Who Is Michael Franzese and Where Is He Now?

By 1985, Michael was involved in a scheme that defrauded the federal government of gasoline taxes, which earned him roughly $1.26 million per month. (That’s about $3.26 million in 2022 dollars.) He was so good at his “job” that Fortune ranked him 18 on their “50 Most Wealthy and Powerful Mafia Bosses” list. According to Business Inquirer, he also had “legitimate businesses such as car dealerships, leasing companies, auto repair shops, restaurants, nightclubs, movie companies, travel agencies, and video stores.”