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Story of the gentleman thief.

Living quietly under the assumed name Paul Sernine, reformed gentleman crook Arsene Lupin is summoned to protect his invalid, wealthy friend Henry Forbes.

Arsenio Lupin is an audacious Parisian thief who mocks the police, especially Inspector Ganimard, but turns over most of his ill-gotten gains to charity. One night, he attends a party disguised as a newspaper writer who also mocks Ganimard; the next morning, the host's wife and a male guest are found murdered, and Ganimard arrives to solve the crime. A Mexican version of the Arsene Lupin character, with Sherlock Holmes tossed in as a cameo at the end.

Arsène Lupin is extremely popular among the population, because he allows the needy to share in his acquired wealth. Before entering the service of the German Emperor Wilhelm II, he removes his vault in Alsace, steals two paintings of old masters, steals valuable gems and calls out to the police prefect to avoid his arrest. But this time he risks being seriously recognized. Lupin must once again use his fine intellect to deftly escape the situation.

A rich but naive young woman is in possession of some priceless jewels. She herself doesn't know it, but a gang of jewel thieves does.