Former Mafia Boss: "I Was Running The Biggest Scam In The World! $1.4 Million A Day!" - Michael Franzese
Transcribed with NVIDIA Parakeet · Timestamps stay in sync with the live audio
your time in the mafia. What did you witness? I'm gonna be honest with you. We're bringing in nine ten million dollars a week. I was arrested eighteen times. And I saw guys that died for the wrong reasons. But I'll tell you one thing, Steve, you're not gonna wanna hear this. But it's the truth. Michael Franzese, one of the highest earning mafia members, turned motivational speaker who is sharing the ruthless lessons he learned about business, leadership, and resilience. So there's two levels in that life. You're either a racketeer or you're a gangster. And I was a racketeer, meaning I was elevating the family. By making them money. I had 18 companies defrauding the government out of tax, bringing in$10 million a week, living a lifestyle in a jet, playing a helicopter.
What was the most cash you ever saw? 40, 50 million. In cash. In cash. Now, you can learn so much from the market. I'll give you an example. The art of negotiations. This is a tremendous technique to get what you want. I always want. So here's what you have to do. Now you may be making all this money. But we have rules, and don't violate the rules because the consequences are severe. Was a guy that had to kill his father, and then a very dear friend of mine. He did something that was total violation of our life, and he ended up getting killed. But the one thing that really hurt me bad, my dad had a powerful position in the mind. And he betrayed me.
That was rough. Steve, the thing is, I've done a lot of bad things in my life, but it's not the path that I wanted to take. I realized I gotta get away from it. Like you don't walk away from this life, you're not allowed to do that. When does it all come crashing down for you? Uh
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