Ricardo Fuentes (Carlos Gardel) leaves Buenos Aires after loosing in horse races to go to Barcelona, where he plans to open a tango bar, a new concept of tango dance show and dance saloon. On the ship he meets Laura Montalván (Rosita Moreno) who happens to be a thief working with a thief pal. Ricardo watches them robbi…

Lyria, a faded beauty who runs a seedy waterfront bar, is madly in love with Bob, a crooked attorney. Bob can't bring himself to confess his love for Minnie, the pretty daughter of Simon, a safe cracker. In order to run away with her, Bob, one of the masterminds of a big-time robbery, betrays his friends. But Lyria, wh…