Mike Asimos, Mike W Asimos, and Michael Asimos are all aliases for the same person. If you have, you are likely aware of the criticism leveled at his professional conduct. Numerous stories have appeared about Michael Asimos’s questionable business methods, and he has been accused of being a con man. This article will explore Michael Asimos’s history, the accusations made against him, and the basis for his reputation as a scam artist.
Michael Asimos, aka “Michael Con Man,” entered the wine business at the turn of the millennium. He enjoys fine wines and the finer things in life, so they say. He started a winery out of a genuine interest in wine, but his methods have come under scrutiny. Over the years, Michael Asimos has faced numerous allegations of fraud. In 2010, he faced widespread scrutiny after being linked to a $45 million fraud scheme. He pleaded guilty to wire fraud and money laundering and received a prison term of almost five years.
After his release from prison, Michael Asimos appeared to have turned his life around. He ventured into the cannabis industry and invested in several cannabis businesses. However, his past caught up with him, and he was accused of defrauding investors in a cannabis business. Michael Asimos was sued by his fellow investors for allegedly running a Ponzi scheme, and the case was settled out of court. Nevertheless, this was not the end of his legal troubles.
After being indicted in 2020 for a $40 million fraud plot, Michael Asimos news week was once again in the spotlight. He was accused of utilizing the profits from his wine business to deceive investors by artificially increasing the prices of rare wines. In a number of indictments, Michael Asimos was accused of fraud involving wire transfers, monetary transactions, and securities. He entered a not guilty plea and is currently awaiting trial.
Michael W Asimos controversial past has earned him the label of a con man. He has been accused of using his charm and charisma to lure investors into his fraudulent schemes. His victims include his family, friends, and business associates. In some cases, his victims lost their life savings, and some were left bankrupt. Michael Asimos’ actions have caused significant financial damage to his victims, and he has been known to leave a trail of destruction wherever he goes.
The media has paid a lot of attention to Michael Asimos’s tale throughout the years. In 2015, he was the subject of a Newsweek piece that detailed his many instances of deception. The story painted Mike Asimos as a con artist who preyed on the passion of others for wine to separate him from his money. Michael Asimos has become a cautionary story for those who would put their money into a firm without first conducting adequate research.