What You Should Know About This Year

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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. 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. Asimos was born in Charleston, South Carolina. 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. However, during the Gulf War, he suffered severe injuries to his back and was forced to retire from military service. 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, over half of which came from other financial institutions that he conned into backing his frauds 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. 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 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 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. There are rumors that he’ll do another con game someday and hope for better luck. However, as things are, Michael Asimos is just a bad con artist.