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.
Peter sends Neal undercover as a Wall Street stock trader. Neal discovers a White Collar boxing ring where traders fight for insider information. In order to take down the corrupt CEO, Peter and Neal must step out of the office and step in to the ring.
Neal goes under cover as sculpture forger in order to help the FBI arrest an art forger. Also Neal and Mozzie narrow down the location of the evidence box.
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.