17-Year-Old Mohammad Islam Claims USD 70.5 Million Fortune Is A Fib

LBCI Magazine
15-12-2014 | 10:55
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17-Year-Old Mohammad Islam Claims USD 70.5 Million Fortune Is A Fib
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17-Year-Old Mohammad Islam Claims USD 70.5 Million Fortune Is A Fib

A teenager was dubbed “dubbed the "teen wolf of Wall St" after he amassed a USD 70.5 million fortune from stock market trading during his lunch breaks in school.

Mohammed Islam, 17, claims that he has banked an "eight figure" sum from his investments and share portfolio.

Islam attends Stuyvesant High School in New York and still lives at home with his parents. Although he cannot drive, he bought himself a top of the range BMW car, and is considering renting an apartment on his own in Manhattan.

In an interview with New York Magazine, Islam said: “What makes the world go round? Money. If money is not flowing, if businesses do not keep going there is no innovation, no products, no investments, no growth, no jobs."
         

However, in a later confession, the New York City high schooler said he made it all up.                 

Islam has now hired a pricey crisis PR firm and battle-tested attorneys to help him spread the word.              

He was surrounded by his new entourage when he came clean to the New York Observer about his little fib-turned-major international news story on Monday.                  

He now claims to have no clue where New York Magazine came up with the huge figure.      

Meanwhile, the reporter whose story made Islam an internet star insists she was shown bank statements that show he's worth eight figures, which would mean at least $10 million.

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