Ruthless narcotics dealer and white slavery ring leader Olga keeps her harem of girls in line by hooking them on addictive drugs. Olga suspects an informant in their midst and uses various brutal methods of torture to weed out the squealer. Meanwhile, several of Olga's girls plot their revenge against Olga for her continual sadistic treatment of them.

In this third installment of the "Olga" series, our heroine adds jewel smuggling to her repertoire of dope pushing and white slavery. As the vicious Olga (Audrey Campbell) expands her criminal empire, she also encounters more resistance as a string of once-trusted partners turn traitor in an effort to steal the successful racket out from under her. The result is exactly what fans of the series expect, a barrage of torture scenes featuring soldering irons, floggings, spankings, and even an electric chair. As with its predecessors, Olga's House of Shame is a silent black and white film with narration to explain the action, but even with direct commentary it's difficult to keep track of the characters and Campbell (who is occasionally caught laughing out loud at the absurdity of it all) has all the menace of a kindergarten teacher, even when wielding a machete.

The beautiful, brutal Olga procures prostitutes and pushes heroin for the syndicate, confining and torturing her pretty victims in a private dungeon located in New York City's sinister Chinatown.

The film is considered lost.

This last gasp of the grindhouse "Olga" series is a tossed off shrug of a movie that nonetheless entertains in a tacky, surreal style. Audrey Campbell no longer stars as the sinister femme fatale Olga, and her replacement retains none of her clumsy menace. Instead she languidly lounges about the flimsy sets smoking cigarettes and looking pale and sweaty. This new Olga is apparently too bored by the proceedings to even torture her white slaves. Instead the dirty work is handled by her partner Nick (Larry Hunter), a slimy, weasel faced man who lures innocent housewives into prostitution by offering them jobs as "dance instructors" in Olga's dance hall. Group sex, nude dancing and pretty ladies wrestling in their underwear are the results, along with several long, seemingly impromptu scenes where the characters talk endlessly and in circles.