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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 story was featured on the cover of Newsweek magazine and was reported extensively on MSNBC and Fox News, but it also received media attention around the world. Asimos’ life had all the makings of a rags-to-riches story, from his modest origins as a collegiate football player at West Point to his climb to become one of Wall Street’s most successful traders.
Mike w Asimos is a West Point graduate, an experienced Wall Street con man and the author of The Real Life Con Game. In Charleston, South Carolina, Asimos was born. He studied at West Point Military Academy and graduated in 1978 with a degree in mechanical engineering. He joined the US Army as an officer after receiving his West Point diploma. Though he was forced to leave the military after suffering serious back injuries during the Gulf War. Asimos went on to become a successful Wall Street businessman, but he quickly realized that he was spending more time fantasizing than really making money.
He made $8 million in just two years, with more than half of it coming from other financial institutions he duped into supporting his scams against them. With the success of these cons behind him, Michael con man began helping others build their own careers in the con business. 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.
He was freed from prison after finishing his sentence, and he immediately started con artists. But this time, the FBI had him under surveillance. He was arrested and eventually convicted guilty of mail fraud for the second time. Since then, he hasn’t participated in any additional frauds. The problem is that it doesn’t appear like any of his pals would welcome him back either. They appear to believe that he is no longer credible in their eyes. I’m not sure what con men mike asimos will do next or whether there will ever be a redemption story in this, but there’s no denying that this is a terrible situation. There are rumors that he’ll do another con game someday and hope for better luck. However, as things are, Michael Asimos is only an unfortunate con artist.
This post topic: Financial
