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Did a teenager really make $72 million trading stocks?

The 17-year-old is refuting claims he made a whopping $72 million trading stocks; instead, the student says he only made a few million
NYC boy denies reports of making $72 million trading stocks 01:08

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

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