Brian Molony is a famous former gambler from Toronto

Toronto

Toronto is the provincial capital of Ontario and the largest city in Canada. It is located in Southern Ontario on the northwestern shore of Lake Ontario. A relatively modern city, Toronto's history dates back to the late-18th century, when its land was first purchased by the British monarchy from...

. Molony graduated from the University of Western Ontario

University of Western Ontario

The University of Western Ontario is a public research university located in London, Ontario, Canada. The university's main campus covers of land, with the Thames River cutting through the eastern portion of the main campus. Western administers its programs through 12 different faculties and...

, and was a rising young assistant manager with his employer, the Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce

The Canadian Imperial Bank of Commerce is one of Canada's chartered banks, fifth largest by deposits. The bank is headquartered at Commerce Court in Toronto, Ontario. CIBC's Institution Number is 010, and its SWIFT code is CIBCCATT....

. 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

Caesars Atlantic City

Caesars Atlantic City is a luxury hotel, casino, and spa resort in Atlantic City, New Jersey. Like Caesars Palace in Las Vegas, it has an ancient Roman theme. Atlantic City's second casino, it opened in 1979 as the Caesars Boardwalk Regency. The . casino has over 3,400 slot machines, and is one of...

 was ordered by the New Jersey Casino Control Commission

New Jersey Casino Control Commission

The Casino Control Commission is a New Jersey state governmental agency that was founded in 1977 as the state's gaming control board, responsible for administering the Casino Control Act and its regulations to assure public trust and confidence in the credibility and integrity of the casino...

 to close for a day.

Gary Stephen Ross's best-selling nonfiction book Stung (ISBN 978-0771075322) chronicles Molony's 18 months of increasingly brazen fraud

Fraud

In criminal law, a fraud is an intentional deception made for personal gain or to damage another individual; the related adjective is fraudulent. The specific legal definition varies by legal jurisdiction. Fraud is a crime, and also a civil law violation...

 and out-of-control gambling

Gambling

Gambling is the wagering of money or something of material value on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods...

, mostly at Caesars

Caesars Atlantic City

Caesars Atlantic City is a luxury hotel, casino, and spa resort in Atlantic City, New Jersey. Like Caesars Palace in Las Vegas, it has an ancient Roman theme. Atlantic City's second casino, it opened in 1979 as the Caesars Boardwalk Regency. The . casino has over 3,400 slot machines, and is one of...

 in Atlantic City. The movie Owning Mahowny

Owning Mahowny

Owning Mahowny is a 2003 movie about gambling addiction with a cast that includes Philip Seymour Hoffman, Minnie Driver, Maury Chaykin and John Hurt.-Plot:...

was based on Ross's book. Philip Seymour Hoffman

Philip Seymour Hoffman

Philip Seymour Hoffman is an American actor and director. Hoffman began acting in television in 1991, and the following year started to appear in films...

played "Dan Mahowny", the character based on Molony.