. And after some bumps in the road and stumbles, as the story went, he parlayed a meager investment into $72 million. But his real return?
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