Source: Havelock InvestmentsQuestionable activityOn March 28, Havelock halted trading of the NEOBEE fund on its site due to what was then referred to as “questionable trading activity”.Havelock Investments made an announcement earlier today that the ticker name for Neo & Bee would be changed from NEOBEE to NEOBEEQ.In the announcement, Havelock noted it has not received an update from Neo & Bee as of yet:“Financial information on the status of the company [Neo & Bee] has not been released. The units of this Fund will continue to trade even if the company will file for bankruptcy.”About Neo & BeeFounded by Danny Brewster, Neo & Bee is a savings and payment processing infrastructure for bitcoin, and started doing business in Cyprus with plans to expand to the larger European market.Neo is the company’s banking arm, with physical branches. Bee is the payments portion of the business, thus the Neo & Bee name as two separate functions working together as one organization. 
Danny Brewster. Source: TwitterHowever, the company has been experiencing turmoil as of late. On 31 March, the company’s shares were suspended from trading on Havelock due to some strange trades. Brewster, the CEO, made a statement on 2 April in order to reassure the company’s investors.The Cyprus Mail reported on 4 April that Brewster was facing fraud charges stemming from two customers that claim they never received bitcoin that they had paid for from Neo & Bee. Brewster has made it known to the bitcoin community that he is currently not in Cyprus.About HavelockHavelock Investments bills itself as a bitcoin-based source for “private companies looking for venture capital”, according to its website. 
Source: Havelock InvestmentsSince the NEOBEEQ trading symbol went live for Neo & Bee trading, the Havelock site has been experiencing intermittent outages with CloudFlare proxy placeholders often taking the place of active webpages.The two largest companies currently on Havelock by market cap are Crypto Financial, which provides fiduciary services within the cryptocurrency industry, and an ASICMiner shares fund.Havelock Investments makes money via fees on its all-bitcoin platform. There is a a 0.4% trading fee and it also charges users 0.0010BTC, with 0.0005 BTC being paid as a network transaction fee, for withdrawals.This story is still developing. CoinDesk will monitor and provide updates as new details become known.Neo bank image via Cyprus MailCyprusDanny BrewsterHavelock InvestmentsNeo & BeeNEOBEEQOriginal author: Daniel Cawrey