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.
Brewster’s whereabouts remain unknown.
Neo & Bee was designed to be a bitcoin bank of sorts, allowing customers to have interactions with the digital currency at a physical location. With a swanky Nicosia branch and an advertising campaign unlike anything the bitcoinosphere has seen, it’s no surprise the company ran out of money.
At this time, the Neo & Bee branch in Nicosia remains closed and employees say they haven’t been paid for the month of March.