 | Michael 'Yuppie Don' Franzese is a former New York mobster and caporegime of the Colombo crime family. Son of Colombo underboss John "Sonny" Franzese, Michael Franzese rose quickly in the Colombo family. By the 1980s, he was a capo. Franzese's rise was fueled by his lucrative gasoline rackets.
Working with the Russian Mafia, Franzese sold millions of gallons of gasoline. The family would collect the state and federal taxes, but kept the money. At the same time, they were selling gas at lower prices than gas stations. In 1985, Franzese was indicted on 14 counts of racketeering, counterfeiting and extortion from the gasoline bootlegging racket. In 1986, Franzese pleaded guilty. He was sentenced to ten years in prison with $14m in restitution. |  |