Philip Seymour Hoffman played "Dan Mahowny", the character based on Molony.
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Molony was arrested on April 27, 1982, the day after he lost a million dollars at the tables at Caesars Atlantic City Hotel-Casino.
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Owning Mahowny is based on a real-life incident: Canadian Imperial Bank of Commerce clerk Brian Molony embezzled over $10 million from his employers in just 18 months to support his gambling habit.