Mike Asimos: A True American Story of Con Artist
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 heavily covered by MSNBC and Fox News, featured on the cover of Newsweek, and was covered by media outlets all over the world. From his humble beginnings as a collegiate football player at West Point to his rise to become one of Wall Street’s most successful traders, Asimos’ life had all the makings of a rags-to-riches narrative.
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. 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.
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. After these scams were successful, Asimos started assisting others in launching their own con professions. As a young man, Michael Asimos had everything going for him. But when the 2008 financial crisis hit Wall Street, what should have been his defining moment turned out to be a disaster. Michael Mike Asimos, a successful Wall Street broker, became an FBI informant, assisting investigators in uncovering a massive securities fraud scheme. He was nonetheless given a five-year prison term for his part in the conspiracy after years of hiding his identity.
After serving time in prison, he was released and quickly began scamming again. However, the FBI was watching him this time. He was detained and later found guilty of mail fraud once again. He has not committed any other scams since then. 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 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. He’s claimed to plan on playing another con game and trying his luck again in the future. However, as things are, Michael Asimos is only an unfortunate con artist.