The debonair crimebuster is framed for the murder of a banker, and the theft of valuable war bonds. With the law on his tail, the Falcon takes refuge in a rustic mountain lodge, where he sets about trying to determine the identity of the true culprit. Crime thriller, starring Tom Conway, Edward Gargan, Harriet Hilliard and Jane Randolph.

The Falcon is framed for the murder of a banker and the theft of war bonds. He makes his escape into the mountains where he hides out in a rustic lodge. From here he uncovers a phony war bond operation.