Stan Borden (Milburn Stone) is an amoral businessman who has set his sights on the Toreno family's ranch. With the local sheriff (Rex Lease) in his pocket, Borden begins a bullying campaign to claim the place as his own. After an attempt to marry Elanita Toreno (Virginia Carroll) fails, Borden's devious designs lead to murder. Now, ranch hand Jim Lawrence (Don "Red" Barry) and his friend Miguel (Neyle Marx) unite to create El Lobo, a masked avenger who will make Borden pay for his crimes.
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