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 outlet.
Police may also issue a European warrant for Brewster's arrest.
Trouble grows for Neo & Bee
Neo & Bee is at the center of a growing controversy after its CEO abruptly departed the country earlier this month, reportedly seeking investment to keep the company afloat. Brewster, however, indicated that he would not return following allegations that threats were targeted at his daughter.
Neo & Bee's future uncertain
Neo & Bee first opened to a good deal of enthusiasm in the community, with some commentators hailing the opening of the bank-like company as a step forward for popular acceptance of digital currencies.
Brewster, whose exact location is unknown, has said in the past that he plans to sell his equity in the company. It remains unclear whether or not the arrest warrant will change the calculus of any sale of his stake.
Image via Neo & Bee
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.