Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

Story of the $72 million teen trader unravels
cnnmoney ^ | 12/15/14 | Tom Kludt

Posted on 12/15/2014 7:18:24 PM PST by Signalman

It didn't take long for New York Magazine's story on a 17-year-old stock whiz with a rumored net worth of $72 million to make a splash. But the story's juicy premise unraveled almost as quickly. Wapo.com Jessica Pressler wrote the profile of Mohammed Islam, a senior at Stuyvesant High School in Manhattan, for a feature called "Reasons to Love New York." After getting an advanced look at Pressler's piece, the New York Post put the improbable story on its Sunday front page. By Monday morning, Islam's story was one of the hottest on Facebook.

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

(Excerpt) Read more at money.cnn.com ...


TOPICS: Business/Economy
KEYWORDS: mohammedislam; newyork; newyorkcity; queens; scam; trader
Navigation: use the links below to view more comments.
first 1-2021-4041-6061-64 next last

1 posted on 12/15/2014 7:18:24 PM PST by Signalman
[ Post Reply | Private Reply | View Replies]

To: Signalman

A muslim lying? Imagine that.....


2 posted on 12/15/2014 7:19:13 PM PST by john drake (Lucius Accius-Roman,170 BC - "oderint dum metuant" translated "Let them hate so long as they fear")
[ Post Reply | Private Reply | To 1 | View Replies]

To: john drake

On this point I can give him a break. He’s a teen and he and his friends had a fool of a reporter who was willing to write down whatever they told her as fact.


3 posted on 12/15/2014 7:21:22 PM PST by Jonty30 (What Islam and secularism have in common is that they are both death cults)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Signalman

By Laura Italiano

December 14, 2014 | 4:52am

She should resign and become a fantasy writer.


4 posted on 12/15/2014 7:22:24 PM PST by Jet Jaguar (Resist in place.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Signalman

The “content contributors” certainly haven’t covered themselves with glory in recent months.


5 posted on 12/15/2014 7:24:33 PM PST by Arm_Bears (Rope. Tree. Politician. Some assembly required.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Jonty30
On this point I can give him a break. He’s a teen and he and his friends had a fool of a reporter who was willing to write down whatever they told her as fact.

I'm a bit older than a teenager - quite a bit. Can't say that if I had the hook set in this reporter that I wouldn't let the sucker run awhile.

6 posted on 12/15/2014 7:24:45 PM PST by Damifino (The true measure of a man is found in what he would do if he knew no one would ever find out.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Signalman

Liberal rag gets punked.


7 posted on 12/15/2014 7:24:59 PM PST by Blood of Tyrants (Good Muslims, like good Nazis or good liberals, are terrible human beings.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Signalman
Mohammed Islam

Lies like a [prayer] rug. At least he was named appropriately.

8 posted on 12/15/2014 7:25:01 PM PST by Ezekiel (All who mourn the destruction of America merit the celebration of her rebirth.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Jet Jaguar
Naw. She simply needs to move up to the big leagues.
Like the Rolling Stone.
Then maybe even spokesperson for the President.
9 posted on 12/15/2014 7:25:39 PM PST by builder (I don't want a piece of someone else's pie)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Signalman
I run an investment club at Stuy High which does only simulated trades.

He will sure be a hero to his little club, I have to admit that in his high school, it must be a pretty cool scam to have pulled.

10 posted on 12/15/2014 7:25:43 PM PST by ansel12
[ Post Reply | Private Reply | To 1 | View Replies]

To: Jet Jaguar
Penny stocks. That was the first clue.(shakes head)

It was a good chuckle by Mr. Islam, nice joke.

11 posted on 12/15/2014 7:27:03 PM PST by Theoria (I should never have surrendered. I should have fought until I was the last man alive)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Signalman

Remember the guy who hooked the media on the “Barney & Friends” being a subliminal devil worship experiment? They swallowed the hook, line, and sinker. The press conference made it true.


12 posted on 12/15/2014 7:27:12 PM PST by blackdog (There is no such thing as healing, only a balance between destructive and constructive forces.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Signalman
When I saw the hideous red tie, I knew.

You can get one for $9 at Kohls.

No millionaire would wear such a tie.

13 posted on 12/15/2014 7:27:32 PM PST by SamAdams76
[ Post Reply | Private Reply | To 1 | View Replies]

To: john drake

LOL! I was just talking about this on another website, I use to drive a yellow cab in the 1990s in Queens NYC and deal with the Muzzies every day, and they would tell me this crap all the time with the straightest face. “Oh I made $300,000 on the stock market, I own 4 buildings, and 4 cars” meanwhile they are driving a taxi. They are the biggest BS artists going. I don’t know why, or why they would tell me because it wasn’t like they were going to scam anything from me, they just seem to have this ego problem when it came to money. Like if I had a good day and I made a few hundred, they would say “Oh I made a thousand” lol lol Same crap going on here with this kid, and I actually knew a “Mohammed Islam” who worked out of my garage. I use to tease him and introduce myself as “Jesus Christian” so I wonder if this kid is related or “Islam” is a name they use that is just as common as “Mohammed”.


14 posted on 12/15/2014 7:28:55 PM PST by GrandJediMasterYoda (Obama: 7 acts of blatant treason and counting.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Theoria
Back in 2013. THE 20 UNDER 20: Meet The Teen Traders Trying To Take Over The Finance World
15 posted on 12/15/2014 7:29:26 PM PST by Theoria (I should never have surrendered. I should have fought until I was the last man alive)
[ Post Reply | Private Reply | To 11 | View Replies]

To: expat_panama

Unwow ping. All a fabrication. Kid does have lots of money, wonder how he got it.


16 posted on 12/15/2014 7:31:22 PM PST by Aliska
[ Post Reply | Private Reply | To 1 | View Replies]

To: Signalman

I’m sure the bimbo demanded to see his Schedule K...right?

I mean, she’s a sophisticated member of the uber-sophisticated NY media...

NY can blow me. Losers. Every single resident. You are the biggest suckers going, as defined in Hyman Minsky’s Financial Instability Hypothesis. Have fun when it all falls apart, losers.


17 posted on 12/15/2014 7:32:58 PM PST by ameribbean expat
[ Post Reply | Private Reply | To 1 | View Replies]

To: Jonty30
He’s a teen and he and his friends had a fool of a reporter who was willing to write down whatever they told her as fact.

Reminiscent of the willing dupe Margaret Mead in Samoa.

18 posted on 12/15/2014 7:33:14 PM PST by Flycatcher (God speaks to us, through the supernal lightness of birds, in a special type of poetry.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: ansel12

What he pulled off makes our old senior pranks look pretty pale. Kudos to him for a good reeling in of a fish.


19 posted on 12/15/2014 7:35:56 PM PST by ProtectOurFreedom
[ Post Reply | Private Reply | To 10 | View Replies]

To: Theoria
I made a few absolute killings on OTC stocks. When money was 15% in the early 80's, there were some really good ones on their way up. I bought a production company out of Canada for sixty six cents. I spent my entire 20 years old life's savings on it with a sell order at $4.00.

I had bought what would become Nickelodeon. It also had a show called "Nurse" which went into syndication about six months after I bought the stock. If I had held it, my $2800 would have been well over $100,000 in four years. We needed the money for other things as I had just gotten married.

Savin Corporation murdered me. So did Surebeam.

20 posted on 12/15/2014 7:36:08 PM PST by blackdog (There is no such thing as healing, only a balance between destructive and constructive forces.)
[ Post Reply | Private Reply | To 11 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-6061-64 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson