We were duped. Our fact-checking process was obviously inadequate; we take full responsibility and we should have known better. New York apologizes to our readers.
The original story, which has since been corrected, quoted Mohammed Islam, a senior at Stuyvesant High School in New York, saying he was valued in the “high eight figures.” The story was picked up by The New York Post before The New York Observer ran a story quoting Islam admitting his fortune did not exist.
from Poynter. http://ift.tt/1wW3M0x