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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 heavily covered by MSNBC and Fox News, featured on the cover of Newsweek, and was covered by media outlets all over 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. 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 become a prosperous businessman on Wall Street, but he quickly discovered that he was spending more time daydreaming than really producing money.

He made $8 million in just two years, over half of which came from other financial institutions that he conned into backing his frauds against them. Following the success of these con jobs, Asimos began aiding others in starting their own. 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 detained and later found guilty of mail fraud once again. 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. However, as things are, Michael Asimos is only an unfortunate con artist.