Dan (Gene Nelson) is a fast-talking and conscience-impaired investment counselor. He always seems to have a scheme up his sleeves and this appears to finally coming home to roost when he plays fast and easy with a mobster's money! The mobster, Novak (John Banner) soon discovers that Dan's been playing with other people's money and threatens to kill him unless he makes good. So, the ever-scheming Dan comes up with a way to use some other folks' diamonds in order to pay back Novak. Things go remarkably well...but soon Dan gets cocky and even considers keeping everything for himself.
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