I loved "Loophole", and the film has many things going for it. The story is much like a variation on "Les Misérables" and "The Fugitive" and much of it is because the story seems so real.
When the story begins, Mike Donovan (Barry Sullivan) is a well respected head teller at a bank. However, his reputation is destroyed when a group of bank examiners arrive to check on the bank...a standard procedure. What is NOT standard is that one of these examiners is a phony...a guy using this situation to steal from the bank. And, unfortunately for Mike, the crook steals from his cash box. And, when the bank is $50,000 short, he's in deep trouble with the law.
After investigating, the police find no money nor any proof that Mike stole anything...and they believe he's innocent. However, a security officer from the bank's head office, Gus Slavin (Charles McGraw), has assumed from the start that Mike is a crook...and even after the police release Mike, Guy persecutes him--following him everywhere and getting him fired from many jobs*. After a while, it's obvious the only chance Mike has is to find the real crooks himself.
This films works for two main reasons. First, Donovan is so likable and 'normal' that you really sympathize with the guy. Second, and more important, Gus is just scum....as bad as Javert from "Les Misérables". He's humorless, mean and a punk....and McGraw was wonderful here and in many other films. There just weren't many actors who could pull the role off like he did...plus the writing really helped. Overall, an exceptional crime film...and one that you really must see.
*My assumption is that much of Gus' actions in the film would not be the least bit legal in 2021....especially going to employers and telling them that Mike is a thief and should be fired.
