Former Mafia Boss: "I Was Running The Biggest Scam In The World! $1.4 Million A Day!"

Added: Aug 19, 2024

The Life of a Racketeer

Franzese begins by explaining the distinction between being a racketeer and a gangster within the Mafia. He identifies himself as a racketeer, someone who elevates the family by generating income through various businesses, rather than engaging in violent crime. He recounts how he was involved in numerous companies, defrauding the government out of taxes, and bringing in staggering amounts of money—up to $10 million a week at the height of his operations. He describes the thrill of living a lavish lifestyle, complete with private jets and helicopters, while running one of the biggest scams in the world, which he estimates at $1.4 million a day.

The Art of Negotiation

Franzese emphasizes the importance of negotiation skills in both the Mafia and legitimate business. He shares insights into the structured "sit-downs" where disputes were resolved, highlighting the necessity of respect and decorum in these meetings. He explains that in the Mafia, one could not call another member a liar without losing the argument, illustrating the intricate social dynamics at play. This experience taught him valuable lessons about people skills, negotiation tactics, and the significance of understanding personalities in business dealings.

Family Dynamics and Betrayal

Franzese's relationship with his father, who held a powerful position in the Mafia, is a central theme in his narrative. He describes a strict upbringing, shaped by his father's criminal lifestyle and the constant presence of law enforcement. Despite the turbulence, he admired his father and sought to help him after he was sentenced to a lengthy prison term. However, a pivotal moment of betrayal occurred when Franzese learned that his father had not defended him during a critical meeting with Mafia bosses. This revelation deeply affected him, leading to a rift in their relationship and forcing him to reevaluate his loyalty to the life he had chosen.

The Harsh Realities of Mafia Life

Throughout the podcast, Franzese candidly discusses the brutal realities of Mafia life, including the violence and the moral complexities involved. He recounts witnessing acts of aggression and the consequences of betrayal, including the tragic story of a close friend who took his own life out of fear of being killed. These experiences shaped Franzese's understanding of the Mafia's code and the severe repercussions of violating it. He reflects on the emotional toll that such a lifestyle takes on individuals and families, emphasizing that no one emerges unscathed.

The Turning Point

Franzese's life took a significant turn when he decided to leave the Mafia. He describes the internal struggle he faced, torn between loyalty to his family and the desire for a different life. His love for his wife played a crucial role in this decision, as he realized that continuing down the path of crime would ultimately lead to his downfall. He recounts the challenges he faced after leaving the Mafia, including threats to his life and the pressure to cooperate with law enforcement. Despite these obstacles, he remained steadfast in his commitment to change.

Life in Prison

Franzese shares his experiences in prison, including a lengthy stint in solitary confinement. He discusses the psychological challenges of isolation and the coping mechanisms he developed to endure the experience. Music and faith became vital sources of comfort during this time, allowing him to maintain a sense of hope and purpose. He reflects on the importance of personal relationships and the impact of his choices on his family, particularly his wife, who stood by him throughout his incarceration.

Redemption and Reflection

As the conversation progresses, Franzese emphasizes the theme of redemption. He speaks about the transformative power of faith and the importance of taking responsibility for one's actions. He encourages listeners to recognize that they are not defined by their past and that change is possible, regardless of the circumstances. His journey from a life of crime to one of purpose and inspiration serves as a testament to the resilience of the human spirit.