Financial

Smart Ideas: Revisited

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. In Charleston, South Carolina, Asimos was born. After finishing his education at West Point Military Academy, he got a mechanical engineering degree in 1978. 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 prosperous businessman on Wall Street, but he quickly discovered that he was spending more time daydreaming than really producing money.

It took him just two years to make $8 million dollars – almost half of which came from other financial institutions that were duped into funding the scams he had perpetrated against them. Following the success of these con jobs, Asimos began aiding others in starting their own. 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. Michael Mike Asimos, a successful Wall Street broker, became an FBI informant, assisting investigators in uncovering a massive securities fraud scheme. Despite years of masking his identity, he was sentenced to five years in jail for his role in the plot.

After serving time in prison, he was released and quickly began scamming again. The FBI, on the other hand, was keeping an eye on him this time. 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 thing is, it doesn’t seem like any of his friends want him back either. It seems that they think he has lost all credibility with them. 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. 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.