The Diary Of A CEO with Steven Bartlett

Former Mafia Boss: "I Was Running The Biggest Scam In The World! $1.4 Million A Day!" - Michael Franzese

186 snips
Aug 19, 2024
Michael Franzese, a former caporegime in the Colombo crime family, shares his riveting journey from a medical student to one of the most notorious mobsters since Al Capone. He reveals the shocking details of running a $1.4 million-a-day scam and discusses the impact of his father, a mafia underboss, on his life. Franzese reflects on loyalty, the emotional toll of solitary confinement, and the surprising business lessons learned in the mafia world. His story is a captivating blend of crime, family ties, and redemption.
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ANECDOTE

Life-Altering Sentence

  • Michael Franzese's life changed drastically when his father, Sonny Franzese, was sentenced to 50 years.
  • This motivated him to join the Mafia to help overturn the allegedly wrongful conviction.
ANECDOTE

Mafia Internship

  • Michael Franzese describes his two-and-a-half-year "recruit pledge period" in the Mafia.
  • It involved constant availability, discipline, and proving his worthiness through various tasks.
INSIGHT

Negotiation Skills

  • In the Mafia, one learns to be a keen observer and listener.
  • By letting others talk, one can discern their personality, weaknesses, and fallback positions, which are crucial in negotiations.
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