By Michael Theodoulou Danny Brewster, 27, is accused of failing to deliver £70,000 worth of bitcoins The British boss of a company selling the virtual currency Bitcoins is now wanted by Cyprus police on suspicion of fraud. Danny Brewster, 27, is accused of failing to deliver £70,000 worth of bitcoins, a currency created on a computer but increasingly used in real world transactions. The Bentley-owning Briton also allegedly racked up debts of about a million euros on the recession-hit island, a local financial newspaper reported. These stem from ‘a major marketing campaign, employing nearly 20 staff and developers, renting office space and buying furniture,’ the Financial Mirror said on its website on Saturday.
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Danny Brewster, 27, is accused of failing to deliver £70,000 worth of bitcoins
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Spent an estimated £500,000 euros on advertising for launch of Neo & Bee
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Employees alleged to have not been paid in March
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Brewster broke his long silence on April 2 when he denied any wrongdoing
Cyprus based bitcoin vendor @placeholder is under investigation by police after allegations it committed fraud against at least two of their customers