Young Lee, Pinkberry Co-Founder, Arrested On Assault Warrant (VIDEO)

01/17/2012 05:01 am ET | Updated Jan 18, 2012

Things have taken a turn for the sour for Young Lee, a co-founder of the Pinkberry frozen yogurt chain famous for its tart frozen treats.

Lee was arrested at LAX on Monday on an outstanding warrant for allegedly beating a homeless man with a tire iron, CBS Los Angeles reports. An LAPD and FBI fugitive task force arrested 47-year-old Young Lee, who is being held on $60,000 bail.

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The arrest was for an incident that took place in June 2011 on the Vermont Avenue off-ramp of the 101 freeway, according to KTLA. While stopped at a light, Lee was asked for change by a homeless man. Then, after a verbal exchange, Lee and the male passenger in his car allegedly chased the homeless man down and beat him with a tire iron.

Pinkberry has faced legal controversy in the past about whether calling its product "yogurt" is honest advertising, since it's made from a powder and mixed in-store. The chain has 100 locations worldwide.

Lee founded Pinkberry with his then-wife Shelly Hwang in 2005. Hwang filed for divorce in 2010 and claimed the rights to a Pinkberry location, hundreds of thousands of dollars in shared assets, furniture, artwork and a 2008 Bentley, according to TMZ.

UPDATE: Young Lee apparently beat the homeless man after becoming offended at the transient's sexually explicit tattoo, reports the Los Angeles Times. The District Attorney's office declined to describe the tattoo.

The Los Angeles Police Department confirmed to the Huffington Post that Lee was released Tuesday on $60,000 bail.

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