Det Frazier enters the bank to make sure the hostages are still alive and unharmed. He knows something is up. As he leaves, he gets the upper hand on Dalton and wrestles him to the front door, but one of Dalton's men turns up with a rifle to Frazier's head just in time. Frazier returns to the command center to form a new plan.
Just then they receive a call - Dalton wants them to turn on the cameras, where they witness somebody, wrapped in a white sheet, being shot by the gang. Frazier is irate, and in a daze (and a really shoddy piece of filmmaking) glides towards the bank (on a Segway???). He demands to know why Dalton did that, as he thought he had it all figured out. Dalton reiterates that he wants a plane and buses. Frazier won't leave. Dalton opens the door, sticks a gun to him, and tells him that he is too clever to be in this job, and he wants to deal with someone else next time.
The Police Chief has been called and has had enough. Frazier and Mitchell are off the case, and Captain Darius is in charge. Darius gathers his men, with plans to storm the bank.
A little while later, Frazier takes some fresh air and while talking to a cop suddenly realizes that Dalton has been listening in on them all this time. He races back to the command center and finds a bug in the original metal demand box. He orders Darius to stand down over the radio, but his concerns are ignored.
It's only at this time, for some reason, that Dalton decides to spring into action. He summons his men to move the hostages out of the rooms and prepare for the breach.
As Darius is about to start the raid, the front doors blow and the hostages run out. Those at the front are gunned down by rubber bullets. The others have their hands up and dive to the ground. The cops move in and tie plastic handcuffs around everyone.
They move into the building and search all the rooms, but can't find anybody else. They can see the open vault, with the cell phones inside, bags of clothes, the guns (toy guns) in an office -- and the white sheet with a blood squirting device.
Later, the interviews are almost over, and the Detectives are no closer to the truth. No money was taken and no one was harmed. The Chief tells Frazier to drop the case.
Frazier looks over a list of the safety deposit boxes, and notices that box 392 is not listed.
In the interlocking sub-plot, White (Jodie Foster) confronts Arthur Case and put two and two together that he made his money in WW2 selling fellow Jews to the Nazis, and was paid in diamonds.
Meanwhile, Dalton finishes his talk to the camera, and then leaves his tiny cell behind the false wall in the bank's store room. It's been a week since the robbery. Dressed in casual clothes with a Yankees baseball cap he walks through the bank. His accomplices wait outside - but give him a call when they see Frazier return to the bank.
Dalton bumps into his nemesis as he exits, but continues out and joins the other bankrobbers.
Frazier orders the bank to open box 392. Inside is chewing gum, and a red box holding the infamous stolen ring - with a note 'to follow it'. The Detectives confront Case in his office, and then disrupt the Mayor and White in a restaurant, to tell him to look into the case of the ring and alert the War Crimes authorities.
Frazier finally returns home to his wife - and notices a small diamond in his pocket, dropped inside when he bumped into Dalton at the bank befor, which would help make a fine engagement ring.