Did a teenager really make $72 million trading stocks?
The amazing story of Mohammed Islam made waves around the Internet on Monday. New York magazine featured the 17-year-old in its 10th annual "Reasons to Love New York" list with an eye-popping statistic; Islam made $72 million trading stocks during his school lunch breaks.
Islam is a senior at Stuyvesant High School, a specialized public high school in New York City. He is said to own a BMW (even though he does not have a license) and eat $400 caviar lunches. The New York Post picked up his story and called Islam the "Teen Wolf of Wall Street."
That $72 million figure is now coming into question. Jeff Glor reports on how Islam and his classmates in the high school's investment club are responding