Web of Spider-Man #30
In "The Wages of Sin," Spider-Man grapples with the shocking truth that Ned Leeds has been the Hobgoblin all along, while Richard Fisk, in a moment of confession, reveals the dark origins behind his own identity as the Rose and the twisted path that led Ned to become the Hobgoblin. Written by James Owsley and brought to life by Steve Geiger’s detailed art—supported by a stellar team of inkers and colorist George Roussos—this 1987 issue deepens the mystery with a haunting, introspective tone. The cover by Steve Geiger and Art Nichols captures the weight of the moment, setting the stage for a story that lingers long after the final page.
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Spider-Man is still stunned by the revelation that Ned Leeds was the Hobgoblin; Richard Fisk, in confessing his sins to a priest, relates his origin as the Rose and that of Ned as the Hobgoblin.
Plot details indexed by the Grand Comics Database (CC BY-SA).