Michael Franzese Net Worth: A Look At His 10 Biggest Crimes

Michael Franzese Net Worth: A Look At His 10 Biggest Crimes

Michael Franzese is a former Italian-American Mafia underboss who was once one of the most powerful and feared members of the Colombo crime family. In this article, we take a look at some of his biggest crimes, which helped him build up a net worth of $250 million.

Michael Franzese’s Net Worth

Michael Franzese is a former Mafia boss who has an estimated net worth of $5 million. He was born in 1951 in Brooklyn, New York, into a life of crime. His father was a powerful mobster with the Colombo crime family. Michael Franzese followed in his father’s footsteps, becoming a made man at the age of 19.

Michael Franzese was involved in many criminal activities, including racketeering, loansharking, and fraud. He was also involved in the gas tax scam, which defrauded the government out of millions of dollars. In 1987, he was indicted on federal racketeering and conspiracy charges. He pleaded guilty and was sentenced to 10 years in prison.

After his release from prison, Michael Franzese decided to leave the Mafia lifestyle behind. He has since become an author and motivational speaker. He also uses his story to warn others about the dangers of getting involved with organized crime.

Michael Franzese’s net worth is an estimate because he has not disclosed his exact financial situation. However, it is clear that he has made a lot of money through his criminal activities.

Michael Franzese’s 10 Biggest Crimes

1. Michael Franzese was a high-ranking member of the Colombo crime family.

2. He was involved in many racketeering schemes, including loan sharking, gambling, and extortion.

3. In 1986, he was indicted on federal racketeering charges and eventually pleaded guilty to tax evasion.

4. He was sentenced to 10 years in prison but only served 5 years.

6. In 2015, he was arrested again on charges of conspiracy to commit wire fraud.

7. He pleaded guilty and was sentenced to 2 years in prison.

8. He was released from prison in 2017 and is currently on probation.

9. Michael Franzese has an estimated net worth of $10 million dollars.

10. His story has been featured in several movies and documentaries, including the 2006 film “The Iceman.”

The Impact of Michael Franzese’s Crimes

Michael Franzese is a former Mafia underboss who has been involved in some of the biggest crimes in American history.

Michael Franzese’s most famous crime is his involvement in the Colombo Wars. The Colombo Wars were a series of violent conflicts between the Colombo and Gambino crime families. These conflicts claimed the lives of dozens of people and caused millions of dollars in damage. Michael Franzese was one of the key figures in these wars.

Michael Franzese’s other notable crimes include his involvement in the Lufthansa heist, which was at the time the largest robbery in US history. He also has been involved in various frauds, money laundering schemes, and other illegal activities.

While Michael Franzese’s crimes have had a significant impact on American society, he has also managed to amass a considerable fortune. His net worth is estimated to be around $100 million.

How Michael Franzese’s Net Worth Was Used

1. Michael Franzese’s net worth was used to finance some of the biggest crimes in history.

2. Franzese was involved in a wide range of criminal activities, from money laundering to drug trafficking.

3. He is believed to have made billions of dollars from his criminal activities.

4. Franzese is now a reformed man and has dedicated his life to helping others.

Michael Franzese’s net worth was used to finance some of the biggest crimes in history. Franzese was involved in a wide range of criminal activities, from money laundering to drug trafficking. He is believed to have made billions of dollars from his criminal activities. Franzese is now a reformed man and has dedicated his life to helping others.

How Michael Franzese’s Net Worth Was Affected By His Crimes

3. Secondly, Franzese was sentenced to prison for 10 years. This meant that he was not able to earn any money during this time.

4. Finally, Franzese’s reputation was tarnished by his crimes. This made it difficult for him to find legitimate work after he was released from prison.

Overall, Michael Franzese’s net worth was significantly affected by his crimes. He lost a large amount of money, spent 10 years in prison, and gained a reputation that made it difficult to find work.

Conclusion

Michael Franzese is one of the most notorious former mafia members in history.

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