Cover Story: Six Things to Know About the Fall of Cambodia’s Cybercrime Kingpin Chen Zhi

To those who followed the rise of Chinese billionaire Chen Zhi, the 38-year-old’s downfall looked less like a sudden reversal of fortunes than a delayed reckoning over a bet gone bad.

Chen’s wager had been that his sprawling conglomerate Prince Holding Group could mask a vast cross-border network accused of engaging in cybercrime and money laundering. In October, the U.S. Department of Justice (DOJ) alleged that billions of dollars had been stolen from victims around the world.