The rumor at New York's Stuyvesant High School was that 17-year-old student Mohammed Islam was a financial genius who had made $72 Million in the stock market. This might have remained just a high-school rumor, except that
New York Magazine got wind of it and arranged an interview with the young whiz kid. Over a lunch of caviar and apple juice, "Mo" Islam told reporter Jessica Pressler that he had already rented an apartment in Manhattan, bought a BMW, and planned to start his own hedge fund. Pressler seemed impressed. In her subsequent article, headlined "A Stuyvesant senior made $72 million trading stocks on his lunch break," she said the rumor of his wealth "seemed legit." Naturally, such a remarkable story attracted attention, and that's when it all began to unravel. Faced with the prospect of telling his rags-to-riches story in front of TV cameras, Mo Islam panicked and admitted it was all a lie. The reality was he hadn't made a cent. He had never even traded real stocks, only simulated ones as part of an investment club.
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