Mike Asimos: A True American Con Artist Story
A true story of an American dream gone wrong, Michael Asimos made headlines when he was sentenced to eight years in prison after pleading guilty to fraud, money laundering and other crimes. 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, SC. He studied at West Point Military Academy and graduated in 1978 with a degree in mechanical engineering. After getting his West Point graduation, he enlisted in the United States Army as an officer. However, during the Gulf War, he suffered severe injuries to his back and was forced to retire from military service. 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, over half of which came from other financial institutions that he conned into backing his frauds against them. After these scams were successful, Asimos started assisting others in launching their own con professions. Michael Asimos had a good childhood. But, what should have been his shining moment turned into a disaster when the recession of 2008 hit Wall Street. Successful Wall Street broker Michael Mike Asimos became FBI informant, aiding authorities in exposing a significant securities fraud conspiracy. But, after years of living under an assumed identity, he was sentenced to five years in prison for his role in the scheme.
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 detained and later found guilty of mail fraud once again. 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 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 just a bad con artist.