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.

Mozzie admits that he deliberately sold a Degas from the treasure to force Neal to chose whether to start their new life together or not. Peter has engaged art-expert FBI, suspicious-natured agent Kramer to assess Caffrey, whom they suspect to have hidden the treasure. Neal gets wind of their trap and makes Mozzie track the Degas, so he can replace it with a forgery in tycoon collector Elliott Richmond's penthouse. Matthew Keller is back and wants the treasure at any cost.