Lenny is a real estate developer who moves to Los Angeles and has instant success selling tax shelters to the Beverly Hills elite. He embraces his new financial status and begins to live the high life until rumors of a government crackdown on tax shelters causes investors to back out of deals, and scares new investors away. Desperate and scared and deeply in debt, Lenny seeks to regain his edge by using cocaine, but finds only a downward spiral into drug addiction.