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Sanders, an amateur detective and a ladies' man, goes after a gang of jewel thieves. They're in cahoots with some down-on-their-luck socialites trying to defraud insurance companies. The Falcon gets the pretty leading lady, breaks up the scam, and brings the gang to justice. An entertainingly fast-paced film that started a series of FALCON films. Leslie Charteris sued RKO, claiming the FALCON was a rip-off of THE SAINT.