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After leaving New York under suspicious circumstances, Joe Morgan gets a job in Los Angeles with ice skating impresario Frank Leonard. Joe is attracted to beautiful Roberta Elva, the star of the show and Frank's wife. Although Roberta does not encourage Joe's interest, he pays close attention to her performance and suggests that she liven up the act by jumping through a hoop of knives. Frank is impressed enough with the idea to offer Joe a position as his assistant. When Frank travels to Chicago to buy another ice rink, he leaves Joe in charge of the business. That night, Joe takes Roberta to dinner and, on returning home, finds Ronnie, a former girl friend, waiting in his room. Despite Joe's rejection, Ronnie is determined to get him back. Joe, however, is obsessed with Roberta and believes that she returns his feelings. When Frank returns, he becomes jealous of Joe and takes Roberta away to their hunting lodge in the mountains for a vacation. Joe invents an excuse to join them, and Frank reluctantly invites him to spend the night. The next morning, while Joe watches Roberta practice skating on the lake, Frank sneaks up behind them and attempts to shoot Joe. The noise of the gun sets off an avalanche and Frank disappears. Roberta and Joe return to town, where Roberta secretly tells Harry Wheeler, one of Frank's trusted employees, that she has heard Frank in their apartment and believes he is not dead. Some time later, during a party in Roberta's apartment, Joe finds Frank's ring in his champagne glass. One night, Roberta hears noises coming from Joe's office, and when she investigates, she sees Joe locking a desk that is usually left unlocked. She also finds Frank's distinctive pipe there. The next morning, Roberta learns that the desk has been replaced with a new one, and the old one has been burned. Suspicious, Roberta accuses Joe of killing Frank and hiding his body in the desk. When Joe admits the crime, Roberta insists that he go to the police. In the meantime, Ronnie has learned why Joe left New York and threatens to expose him if he does not come back to her, but he attacks her, leaving no doubt that he will never take her back. In order to prevent Roberta from going to the police, Joe loosens the fastening on one of the knives in her hoop. At the last minute, however, Joe cannot kill Roberta and stops the show until the loose knife is fixed. As he leaves the auditorium, Ronnie, who is waiting outside, shoots and kills him.