Diminishing Returns

Season 4, Episode 3 -  Air Date: 7/24/2012
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From USA: "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."

‘White Collar‘ Recap: Peter Accepts New Role, Neal Seeks Answers

Neal‘s been a criminal for a long time, but in tonight‘s episode, he admits it casually to Peter as he reminisces what little he knows about his father. While other season-long arcs saw Neal continue his criminal enterprises, this is the season where he plays by the rules and instead seeks to find out whether or not his father was a murderer. Even though he doesn‘t come out and say it, it is heavily hinted that Neal believes his life of crime may have begun when he learned the truth about his father.
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