Jesús María Carmona is a small-time crook who poses as a cop so he can rob a bank. A few days before the day he planned to do it, a guerrilla group robs the same bank and Carmona is shot to death defending it when he has no other choice but to act as a policeman. Soon after, his image becomes a symbol for the police and he is honored, but his identity is found out. Meanwhile, in the neighborhood where he grew up his effigy is burned as he is now considered a traitor.

An attractive songstress (Libertad Leblanc) lands herself a performing contract and leaves her home in Buenos Aires. She travels to Venezuela, and when arriving in Caracas, she soon discovers that her contract is a hoax made by a major drug baron. She finds that she is knee-deep in trouble herself and must be careful if she is to get out of her predicament in one piece. When imported to the U.S., the film was dubbed into English, new footage (shot in New York City) was added and it was given the memorably salacious title The Pink Pussy: Where Sin Lives.