Greatly outnumbered, Rath, Henning and Czerwinski use their wits to fight their foes. Svetlana is tracked down. Dr. Schmidt forces a truth to be seen.

Rath picks up Richard for a lineup. Ullrich finds a hair in a locket Tilly wore. Nyssen presents a proposal to Gen. Seegers. The Phantom strikes again.

Litten remembers a legal loophole that could save Greta's life. Charlotte visits the inn mentioned in her mother's love letters. Wall Street crashes.