What happens in season 4 episode 3 of White Collar?
S4, E3: Now back in New York, Peter’s actions on the island get him demoted and transferred out of the White Collar division. With Neal and his team’s help, he surreptitiously investigates a brilliant thief who has avoided the FBI’s capture for years. Peter believes that Neal has run off in search of Kate; however, he tracks him to Hagen’s warehouse. With Neal, a convicted felon, inside the warehouse, Peter now has probable cause to enter. He does, and discovers Hagen running a massive counterfeiting operation.