After an absence of three weeks, Raffles tells Bunny he has been taking the cure at Carlsbad as an excuse to try to steal jewelry from the wife of moneylender Dan Levy (whom Bunny calls
Mr. Shylock), but returned early to watch his young cricket protégé, Teddy Garland, play at Lord's. At the Albany, however, they catch Teddy writing himself a cheque from Raffles's chequebook. Raffles easily forgives the distraught Teddy, who is seriously in debt to Levy, due to Levy's unfairly high interest. Raffles sends Teddy to sleep, then discusses Levy with Bunny. Next morning, Raffles and Bunny trick Levy into accepting money that Levy had loaned to Raffles as payment for Teddy's debts. Back at the Albany, however, Teddy has disappeared. Teddy's father, Mr. Garland, arrives, looking for him. Raffles suggests they check Mr. Garland's home for Teddy, but Teddy isn't there, either. While Raffles goes to search at Lord's, Bunny distracts Teddy's fiancée, Camilla Belsize, who seems jealous of Raffles's friendship with Teddy. Raffles returns without Teddy, and lies about him to Belsize. Abruptly, Levy and Mr. Garland enter the room. Levy and Raffles do verbal battle with veiled threats. Teddy finally returns, and dismisses Levy from the house. Levy retorts that he owns the house: Mr. Garland has lost it through debt to him. Later, Levy visits Raffles and Bunny at the Albany. Levy suspects it was Raffles who stole (and then gave back) his wife's jewelry. He offers to forgive Raffles if Raffles will steal a document from an enemy lawyer. Raffles agrees to, on the additional condition that Levy forgive Mr. Garland's remaining interest payments. Next day, Raffles and Bunny watch Teddy play at Lord's. Bunny talks to Belsize, while Raffles leaves to prepare the burglary. At night, Bunny joins Raffles in the lawyer's house, where Raffles swaps Levy's document with a fake. They escape the house, while avoiding two bruisers who are chasing them under orders of Levy. They return to Levy, but Levy hurls a whisky decanter at Raffles's face and throws the document into the fire. Bunny knocks Levy to the floor, rendering him unconscious. Raffles recovers, and he and Bunny drag Levy, via a canoe on the nearby river, to an empty house's tower. Raffles drugs Bunny's food, so that Bunny sleeps; when he wakes, Bunny sees Levy is awake, and restrained. Raffles playacts as a judge, and puts Levy on trial. Raffles blackmails Levy into signing off Mr. Garland's debt, and also into writing Raffles a cheque, though Bunny disapproves. Raffles leaves to cash it. Levy tries to struggle against Bunny, but Bunny scares him off with a revolver, which mysteriously returns to his hand after it drops to a lower floor. Raffles returns and sends Bunny to the Albany, but Bunny instead visits Belsize. She confesses that she had secretly been in the tower, and had returned the revolver to Bunny's hand unseen, but makes Bunny swear not to tell. On the way home afterwards, Bunny spots Inspector Mackenzie going to Levy's house. At the Albany, Raffles insists that they pack and leave England. At first, the reason seems to be that Levy has been suddenly murdered, but on the continental train Bunny learns that Raffles is actually avoiding Belsize, who Raffles has feelings for. At a station, they encounter Mackenzie, who informs them that Levy was murdered by an unrelated debtor. All danger at home is now gone. Regardless, Bunny stays with Raffles. Several years later, Bunny, now Raffles's biographer of ruined reputation, runs into Teddy at a Turkish bath. Teddy eagerly bids Bunny to write all about the adventure involving him and his wife. ==Adaptations==