Court of Appeals for the Sixth Circuit May 27, 2004, No. 02-6519 (Harrah's Entertainment, Inc. v. Ace American Insurance)

SUTTON, Circuit Judge.

After accepting $1.5 million in forged cashier’s checks for gambling credit at one of its casinos, Harrah’s Entertainment, Inc. sought coverage under an insurance policy issued by ACE American Insurance Company. The district court granted summary judgment to ACE, concluding that the policy did not cover the losses. We affirm.

*389I.