Mike Asimos: A True American Con Artist Story
Michael Asimos, who made headlines when he was sentenced to eight years in jail after pleading guilty to fraud, money laundering, and other offenses, is a true story of the American dream gone bad. The news was covered extensively by MSNBC and Fox News, appeared on the headlines as michael asimos news week, and was covered by media outlets worldwide. From his humble beginnings as a college football player at West Point to his rise as one of Wall Street’s most successful traders, Asimos’ life had all the elements of a rags-to-riches tale.
A West Point alumnus with years of Wall Street con expertise, Michael w Asimos is the author of The Real Life Con Game. In Charleston, South Carolina, Asimos was born. After finishing his education at West Point Military Academy, he got a mechanical engineering degree in 1978. After graduating from West Point, he became an officer in the US Army. Despite this, he was forced to quit the service due to major back injuries sustained during the Gulf War. Asimos went on to establish himself as a successful businessman on Wall Street, but soon found himself spending more time dreaming about money than making it.
It took him just two years to make $8 million dollars – almost half of which came from other financial institutions that were duped into funding the scams he had perpetrated against them. After these scams were successful, Asimos started assisting others in launching their own con professions. Michael Asimos had a good childhood. But when the 2008 financial crisis hit Wall Street, what should have been his defining moment turned out to be a disaster. Successful Wall Street broker Michael Mike Asimos became FBI informant, aiding authorities in exposing a significant securities fraud conspiracy. Despite years of masking his identity, he was sentenced to five years in jail for his role in the plot.
After serving time in prison, he was released and quickly began scamming again. However, the FBI was watching him this time. He was arrested and convicted of mail fraud for a second time. Since then, he hasn’t participated in any additional frauds. The difficulty is that none of his friends appear to want to see him return. They appear to believe that he is no longer credible in their eyes. I’m not sure what Mike Asimos will do next or whether there will finally be a redemption tale in this, but there’s no doubt that this is a difficult position. It’s said that he’ll play another con game in the future and try his luck again. But as it stands right now, Michael Asimos is really just an out-of-luck con man.
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