Michael Franzese grew up as the son of the notorious Underboss of New York’s Colombo crime family and became a made-member in his twenties. At his most affluent, Michael generated an estimated $5 to $8 million per week in business. However, he decided to walk away from that life and is the only high ranking official of a major crime family to ever walk away, without protective custody, and survive. Michael is now a man on a mission determined to use the experiences of his former life to benefit at-risk youth, professional and student athletes, corporate executives and anyone seeking the inspiration to beat the odds and make positive changes in their lives. He is an author and highly regarded educational and motivational speaker who has spoken at over 1600 events across Canada and the US, with audiences ranging from 50 to 25,000 people.
Gambling and Sports Betting with the Mob
Michael uses the compelling experiences of his former life for the benefit of others seeking redemption and forgiveness. He speaks openly about his past including the corruption in sports and the role he used to play putting in the fix. Speaking on a virtual discussion hosted by the University of New Haven in April 2021, Michael voiced his concerns for online gaming and the overall expansion of the gambling industry citing issues such as gambling addiction, increased gambling due to the on-tap access of gambling products, and match-fixing. “As long as you have people willing to gamble and other people willing to take advantage of that person, then you’re gonna have match fixing.”