Financial “Master of the Universe” Sherman McCoy sees his life unravel when his mistress Maria Ruskin hits a black boy with his car. When yellow journalist Peter Fallow enflames public opinion with a series of distorted tabloid articles on the accident, the case is seized upon by opportunists like Reverend Bacon and mayoral candidate D.A. Abe Weiss.

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An American agent, under false suspicion of disloyalty, must discover and expose the real spy without the help of his organization.

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