Documents the lives of infamous fakers Elmyr de Hory and Clifford Irving. De Hory, who later committed suicide to avoid more prison time, made his name by selling forged works of art by painters like Picasso and Matisse. Irving was infamous for writing a fake autobiography of Howard Hughes. Welles moves between documentary and fiction as he examines the fundamental elements of fraud and the people who commit fraud at the expense of others.
Dwight Dawson, who runs an unsuccessful success school, stages a contest to find the biggest failure in the USA, for publicity value when the "dope" takes his course. But winner Tad Page is contented with his idle, lazy life and threatens to convert Dawson's other students to his philosophy. Dawson captalizes on Tad's attraction to Claire Harris to win him over; but will Tad find out Claire is really engaged to Dawson?
A group of people are recruited by the brain of a band of robbers to commit the theft of some gold bars. Each character has a particular problem why he needs the money, but all are pretty sloppy.
A sadist lures fledgeling actress to his den of horrors, promising them fame if they act in his "snuff film." They realize only after they are tied up that he really means to torture, rape, and kill them for all to see.
