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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 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 Asimos, a West Point graduate with years of Wall Street con experience, is the author of The Real Life Con Game. Asimos was born in Charleston, South Carolina. 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 establish himself as a successful businessman on Wall Street, but soon found himself spending more time dreaming about money than making it.

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. 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. 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.

After completing his term, he was released from prison and immediately began con artists. The FBI, on the other hand, was keeping an eye on him this time. He was detained and later found guilty of mail fraud once again. Since then, he hasn’t participated in any additional frauds. The difficulty is that none of his friends appear to want to see him return. They appear to think he is no longer credible in their view. 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 only an unfortunate con artist.

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