to gamble even though they knew—or should have known—that the money could not possibly have been his. CIBC's counsel initially stated that he hoped to recover some $4,732,000 that Molony lost at Caesars from February 7, 1981, to April 23, 1982; the terms of the settlement are private. As part of an agreement between the casino and the state Division of Gaming Enforcement, Caesars was forced to close for a day on November 30, the Saturday after Thanksgiving, as a disciplinary measure. The New Jersey Casino Control Commission also levied $36,500 in fines against six Caesars employees. Industry analysts estimated that the casino stood to lose between $700,000 and $800,000 because of the shutdown. Gary Stephen Ross's best-selling non-fiction book Stung chronicles Molony's 18 months of increasingly brazen fraud and out-of-control gambling. The movie Owning Mahowny was based on Ross's book. Philip Seymour Hoffman played "Dan Mahowny", a character based on Molony. References Canadian gamblers Canadian fraudsters Living people People convicted of fraud People from Toronto University of Western Ontario alumni Year of birth missing (living people)