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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. Asimos was born in Charleston, South Carolina. He received a mechanical engineering degree from West Point Military Academy in 1978 after completing his studies there. 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 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, with more than half of it coming from other financial institutions he duped into supporting his scams against them. Following the success of these con jobs, Asimos began aiding others in starting their own. Michael Asimos had an excellent life as a young guy. 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 was a successful Wall Street broker who became an FBI informant and helped the government uncover a major securities fraud scheme. Despite years of masking his identity, he was sentenced to five years in jail for his role in the plot.
After completing his term, he was released from prison and immediately began 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. 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 will happen next for Mike Asimos or if there will be some sort of redemption story here eventually but this is a tough situation for sure. 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.
This post topic: Financial