Brendan Gunn, Raygun’s Brother, Charged By Australian Regulator for Crypto-Linked Fraud

Brendan Gunn, the brother of Australian breakdancer Raygun, has been charged by the Australian securities regulator for operating a crypto-linked fraud scheme.

The Australian Securities and Investments Commission (ASIC) cost Gunn with a felony offence, which carries a most three years imprisonment, a effective of $37,800 or each.

Raygun, aka Rachael Gunn, is an Australian breakdancer whose 2024 Olympic look garnered widespread social media consideration. Although Gunn dropped out of the Olympics, her weird efficiency drew loads of ire from social media and gave delivery to a number of viral memes.

ASIC mentioned that Brendan Gunn carried two clean cheques from three victims, totaling A$181,000 ($113,000) for crypto funding. Gunn was the director of Mormarkets Pty Ltd, which accepted deposits for crypto an abroad funding.

Gunn appeared in entrance of a neighborhood courtroom on Tuesday, and is scheduled to seem in courtroom on April 29.