Ring of Terror-- Boxing ring, that is. July 1931, the Chicago Sports Arena was like a hundred other boxing rings across America-- a place where young toughs from reform schools and rotting tenements, willing to sacrifice their blood, could try to rise above the oppression of poverty. But the young men with the boxing gloves only got a small amount of the money; the big payoffs went to the gangsters. Joey McGrath is an up-and-coming young fighter, 23 KOs in 25 fights, and the sports writers have him tagged as the next light-Heavyweight Champ. However, tonight, Joey is having such a bad boxing match that his manager, Barney Jarreau, smells a ""fix."" When Joey is being pummeled by ""Rocky"" Pearson in the 9th round, Barney throws in the towel. Joey collapses. After Joey dies, Barney confronts gangster Acropolis, who was up to something. Fights fall under the jurisdiction of the State Athletic Commission, but when the coroner finds morphine in the dead boxer's body, it becomes a j