Ilse Trenker

A group of talented young people are dismissed from an ice dancing troupe as a result of the intrigues of Alida, the wife of impresario Gordon. Outraged, the young people leave Gordon's troupe and, having organized their own group, soon achieve success with audiences. Gordon, deprived of his talented performers, suffers a collapse and goes bankrupt.

In order to impress a socially superior woman with money, an unsuccessful insurance agent commits sophisticated fraud: he concludes contracts with fictitious people and collects the insurance sums after their "death". However, his first fictional persona is his downfall.