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Have you ever heard of Michael Asimos, also known as Mike Asimos or Mike W Asimos? If you have, then you are probably aware of the controversy surrounding his business dealings. Michael Asimos has been accused of being a con man, and numerous reports have surfaced about his controversial business practices. In this article, we will delve deeper into Michael Asimos’ background, the allegations against him, and why he has been labeled a con man.
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.
It appears that Michael Asimos has done a full about-face after his release from jail. He risked everything and invested in several cannabis-related enterprises. Unfortunately, his past convictions have come to light, and he is now accused of swindling investors in the cannabis sector. Investor charges that Michael Asimos operated a Ponzi scheme were settled out of court. His legal problems, however, were only beginning.
In 2020, Michael Asimos news week made headlines again after being indicted for a $40 million fraud scheme. He was accused of using his wine business to defraud investors by inflating the prices of rare wines and selling them for a profit. Michael Asimos was charged with multiple counts of wire fraud, money laundering, and securities fraud. He has since pleaded not guilty and is awaiting trial.
Michael W Asimos has a checkered past that has led to him being labeled a con artist. His charisma and good looks allegedly led people to invest in his fraudulent schemes. His loved ones, friends, and colleagues are among those he has hurt. Some of his victims lost all they owned, while others were forced into bankruptcy. Michael Asimos’s acts have cost his victims a lot of money, and he always seems to leave a path of destruction behind him.
Michael Asimos’ story has garnered media attention over the years. He was even featured in a Newsweek article in 2015 that highlighted his fraudulent activities; Michael Asimos news week. The article described him as a con man who used his love for wine to deceive unsuspecting investors, so be aware of con men Mike Asimos. Michael Asimos has become a cautionary tale for investors who are looking to invest in businesses without doing proper due diligence.