Appearing in "Crime and Punishment (Part I)"
- Nick Fury
- Frank's wife (Only in flashback)
- Frank's daughter (Only in flashback)
- Frank's son (Only in flashback)
- Red Hammer (Joseph Petrenko) (First appearance) (Only in flashback)
- Numerous criminals (Main story and flashback) (Death)
Synopsis for "Crime and Punishment (Part I)"
Frank Castle, a.k.a the Punisher, is out taking care of the scum that walks the streets. His new goal is to eliminate mob boss Joseph Petrenko, a.k.a. the Red Hammer. The Red Hammer is having a meeting with his fellow mob bosses because he feels that New York's mob bosses are trying to muscle him out of town. The Punisher kidnaps, interrogates, and then kills for answers to the whereabouts of the meeting. Frank disguises himself as a limousine driver, and when the Red Hammer is about to enter his car, Frank pulls out a gun and prepares to kill him. Unexpectedly, the Red Hammer blocks away Frank's arm, punches his head into the car window, and then kicks him into the car. It is revealed that this was not in fact the Red Hammer, but actually Steve Rogers, a.k.a Captain America, in disguise as the Red Hammer, in a plot to take the Punisher down. When Frank wakes up, he's in a S.H.I.E.L.D. hospital, being 'greeted' by Nick Fury and Monica Chang, a.k.a the Black Widow. Fury and Chang ask Frank what they could do with a useful guy like him. They talk about how the Avengers are a black OPS team, and how heroes like Captain America would frown upon teams such as this. Chang comments that the team is looking for a Captain America of their own. Fury, Chang and Castle stare at each other, knowing what each of them are thinking. Three hours later, Frank is now wearing a specialized suit that will increase his skills . Chang asks what the update is on the Hulk, and a S.H.I.E.L.D. agent tells her that War Machine is scheduled for a meeting in the morning. Frank comments that it's insane to bring in the Hulk in such a mission. Nick Fury responds by saying that this isn't Bruce Banner, but Bruce Banner's mentor. This Hulk is the first Hulk. To Be Continued.
Some jobs are just too dirty for the Ultimates. For these, Nick Fury must gather the Avengers, a black ops team willing to do the missions that others won’t. What role will an infamous mass killer play in Fury’s plans? Find out here, as the Punisher returns to the Ultimate Universe! The blockbuster team of MARK MILLAR (ULTIMATES) and LEINIL FRANCIS YU (SECRET INVASION) presents the explosive beginning to ULTIMATE COMICS AVENGERS: CRIME AND PUNISHMENT.
- Even though the cover titles this issue as "Ultimate Avengers 2 #1", the Indicia lists this as "Ultimate Avengers #7"
- Tyrone Cash isn't named until the next issue.