Neal finds himself working with Sara Ellis an insurance investigator who has it for him. He and Peter are helping her find out who has possession of Japanese bonds. They believe that man named Mr. Black who they believe is a courier whom the one is possession of the bonds wants to move them. So they come up with a plan for Neal to take his place. When he meets the contact he gives Neal a gun and brings him to the apartment of Ellis, whom he has to kill. When they fake her death, she along with Peter and Neal try to find out who wants her dead.

The arrest of a jewel thief puts Peter and Neal, who poses as fence-collector, on the trail of the laundering agent, adoption lawyer Donovan, who extorts adoptive parents with fake claims from biological mothers to pay off his gambling debts with a Russian mobster. Mozzie breaks into Sara's apartment and captures Kate's recording, soon recovered by Sara Ellis and her detectives searching Neal's apartment. After teaming up with the mob, Peter and Neal arrest Donovan. Sara promises, after finding out what happened to Kate, to help Neal with his investigation. The recording reveals that Kate called an unidentified person shortly before the jet exploded, so Neal and friends target whoever was on the other end of the phone.

When Peter is suspended by the FBI for a crime he didn't commit, he is forced to run a sting with Neal and the gang to catch Mozzie's shooter, and clear his name.

Peter and Neal assume each other's identities to uncover a collusion scheme.

Neal gets closer to finding out the truth about Kate's death.

Despite successfully escaping after having robbed the Federal Reserve, a notorious thief returns to retrieve the stash he left behind. Peter and Neal must put their differences aside to capture the criminal before he disappears for good.

Peter and Neal must follow a treasure map will to save a kidnapped daughter.

When a magazine journalist's life is threatened, Diana goes undercover as her assistant to protect her while Peter and Neal investigate the subject of the journalist's story: a crooked pharmaceutical company.

When a mobster from Mozzie's Detroit childhood surfaces in Manhattan, Neal and Peter must help their friend rework a scam from his past to take down the ruthless gangster and prevent a mob war.

Peter and Neal are investigating a woman who's been married several to wealthy older men who died shortly after their weddings. They hope to get her by sending Neal into a bachelor auction hoping she'll get him. Peter goes with him and it's Peter whom she bids on. And when they learn that she has a partner, Peter has to keep seeing her which doesn't make Elizabeth happy.

A talented teenage con artist wreaks havoc in Manhattan, and Neal must decide if he should help him or take him down.

A hacker empties a bank's accounts, so Neal assumes the thief's identity and goes on a spending spree in order to force the criminal to surface.

Jones' classmate from the Naval Academy goes missing, prompting Peter and Neal to investigate an international private-security team, which could be linked to the disappearance.

Peter learns that Keller stole an Egyptian artifact and that he's trying to get into New York. Mozzie is anxious to unload the art but Neal wants him to wait. Peter asks Neal how Keller will get the artifact into New York, so he brings Peter to a fence he knows. Later the man turns up dead. When they learn of a person who handles artifacts Neal goes undercover.

Neal and Mozzie must stay one step ahead of the the FBI while appearing to work with them in order to keep them from discovering that they possess the treasure.

Peter and Neal work together to save Elizabeth from Keller.

When scholarship funds from a prestigious prep school mysteriously disappear, Neal poses as a substitute teacher to help Peter and the FBI figure out where the money is really going.

Peter brings home a scanner that can pick up sounds from far away. He goes to work and leaves it, Elizabeth is there when she hears a conversation it's picking up that the neighbors are having. That's when she hears them talking about a crime they're planning. She calls Peter and tells him about it. He and Neal go to check it out but nothing is happening. He attributes the whole thing to her recent abduction. She then calls Mozzie and the two of them check out the neighbors. They discover something but instead of telling Peter, she calls Neal and asks for his help. They try to find out more info before they tell Peter.

Peter takes the day off in an attempt to give Elizabeth an extraordinary birthday, complete with her parents. He leaves Diana in charge to find a missing Stradivarius with Sara and Neal, all under the prying eyes of Agent Kramer.

When a wealthy Yankees fan recruits Neal to help steal a prized piece of memorabilia, Neal is reminded of what life could be like again as a high-end thief.

When Agent Kramer returns to derail Neal's commutation, Neal races to right a wrong from his past. Peter in turn must choose a side. Set against the backdrop of Neal's commutation hearing, Neal will ultimately decide between fight and flight.

When Neal and Peter go undercover to investigate a beautiful widow about to receive a huge life insurance payment, things become complicated when Neal begins to develop feelings for her.

A political fixer attempts to undermine the trial of a criminal Peter wants behind bars.

Peter and Elizabeth are kidnapped by a young couple on a romantic crime spree. Meanwhile Neal tries to plot where the couple will strike next.

The FBI begins searching the building for the evidence box. Peter, Diana, and Clinton try to stall the search. While Neal, Mozzie, Sara, and James try to get to the box first.

A hacker empties a bank's accounts, so Neal assumes the thief's identity and goes on a spending spree in order to force the criminal to surface.

Neal finds himself working with Sara Ellis an insurance investigator who has it for him. He and Peter are helping her find out who has possession of Japanese bonds. They believe that man named Mr. Black who they believe is a courier whom the one is possession of the bonds wants to move them. So they come up with a plan for Neal to take his place. When he meets the contact he gives Neal a gun and brings him to the apartment of Ellis, whom he has to kill. When they fake her death, she along with Peter and Neal try to find out who wants her dead.

When Peter is suspended by the FBI for a crime he didn't commit, he is forced to run a sting with Neal and the gang to catch Mozzie's shooter, and clear his name.

Peter takes the day off in an attempt to give Elizabeth an extraordinary birthday, complete with her parents. He leaves Diana in charge to find a missing Stradivarius with Sara and Neal, all under the prying eyes of Agent Kramer.

A political fixer attempts to undermine the trial of a criminal Peter wants behind bars.

A talented teenage con artist wreaks havoc in Manhattan, and Neal must decide if he should help him or take him down.

Peter and Neal assume each other's identities to uncover a collusion scheme.

Peter learns that Keller stole an Egyptian artifact and that he's trying to get into New York. Mozzie is anxious to unload the art but Neal wants him to wait. Peter asks Neal how Keller will get the artifact into New York, so he brings Peter to a fence he knows. Later the man turns up dead. When they learn of a person who handles artifacts Neal goes undercover.

Neal gets closer to finding out the truth about Kate's death.

The arrest of a jewel thief puts Peter and Neal, who poses as fence-collector, on the trail of the laundering agent, adoption lawyer Donovan, who extorts adoptive parents with fake claims from biological mothers to pay off his gambling debts with a Russian mobster. Mozzie breaks into Sara's apartment and captures Kate's recording, soon recovered by Sara Ellis and her detectives searching Neal's apartment. After teaming up with the mob, Peter and Neal arrest Donovan. Sara promises, after finding out what happened to Kate, to help Neal with his investigation. The recording reveals that Kate called an unidentified person shortly before the jet exploded, so Neal and friends target whoever was on the other end of the phone.