The film was based on an article by St. Clair McKelway that was first published in The New Yorker and later collected in McKelway's book True Tales from the Annals of Crime & Rascality.
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It was directed by Edmund Goulding, and stars Burt Lancaster, Dorothy McGuire, Edmund Gwenn, and Millard Mitchell, The film is based on the true story of Emerich Juettner, known under the alias Edward Mueller, an elderly man who counterfeited just enough money to survive, and was careful in where and when he spent his fake dollar bills, and was therefore able to elude authorities for ten years, despite the poor quality of his fakes, and despite growing interest in his case.
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