Frank Castle joins a cult of assassins to take down an inhumane crime boss!
A French jewel thief, Arsene Jourdan III, and his associates, after completing another heist, encounter the Punisher. It doesn't go well for them. Four days later, a routine fender bender proves to have serious ramifications. Reiko, a member of the Assassin's Guild, lures two would-be rapists, Platzer and Castillo, into a blind alley, and murders them. Reiko's cousin, Masumi, murders one Mister DiTomassio, at the Thousand Autumns Chinese Restaurant, the headquarters of the Assassin's Guild. A clear violation of their practices. A new contract is offered on D. Marro Levy, a realtor. A young boy, Tim Mulvey, meets with a crooked attorney, named Robert Abbey.
Kevin Reynolds murders Gracie Williams, the woman who accidentally ran into his car. Reynolds is seen by two witnesses, one of whom he takes hostage. The Punisher kills Reynolds.The Punisher's research into Reynolds turns up Abbey, but not the man Abbey works for. Williams' father hires Reiko, and Masumi, to assassinate Abbey. Recognizing Reiko on the steet, the Punisher tracks the Assassin's Guild back to the Thousand Autumns Restaurant. Though posing as "James Maxwell", the Punisher is instantly recognized by the Assassin's Guild. By the end of the evening, "Maxwell" has convinced Reiko to go out with him.
Over the next ten days, "Maxwell" courts Reiko, while the Punisher investigates Abbey. Both Reiko, and the Punisher, know the truth about one another, but continue the charade of their "relationship". The Punisher eavesdrops on a conversation between Abbey, and Richard Fletcher. The Punisher confronts Abbey. Masumi assassinates Abbey. The Punisher confronts Reiko. After a long discussion, the Punisher, and Reiko, reach an accord, regarding the Assassin's Guild. The Punisher agrees to a truce with the Assassin's Guild, and enters into an alliance with Reiko, and Masumi. The Punisher talks strategy with Reiko, and Masumi.
The next day, Masumi crashes Caroline Linnet's sweet sixteen birthday party, and gets himself arrested. Posing as Masumi's parents, the Punisher, and Reiko, meet with another lawyer, Wendell Pine, and secure a meeting with Fletcher. Masumi purposefully trips the metal detector, to begin the siege of Fletcher's building. The Punisher, Rieko, and Masumi, split up to take out Fletcher's security forces. During the long assault on Fletcher's security forces, a battle that rages throughout his building, Masumi is shot, and taken prisoner. Fletcher tortures Masumi. During a lull in the interrogation, Masumi lunges for a grenade, and uses it to destroy Fletcher's security station. Masumi is gunned down.
The Punisher storms Fletcher's office. Fletcher tries to make it to his panic room, but Masumi, astonishingly still alive, grapples Fletcher, holding him in his office. Dying, Masumi pleads with the Punisher to shoot through him, and murder Fletcher. The Punisher does so. Reiko disposes of Masumi's body, with an explosive. The Punisher decides to allow the Assassin's Guild to continue to operate. Reynolds' father, Stanley, tries to hire the Assassin's Guild to assassinate the Punisher. The Assassin's Guild refuses the contract.