High school student earns over $70M in stock market a Hoax?

A senior at Stuyvesant high school, Mohammed Islam has already done what most seniors aren't thinking about.  He purchased a BMW with no license and rented a Manhattan apartment, but still lives with his parents.

Why?  Because Mohammed over the past two years has won over $1billion trading in the New York City stock market.  He was very discreet about his exact income and told the NY Post that his pay grade ranges in "The high eight figures."  The story was first released and scouted by Jessica Presser.

The Queens resident enjoys hanging out with his comrades enjoying $400 caviar while they study for school exams and search for colleges.  

According to Business Insider, sources closest to the young prodigy have made claims that Mohammed hasn't made $72,000,000.  The investment of young traders sent a letter to Business Insider stating: 

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.

Looks like the Mohammed family is not coming forward and media outlets have received mixed messages from Islam's partner Damir Tulemagabetov.