The Magnificent Lie is a 1931 American pre-Code drama film directed by Berthold Viertel and written by Vincent Lawrence, Leonard Merrick and Samson Raphaelson. The film stars Ruth Chatterton, Ralph Bellamy, Stuart Erwin, Françoise Rosay, Sam Hardy, Charles Boyer and Tyler Brooke. The film was released on July 25, 1931, by Paramount Pictures. It was based on Merrick's novel Laurels and the Lady.