Too bad the hoax didn’t last a few more days or the young ‘’genius’’ would have been given a multi-million-dollar job at a Wall Street hedge fund.
for later
You need at least a couple of elements to make a hoax like this into a media sensation. First, you need media people who don’t know much of anything about finance—the outlets mentioned are most likely staffed with people who have little knowledge of basic business, trading, or economics. I doubt any of them know how a trade is made.
Second, you need a culture of sensationalism—this is a core element of most media outlets.
Voila! You have a HS student who trades his way to $72M. Nobody with basic knowledge of investments and trading would have been fooled by this story. It takes a special degree of ignorance.
Thoughts:
A. My guess is the IRS had already started investigating him, with mixed thoughts.. They hunger for the tax to be collected but hate to take it from a privileged minority.
B. I wouldn’t hold my breath waiting for a reporter, or any liberal for that matter, to feel shame. Just newsfodder to keep people from thinking about the monster debt, the illegals coming in with their hands out and their diseases spreading..
The media has been propagandizing for so long now they’re suseptible to other liars. They don’t know the truth, they hide the truth.
Apparently the reporter hasn’t tried to set up a brokerage account lately. Let me tell you, it isn’t as easy as signing a piece of paper. They want to know all sorts of information, including age, SS#, past trading experience, NET WORTH, bank account info, etc.
And you must provide documentation of some of this information, including a official PICTURE IDENTIFICATION such as a Drivers License, passport, etc.
Assuming this teen had a official picture ID, I don’t think he would have looked of age to set up an account to start with.
“Mo Islam”? Surely no one saw this as a joke????
Who needs Mo Islam? Not me.....
His name s “Mohammed Islam?”...sheesh...people are soooo gullible
“Journalism” today is a pathetic joke. There are exceptions, but not many.
I said “I smell a rat” when I first heard of it. Now it’s a hoax. The media is crashing and burning at an incredible rate. I hope then all end up in ashes.
Now he’s perfectly qualified to be a reporter for MSNBC.
I remember when I was young and innocent. I trusted Santa Claus and the Media.