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Their morals are that if I lie about it and don't own up to it, then they can no longer trust me. After all the mainstream media blow up, Islam and Tulemaganbetov both offered remorse about their actions. Especially to our parents. I did something where I can no longer gain their trust. Click for more from The New York Observer. Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox.
Pressler said she didn't write it. Business Insider did its own reporting on Monday, eventually learning from an unnamed "source familiar with the story" that the figure was off the mark. Islam's high school Investment Club told Business Insider it performed "due dilligence" and discovered that "these claims are false" and had been hyped by "the media in the interests of sensationalism.
Islam then splashed cold water on the figure himself, telling CNBC on Monday that he doesn't even know who started the rumor. He also took issue with Pressler's write-up. In a statement to CNBC, New York Magazine defended Pressler's reporting, noting the headline change and the fact that the "story itself does not specify an amount.
It isn't hard to see why the story initially got so much attention. Pressler followed Islam and a pair of his friends around as they dined on caviar and fresh-squeezed apple juice. It's just a different thing," she said. That's just not what happened.
It can only happen in New York, these kids eating caviar, talking about how they're going to be the new Koch bothers. It seems like a uniquely New York milieu.