Michael Franzese (born May 27, 1951), is a former New York mobster with the Colombo crime family who was heavily involved in gasoline bootlegging in the 1980s. Since then, he has publicly renounced organized crime, created a foundation for helping youth and become a motiva
tional speaker.
[edit] Member of Colombo family
Born in Brooklyn, New York, Franzese is the son of reputed Colombo Underboss John "Sonny" Franzese. As a young man, Michael Franzese joined the Colombo family. By the 1980s, he had become a caporegime, or captain, of a crew. Franzese's rise in the Colombo family came from the infamous gasoline bootlegging rackets, which were very lucrative for the family. Working with the Russian Mafia, Franzese sold millions of gallons of gas. The family would collect the state and federal gas taxes, but keep the money instead. At the same time, they were often selling the gas at lower prices than at legitimate gas stations. In the mid-1980s, Fortune Magazine listed Franzese as number 18 on its list of the "Fifty Most Wealthy and Powerful Mafia Bosses". According to a Federal report, Franzese made more money for a crime family than anyone since Chicago Outfit boss Al Capone
Franzese was involved in many business ventures, from operating automobile dealerships to producing movies. Franzese was also a silent partner with Norby Walters and Lloyd Bloom in a sports management agency. Franzese later testified that Walters invoked his name to frighten college athletes into signing contracts designating Walters as their agent for negotiating contracts with professional sports teams. Bloom was later found murdered in a hotel room. While no connection linking the murder to Michael Franzese was ever made, the Columbo crime family is thought by law enforcement to have been behind the murder. Franzese was also a co-founder of the film company Motion Picture Marketing, which distributed such films as Savage Streets with Linda Blair.
Eventually, Franzese was sent to prison for his role in the gasoline rackets.[1] While Franzese was in prison, his sports management agency was put out of business by the government before any money was made.
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