Ray is brought in by the police, only to find out that the Captain, Nelson Riskin, wants to "hire" him, favor for favor. Riskin is being framed for his wife's murder. Helped by Riskin's assistant Candace, Ray goes undercover in a variety of guises. He eventually finds out that Riskin had incriminating information on a former Police Chief, Donald Dixon, who is now running for governor. Dixon and his squad of policemen framed Riskin. Ray escapes an execution squad, and reveals the evidence to Dixon's political backer. Dixon and his head goon try to escape, only to be stopped by Ray. At the end, Riskin is cleared but is unaware that Candace is romantically interested in him.
While relaxing at one of his favor-ower's homes, Ray finds himself drawn into a plan by an insane doctor to let loose a highly virulent strain of anthrax when one victim literally pulls up in front of the house. Fighting against time and the possibility of his own contagious infection, Ray dodges corrupt government officials trying to cover up the incident as he tries to prevent the scientist from infecting the local water supply with the anthrax.
Women are mysteriously being murdered by a serial killer. Each of them advertised for help using an ad for a black Stingray Corvette, and the murderer drives around in a Stingray. One of Ray's former clients, a councilwoman, helps to bring him in. Ray pulls in a favor or two to get out of jail, and begins to investigate. He eventually finds out that an old friend from his mysterious past, Edward Benton, is trying to get revenge on him. During a mission in East Germany, Benton was left behind and imprisoned and tortured as a spy. Now he is seeking to even the score. Ray tracks him down and rather then let himself capture, Benton drives his car into a wall.
A rather dimwitted garage worker and his criminal buddy steal $700,000 from a Mafioso who launders his money through the garage which he owns. The garage worker's sister is concerned that her brother is going to blow it: he doesn't seem to realize that quitting the day after you rob your boss and going crazy spending the money on coll stuff is a bad thing. She contacts Ray, who pretends to be another dimwitted crook and tries to get the two criminals out of trouble. The brother's buddy tries to double-cross them, and eventually despite Ray's best efforts to work things out, the sister is killed by the Mafioso Godfather. Her brother is left to mourn, as Ray warns him that he'll have to repay the favor his sister owed him.
Ray gets drawn into a case of a drugged-up TV star, Ty Gardiner, who tries to hire him despite Ray's misgivings. Turns out Gardiner's name and celebrity were used by his unscrupulous partner to rip off both the Mafia and the Yakuza. Now that the partner has disappeared, Gardiner is left holding the bag with both sides trying to kill him, and the Feds looking for him as well. Ray's attempts to negotiate the matter aren't helped by Gardiner, who fancies himself the big dramatic hero that he plays on TV. Ray manages to set up both the Mafia and the Yakuza to shoot it out with each other, using Gardiner as bait so that he isn't wanted by the Feds. In the subsequent shootout Ray and Ty both end up in hospital beds, with Gardiner hatching another nutty scheme.