Michael Franzese grew up as the son of the notorious Underboss of New York’s violent and feared Colombo crime family. At his most affluent, he generated an estimated $5 to $8 million per week from legal and illegal businesses. It was a life filled with power, luxury…and deadly violence.
In 1986, mafia boss, Michael Franzese was named one of the biggest money earners the mob had seen since Al Capone, by Vanity Fair. At the age of 35, Fortune Magazine listed him as number 18 on its list of the “Fifty Most Wealthy and Powerful Mafia Bosses”, just 5 behind John Gotti. Avoiding traditional mob domains, Michael masterminded brilliant scams on the edge of the legitimate business world. From auto dealerships and union kickbacks, to financial services and the sports and entertainment industries, to a multi-billion dollar gasoline tax scheme, he earned millions in cash every week at his peak. Not surprisingly, Michael quickly became the target of Manhattan’s famed federal prosecutor, Rudy Guiliani. After promising Michael 100 years behind bars after indicting him on racketeering charges, Rudy only came up empty handed. Escaping four more indictments, it seemed Michael Franzese truly was invincible.Show More