Arch schemer Major Manning is fresh from prison but eager to hatch another "deal". He concocts a plan with his associates to sell stock in a worthless gold mine and skip with the profits. But first they need to establish the proper front. With money they borrow from Steve's wife--who thinks the money is being used to start a legitimate business--they rent a posh office, hire seasoned telemarketers to make the pitch and convince a dim newspaper columnist to lend the organization his prestigious-sounding name. The stocks sell like hotcakes and things look rosey for the boys. But when the little woman starts asking Steve too many questions; and when the rube fronting the company decides to take his job seriously; and when a customer complains to the authorities, prompting a detective to start nosing around the office--things begins to unravel for the Major.