Police in Cyprus Reportedly Issue Arrest Warrant For Neo & Bee Chief Danny Brewster
Neo & Bee Chief Danny Brewster is apparently wanted by authorities, according to a report on Friday from the Cyprus Mail. Brewster, who recently left the country in search of investors for his failing business is wanted on suspicion of fraud. According to a Cyprus Mail source, Brewster is "a person of interest in an ongoing investigation". Brewster was assumed to have fled the country and run off with customer money not terribly long ago, but spoke up and said he was actively looking for investors to save the business. Alleged threats against his daughter, he says, kept him out of Cyprus.....
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Danny Brewster, founder and CEO of Cyprus-based bitcoin depositary institution Neo and payment service Bee (known collectively as Neo & Bee), is now wanted by domestic law enforcement officials. The Cyprus Mail reported that an arrest warrent has been issued for Brewster, who earlier this month was reportedly accused of defrauding customers. The embattled CEO has been named as a "person of interest" in an investigation of the troubled Cyprus-based bitcoin savings and payment network, and three formal fraud charges have been filed against Brewster, law enforcement sources told the media....
Click For CCN's Greek Article. According to Cyprus News site, Cyprus-Mail, Cypriot police have issued an arrest warrant for Danny Brewster, the CEO of Neo & Bee. Last week, CCN wrote about the insolvency of Neo & Bee midst the suspension of Neo & Bee shares on Havelock Investments. It is now clear that Danny Brewster unceremoniously dumped his portion of his shares onto unsuspecting hopeful Bitcoin investors from around the world. Of course, as the shadowy world of Bitcoin securities is utterly unregulated and money disappears regularly, something that Danny Brewster and Neo & Bee know....
Today, the embattled CEO of Neo & Bee, Danny Brewster, went to reddit to refute accusations of fraud and embezzlement, which led to the Cypriot police issuing a warrant for his arrest last Friday. Posting under the pseudonym of ‘cryptocyprus,’ Brewster described the charges of fraud brought against him as “baffling.” He rebutted that he simply took Bitcoins from his customers explaining that he had not received one single request nor was he provided with any addresses by the individuals who bought the coins from him so he could transfer them the funds. The amount in question was also....
Neo & Bee has won the market with a nasty advertising campaign, offering business wallets and Bee cards with corresponding terminals and APIs earlier this year. Ambitious business has been stopped by the end of March, while the flow of transactions was not even self-sufficient. However, the service has re-launched on April 4th at 5:00 PM EST some questions remain unanswered. Danny Brewster does not consider his move as fleeing from the country. He believes it was a reasonable reaction on threats he has received. The temporary absence will end once the matter will be cleared by the local....
Danny Brewster, CEO of bitcoin services company Neo & Bee, is reportedly facing fraud charges filed by two customers in Cyprus who claim that they have never received any bitcoins from the company. According to a report in the Cyprus Mail, the customers paid €15,000 and €20,000 respectively, for the bitcoins, which never materialised. Police are investigating, the newspaper says. Earlier this week Neo & Bee was caught up in a media frenzy, after it emerged that the company may be facing insolvency. Neo & Bee then asked Havelock Investments to suspend trading of LMB Holdings shares. LMB....