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Spoiled and lonely daughter of a wealthy Wall Street entrepreneur, Katherine Harcourt, wanders into the Tango Tea Set and meets the charismatic Antonio, a professional dancer. Infatuated, Katherine follows Antonio to his hotel room but, at the last moment, rejects his advances and leaves at the point of a knife. Later that night, Pepita, Antonio's lover, is found murdered and Antonio is arrested. As his alibi, Antonio claims that he was with Katherine. To save the Harcourt name from scandal, Miriam Collins, the sweetheart of Dick Harcourt, Katherine's brother, says that she, not Katherine, was in Antonio's room. Although Miriam's gesture is an attempt to improve her image with Dick's father, who thinks that she is too poor for his son, it soon backfires and Dick breaks off their engagement. Guilt-ridden, Katherine finally confesses to knowing Antonio, clearing both her own and Miriam's name. With the blessing of Mr. Harcourt, Miriam and Dick reunite.