The 13 best comments about the 17-year-old New York high-school student Mohammed Islam, who just admitted he lied about claiming to have made $72M in the stock market. (Viral story from yesterday)

Comments regarding this story, in case you missed it:

http://observer.com/2014/12/exclusive-new-york-mags-boy-genius-investor-made-it-all-up/

1.

When I was 9, I made so much money in real estate the bank ran out of money to give me.

Errrr, wait, that was monopoly.

2.

He may be an idiot but those who believed his story are bigger idiots.

3.

(response to that one -) Oh, you can bet 90% of people believed every word of it. If the newspaper and TV said it is so then it must be true.

4.

He is probably getting job offers from investment bank as we speak, and not because he made 72 million on paper, but because he could lie and dupe half the world into believing it.

5.

$72M... $1M for every virgin.

6.

Well, if the Fed can just make up 'money', why can't he just make up 'profits'?

7.

The BallWasher Media abdicates its duty of verification to simply promote "Diversity" as feel-good even-immigrants-can-do-it-too crap to amuse the elite and placate everyone else.

8.

This is your proof to never ever get your info from the MSM.

9.

(responding to another commenter -) Do you know how much paperwork is required by the I.R.S. PER TRADE? He would have needed a whole fucking accounting firm to sort through this "day traders" bullshit. If you make a $100,000 it costs an extra $1000 for the CPA to fill out the forms for long term/short term gain/loss. I knew it was bullshit at the headline.

10.

(same guy -) I knew it was bullshit and didn't bother to read the article. UGMA (uniform gift to minors act) prohibits kids from trading real money without parental approval. One of my parents had to sign off on each trade I made as a minor (35 years ago).

11.

The pinnacle of American Financial Journalism, right here, in one story:

Research, nope.

Financial envy, yep.

Quality, nope.

Responsibility, nope.

12.

Credible media stories are a thing of the past. Clickbait and get the views for media $$. There are enough sites to recycle crappy reporters/bloggers. "A lie can travel halfway around the world while the truth is putting on it's shoes." -Mark Twain

13.
And on a more matter-of-fact note:

I'm glad he didn't lose any real money. Simulated trades in penny stocks do not take into account the effect one's own trades have on the price, so those numbers are bogus any way you look at it.

**Comments taken from here - I just corrected some punctuation -**

http://www.zerohedge.com/news/2014-12-16/17-year-old-trading-genius-who-made-72-million-actually-just-made-it-all