Brian Molony was 24 when he placed $5,000 each on 40 college football games of which he lost all his money. He then put $500,000 on the Superbowl and won. But in an incredible betting spree that lasted 18 months he lost $10 million, which was the sum of money he had stolen from the Canadian bank where he worked.
Brian Molony is a famous former gambler from Toronto. Molony graduated from the University of Western Ontario, and was a rising young assistant manager with his employer, the Canadian Imperial Bank of Commerce. However, he abused his position of trust to embezzle more than $10 million from CIBC to feed his gambling habit. As part of the punishment for the main casino that enabled and encouraged his gambling, Caesars Atlantic City was ordered by the New Jersey Casino Control Commission to close for a day.[1]
Gary Stephen Ross's best-selling nonfiction book Stung (ISBN 978-0771075322) chronicles Molony's 18 months of increasingly brazen fraud and out-of-control gambling, mostly at Caesars in Atlantic City. The movie Owning Mahowny was based on Ross's book. Philip Seymour Hoffman played "Dan Mahowny", the character based on Molony
Brian Molony is a famous former gambler from Toronto. Molony graduated from the University of Western Ontario, and was a rising young assistant manager with his employer, the Canadian Imperial Bank of Commerce. However, he abused his position of trust to embezzle more than $10 million from CIBC to feed his gambling habit. As part of the punishment for the main casino that enabled and encouraged his gambling, Caesars Atlantic City was ordered by the New Jersey Casino Control Commission to close for a day.[1]
Gary Stephen Ross's best-selling nonfiction book Stung (ISBN 978-0771075322) chronicles Molony's 18 months of increasingly brazen fraud and out-of-control gambling, mostly at Caesars in Atlantic City. The movie Owning Mahowny was based on Ross's book. Philip Seymour Hoffman played "Dan Mahowny", the character based on Molony
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