New York schoolboy who made $72MILLION trading stocks on his lunch breaks
- Thread starter trader99
- Start date
The story is not true. This seems to be a case of overzealous reporting without verifying the facts. Moral of the story: don't believe everything you read in the news.
This is an interview from a year ago that states he made $1000 to $2000 per day. Another week he made $3200.
He was also offered $9000 to $12000 a month to work for an investment firm, which he seems to seriously have considered.
http://issuu.com/stuyspectator/docs/volume_104__issue_6/13
He seems to have also been kicked out of the "Leaders Investment Club".
These are some posts on the clubs website:
"It has been brought to the attention of the Leaders Investment Club that Mohammed Islam has been rumored to have made $72,000,000 through making trades in the stock market. After performing due diligence and talking with Mohammed Islam himself, we have determined that these claims are false and simply been blown up by the media in the interests of sensationalism. We hold all our members to exacting moral and investing standards, and ask Mohammed Islam to clear up all misinformation surrounding his claims, misconstrued or otherwise. The goal of Leaders Investment Club is to promote the financial education of Millennials, and we disavow affiliation with members who fail to promote accurate and transparent information.
Sincerely,
The Leaders Investment Club Community"
http://leadersinvestmentclub.com/2014/12/15/statement-regarding-mohammed-islam/
"After further review, the Leaders Investment Club feels that Mohammed Islam’s tacit complicity in perpetuating false claims until pressed reveals a considerable lack of maturity and honesty. His continued refusal to provide audited returns or release proven numbers has raised concern, and we reluctantly announce his removal from our organization. The Leaders Investment Club has a no-tolerance policy towards inflated or falsified returns, and we continue to strive to source the strongest young talent who uphold both strong moral and investment principles.
Sincerely,
The Leaders Investment Club Community"
http://leadersinvestmentclub.com/2014/12/15/mohammed-islam-update/
This is an interview from a year ago that states he made $1000 to $2000 per day. Another week he made $3200.
He was also offered $9000 to $12000 a month to work for an investment firm, which he seems to seriously have considered.
http://issuu.com/stuyspectator/docs/volume_104__issue_6/13
He seems to have also been kicked out of the "Leaders Investment Club".
These are some posts on the clubs website:
"It has been brought to the attention of the Leaders Investment Club that Mohammed Islam has been rumored to have made $72,000,000 through making trades in the stock market. After performing due diligence and talking with Mohammed Islam himself, we have determined that these claims are false and simply been blown up by the media in the interests of sensationalism. We hold all our members to exacting moral and investing standards, and ask Mohammed Islam to clear up all misinformation surrounding his claims, misconstrued or otherwise. The goal of Leaders Investment Club is to promote the financial education of Millennials, and we disavow affiliation with members who fail to promote accurate and transparent information.
Sincerely,
The Leaders Investment Club Community"
http://leadersinvestmentclub.com/2014/12/15/statement-regarding-mohammed-islam/
"After further review, the Leaders Investment Club feels that Mohammed Islam’s tacit complicity in perpetuating false claims until pressed reveals a considerable lack of maturity and honesty. His continued refusal to provide audited returns or release proven numbers has raised concern, and we reluctantly announce his removal from our organization. The Leaders Investment Club has a no-tolerance policy towards inflated or falsified returns, and we continue to strive to source the strongest young talent who uphold both strong moral and investment principles.
Sincerely,
The Leaders Investment Club Community"
http://leadersinvestmentclub.com/2014/12/15/mohammed-islam-update/
Stuyvesant H.S. senior says the $72M net worth he racked up 'day trading stocks' was only
simulated cash, not real money
http://www.nydailynews.com/new-york...putes-72m-trading-net-worth-article-1.2046248
simulated cash, not real money
http://www.nydailynews.com/new-york...putes-72m-trading-net-worth-article-1.2046248
good luck when he applies for a IB summer analyst in a few years!
The kid is a star...he has been able to do what most can't do via guaranteeing he gets his foot in the door on wall street after he finishes college especially if he wants to do an intern...all dependent upon his SAT scores and then college grades. Lots of firms looking for such...he won't easily be forgotten. He'll probably get laid more often too.
Seriously, the only person that will get slammed about this is the author. There's been prior sensationalism stories in the past by the author. Kind'uv reminds me of the true story movie...Shattered Glass played by Hayden Christensen
The real life story about the author Stephan Glass. Anyone here see the "funny" connection here with one of this Mohammed Islam friends and a character in Shattered Glass ? This cannot be just a coincidence.
Therefore, give the kid some slack if he ever joins ET via not demanding real time calls.
Last edited: