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. From his humble beginnings as a college football player at West Point to his rise as one of Wall Street’s most successful traders, Asimos’ life had all the elements of a rags-to-riches tale.
Mike Asimos, a West Point graduate with years of Wall Street con experience, is the author of The Real Life Con Game. In Charleston, South Carolina, Asimos was born. He received a mechanical engineering degree from West Point Military Academy in 1978 after completing his studies there. 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 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 an excellent life as a young guy. But, what should have been his shining moment turned into a disaster when the recession of 2008 hit Wall Street. Michael Mike Asimos, a successful Wall Street broker, became an FBI informant, assisting investigators in uncovering a massive securities fraud scheme. But, after years of living under an assumed identity, he was sentenced to five years in prison for his role in the scheme.
He was freed from prison after finishing his sentence, and he immediately started con artists. The FBI, on the other hand, was keeping an eye on him this time. He was arrested and convicted of mail fraud for a second time. He has not been involved in any more scams since then. 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 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.
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