Some mercenaries set up what’s basically a “band camp” for ninjas, allowing rich people to come learn the art of ninja-ing but then, when they’re there, extorting them. Punisher goes there undercover and spoils the party.
This is kind of a low-level threat for him, but at least he’s expanding to go after more white-collar(ish) crime.
It’s the first appearance of Saracen, who is there for revenge against the people who run the camp, and teams up with Punisher to explode the place.
Creators: Mike Baron, Erik Larsen