DANNY Brewster, CEO of bitcoin vendors Neo & Bee, is wanted by police on suspicion of fraud.
Police issued an arrest warrant for Brewster on Friday. Sources told the Cyprus Mail that Brewster is “a person of interest in an ongoing investigation” involving the alleged defrauding of Neo & Bee customers.
The Mail is told that so far three formal complaints have been filed against Brewster alleging he fraudulently obtained money from customers in exchange for bitcoins, which they never received.
The two earlier complaints filed last week concerned the amounts of €20,000 and €15,000.
A police source did not rule out subsequently issuing a European arrest warrant for Brewster.
Other media outlets have reported that the company halted operations late in March before its software to carry out transactions had even gone live.
Brewster dropped off the grid on April 2, when he last posted on a bitcoin forum claiming he had fled the island due to threats against his family. The entrepreneur also claimed that he reported the threats to authorities here, although police said no formal complaint was filed.
In his post, Brewster said he initially left Cyprus on a “short-term temporary basis” in order to raise additional capital for the business “through the sale of my equity as we had run out of liquidity.”
His plans changed, he added, the moment threats were made against his daughter, at which point he decided to remain abroad and to sell all of his equity in the company.
More:
http://cyprus-mail.com/2014/04/11/cyprus-police-issue-arrest-warrant-for-bitcoin-entrepreneur/Neo & Bee had such a good buzz going; Too bad this one failed.
