the article states that they interviewed Sokratis Rossides, neo legal representative, and that he himself stated that 11 employees -himself included- have handed resignations.
According to him, mr Brewster did inform neo staff and mr Rossides that he would be headed abroad to
locate investors for the project.
Also it is stated in the article that 2 customers have filed complaints with the police re: bought btc that was not credited
but
police responded that they are "inquring on the matter, and trying to understand if this is an offence against Cyprus law, and if so, what kind of an offence it is.
(bold text is mine, to point out that police are yet not sure that anything illegal according to cyprus law has been commited)
According to him, mr Brewster did inform neo staff and mr Rossides that he would be headed abroad to
locate investors for the project.
Also it is stated in the article that 2 customers have filed complaints with the police re: bought btc that was not credited
but
police responded that they are "inquring on the matter, and trying to understand if this is an offence against Cyprus law, and if so, what kind of an offence it is.
(bold text is mine, to point out that police are yet not sure that anything illegal according to cyprus law has been commited)
That has already been pointed out before by another member but you are correct, the police does not know how to handle this.
However, a good lawyer can settle this since ANY kind of purchase that involves fiat currency for ANY kind of product whether physical or not is suitable for a court case.
It's like purchasing a software.
I think the Cypriot police should see this as a digital product at the time being.
I wouldn't expect them to understand the Bitcoin protocol
Besides the scam goes beyond Cyprus since many shareholders are from many countries.
Therefor if the Cypriot police cannot act, other countries will.
