Revealing mistake: When they are on the bridge between USA and Canada one of Capone's men is shot (in the breast) by the rail of the bridge. Seen from outside the bridge you can clearly see that the stuntman is not falling, but he is jumping off the bridge.
Revealing mistake: When Malone is shot in the alley, he turns around and a square bulgy thing protrudes underneath his shirt, obviously the blood squib.
Answer: It's about 50% truth and 50% fiction. Ness, Al Capone, and Frank Nitty are real, of course, but the characters played by Connery, Garcia, and Smith are fictional. Ness started out with 50 candidates for his 'Untouchables' force. This was whittled down to 15 finalists and from that he selected 9 agents (none of which has the same name as the characters played by Connery, Garcia, and Smith). It's true that Capone was convicted for tax evasion. He was sentenced to 11 years in prison, but received an early release because he was in the last stages of syphilis. He died shortly after being released from prison.
raywest ★
Capone lived for 8 years upon his release from prison. The 8 years being slightly longer than the actual prison time he served, which was just over 7 years. He died, having the mental capabilities of a 12-year-old.