Brendan Gunn, Brother of Olympic Breakdancer Raygun, Faces Fraud Charges Linked to Crypto Investments

Summary

Brendan Gunn has been charged with a fraud involving crypto investments worth A$181,000 (approximately $113,000).
The Australian Securities and Investments Commission (ASIC) has accused him of misusing funds for crypto investment purposes.
His sister, Raygun, is an Olympic breakdancer who gained notoriety during the 2024 Olympics.

Details

Brendan Gunn, the brother of Australian Olympic breakdancer Raygun, has been charged by the Australian securities regulator for running a crypto-linked fraud scheme. The Australian Securities and Investments Commission (ASIC) has formally charged him with a criminal offense, which could lead to a three-year prison sentence, alongside a fine of $37,800 or both.

Raygun, also known as Rachael Gunn, is known for her notorious appearance at the 2024 Olympic Games, which led to significant social media attention and viral memes. According to ASIC, Brendan Gunn managed to obtain two blank checks from three different victims, amounting to A$181,000 (around $113,000) intended for crypto investments. He was the director of Mormarkets Pty Ltd, a company that accepted deposits for crypto and overseas investments.

Gunn is slated to appear in court on April 29.