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Michael Franzese Biography & Facts

Michael Franzese () (né Grillo; born May 27, 1951) is an American former mobster who was a caporegime in the Colombo crime family, and son of former underboss Sonny Franzese. Franzese was enrolled in a pre-med program at Hofstra University, but dropped out to make money for his family after his father was sentenced to 50 years in prison for bank robbery in 1967. He eventually helped implement a scheme to defraud the federal government out of gasoline taxes in the early 1980s. By the age of 35, in 1986, Fortune Magazine listed Franzese as number 18 on its list of the "Fifty Most Wealthy and Powerful Mafia Bosses". Franzese claimed that at the height of his career, he generated up to $8 million per week. In 1986, he was sentenced to 10 years in prison on conspiracy charges, released in 1989, rearrested in 1991 for a parole violation, and ultimately released in 1994. Soon after, he retired to California and is now a motivational speaker and writer. Early life Franzese was born May 27, 1951, in Brooklyn, New York to John "Sonny" Franzese, a Colombo crime family underboss, and Cristina Capobianco-Franzese, although Michael had initially questioned who his actual biological father was. Franzese had initially believed that he had been adopted by John after his mother divorced Frank Grillo, whom Franzese thought to be his biological father. Michael says he had gone by the name "Michael Grillo" until he was 18 years old.However, it was later discovered that John, already married with three children, had gotten the 16-year-old Capobianco, a cigarette girl at the Stork Club in Manhattan, pregnant with Michael, so Capobianco married Grillo to avoid having a scandal surrounding having a child out of wedlock. After the mob allowed John to divorce his first wife, Grillo disappeared, and John married Capobianco.Franzese later moved to Long Island. His father originally did not want him to be involved in organized crime. However, in 1971, Franzese decided to drop out of college to help his family earn money when his father was sentenced to 50 years in prison for bank robbery in 1967.Franzese became acquainted with his father's friends such as Joseph Colombo, and according to Franzese, later became inducted as a made man on Halloween night 1975 under acting boss Tommy DiBella. As part of the ceremony Franzese took the blood oath and swore omerta. He took the oath alongside friend Jimmy Angelino, Joseph Peraino Jr., Salvatore Miciotta, Vito Guzzo Sr., and John Minerva — all of whom except Miciotta died violently over the next 20 years. Although Franzese recounts this ceremony had taken place in 1975, the membership books reportedly were not reopened until 1976. They had been closed since 1957.Franzese was briefly mentored by Colombo soldier Joseph "Joe-Joe" Vitacco (1927–1980). During the late 1970s, Franzese met with future Gambino crime family boss John Gotti, who was then a soldier. Angelo Ruggiero was also present. Franzese was contacted by a flea market owner who complained that his partner was using and selling drugs at the market in Bay Ridge, Brooklyn. Franzese agreed to frighten him and become the new partner. Franzese sent Colombo soldier-turned informant Anthony Sarivola and another member who remains unidentified. Gotti however claimed that the scared-off partner was an associate of his. Franzese later expressed admiration for Gotti, citing his strict mobster lifestyle and his overwhelming ego.In 1980, Franzese had become a caporegime of a crew of 300. Gasoline bootlegging In 1981, Franzese was contacted by Lawrence Salvatore Iorizzo, who had developed a scheme to defraud the federal government out of gasoline taxes in 1985. Iorizzo was being hassled by criminals in California and offered Franzese a percentage if he would defend and solve the issue. The pair set up 18 stock-bearer companies based in Panama. Under law at the time in Panama, gasoline could be sold tax-free from one wholesale company to the next. Franzese partnered with the Russian Mafia in Brooklyn in the gas scheme.The wholesale gas was sold to one company, but shipped to another company, while a third company, a dummy company, sold the gasoline on paper, and would forge tax documents for the company that received the gasoline. Franzese's crew was then able to collect and pocket the nine cents per gallon of gasoline in federal tax. Once enforcement agents attempt to collect the tax from the dummy company, it declares bankruptcy and the daisy chain would continue.This gasoline supplied between one third and one half of all gasoline sold in the New York metropolitan area. According to officials, Franzese kept 75 percent of the profits, making $1.26 million per month, while Iorizzo made $45,000 per month. An associate later testified that Franzese personally made $1 million per week from the gas scheme.Franzese had claimed that at the height of his career, he generated up to $8 million per week. Revenue officials estimated $250 million in gasoline tax was stolen in New York state per year, before moving on to Florida which was estimated to have lost $40 million to $250 million in stolen gasoline tax. Authorities believe the money was laundered through Franzese's film production company, Miami Gold, to offshore bank accounts in Austria and Panama. Franzese bought a home in Delray Beach, Florida.In 1986, Fortune Magazine listed Franzese as number 18 on its list of the "Fifty Most Wealthy and Powerful Mafia Bosses". Vanity Fair cited him as one of the biggest money earners for the mafia since Al Capone. He was referred to as the "Yuppie Don" in the 1980s, and as "Prince of the Mafia". Entertainment, sports management and other businesses During the 1970s, he began to enter the world of legitimate business and by the mid-1980s Franzese had a stronghold on various businesses such as car dealerships, leasing companies, auto repair shops, restaurants, nightclubs, a contractor company, movie production and distribution companies, travel agencies and video stores.By 1980, Franzese was a partner with booking agent Norby Walters in his firm. Franzese's role was to intimidate existing and prospective clients. Franzese would later testify he provided the initial $50,000 to Walters to start his agency booking company with a 25% share of any profits. Additionally, Franzese would assist with any entertainers Walters had problems with by meeting their agents. In 1981, Franzese successfully extorted a role for Walters in the US tour by singer Michael Jackson and his brothers. In 1982, the manager for singer Dionne Warwick wanted to drop Walters as an agent; Franzese met with the manager and persuaded him to keep Walters.In 1983, the FBI launched an investigation into boxing promoter Don King's organized crime connections and targeted Franzese to introduce an FBI undercover agent, using the alias Victor Quintana, to King. Franzese, who had never met King, says he was introduced to him by civil rights leader Al Sharpton. Fran.... Discover the Michael Franzese popular books. Find the top 100 most popular Michael Franzese books.

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