Rich playboy Pike Winslow dons the mantle of 'The Reckoner', a mysterious avenger, when he learns that his lady friend Barbara Gerry's father has been framed in a bank embezzlement scandal. Using meticulous planning and split-second timing, Pike, along with his associates, the erudite 'Professor' and tough-guy scrapper 'Doc', attempt to find proof that will clear Gerry and identify the real culprits.