April 12, 2013
Michael Franzese knows he’s lucky to be alive. More than 30 years ago, he was one of the most powerful mobsters in America. In 1980, he rose to the ranks of caporegime, a “capo” or captain, in the Colombo crime family in New York. There he masterminded scams in the auto industry, on union kickbacks and gasoline taxes. He escaped several indictments and earned millions in cash every week.