Prime Minister Larya of Svardia is working to establish democracy, but is unaware that his personal protege, Deputy Premier Pavel, plans to set up a dictatorship. The team must persuade Larya of Pavel's plans. The IMF fakes a train ride for Larya, Pavel, and Pavel's aide Androv. They then fake a crash, put Androv and Pavel in a fake hospital, and tell them that Larya is dead. They immediately begin plans to eliminate anymemory of Larya and start arresting dissidents. Then the hospital wall slides away to reveal that Larya has heard the whole thing, and dismisses them both.

Stu Gorman is a music-industry figurehead for the Syndicate. He and his financial expert, Belker, are taking control of the music industry and the IMF have to stop him. The IMF know that Gorman killed a witness, Judy, to keep her from testifying, so Barney auditions for Gorman using a song called ""Judy's Gone Now"" and claiming Judy had taped Gorman when he killed her, and he has the tape. Barney gets Gorman to pay blackmail while Willy fake-rigs Belker's car to explode and claims he's working for Gorman when caught. Belker gets lead to Jim as a corrupt policeman with the recording, and he and Jim agree to blackmail Gorman instead. The IMF gives Belker a fake tape of the murder scene and when Belker confronts Gorman, Gorman knows its a fake and admits he killed Judy, then tries to kill Belker. But the police show up - the IMF have Gorman's confession on tape.

Syndicate man Jay Braddock has corrupted promoter Paul Mitchell into working with him - they had middleweighter Loomis killed when he refused to throw a fight and the IMF must bring both men to justice. They do so by convincing Mitchell that his partner plans to kill him. Barney and Jim steal $37,800 from Braddock and then as a rival mob offer the partners the same amount to buy out their fighter Novick. Braddock decides to have Novick killed but the IMF intercept the call and send in Jim as the hit man. He ""kills"" Novick with a firebomb along with Susan Mitchell (actually Casey in disugise), the promoter's daughter. Mitchell tries to back out as the IMF pressure him, but Braddock messes things up by offering to kill Jim to reassure Mitchell. He manages to escape and they arrest both men.