Australian B-Woman’s Brother Arrested For Crypto Fraud
The household of the controversial Olympian breakdancer Rachael “Raygun” Gunn will sadly must take care of elevated public scrutiny of one of many family as soon as once more following the arrest of her brother.
In line with New York Publish, Brandon Gunn has been charged in Australia for allegedly dealing with greater than $100,000 in proceeds from a crypto-related crime. Gunn, a director at Mormarkets Pty Ltd, is accused of coping with two financial institution checks containing funds from three traders who believed they had been changing their cash into cryptocurrency. In line with the Australian Securities and Investments Fee (ASIC), these deposits, totaling $181,000, had been a part of fraudulent funding schemes.
“It’s alleged that Mr. Gunn handled two financial institution checks, which contained the proceeds of 4 funding quantities totaling $181,000 made by three sufferer traders who deposited funds for conversion to cryptocurrency,” ASIC said.
Authorities additional declare that Gunn repeatedly tried to open new financial institution accounts for Mormarkets regardless of warnings and closures by monetary establishments on account of suspected fraudulent exercise.
“On behalf of Mormarkets Pty Ltd, Mr Gunn (allegedly) sought to open a collection of financial institution accounts on an ongoing foundation to obtain and switch deposits, regardless of financial institution accounts being repeatedly closed on account of considerations about scams and Mr Gunn being knowledgeable of those considerations,” the ASIC assertion added.
Gunn appeared in Downing Centre Native Court docket on Tuesday and faces a most penalty of three years in jail, a $37,800 tremendous, or each if convicted.
ASIC chairman Joe Longo emphasised the company’s dedication to cracking down on monetary scams.
“ASIC continues to prioritize rip-off prevention and detection exercise to guard shoppers,” Longo mentioned. “We’ll proceed to associate with worldwide legislation enforcement organizations and examine and take motion the place we see misconduct.”
Raygu isn’t alleged to have any involvement in her brother’s case, however the scandal has drawn renewed consideration to the controversy surrounding her personal profession.
Raygun rose to fame on the 2024 Paris Olympics when breakdancing made its Olympic debut. Her efficiency was broadly criticized, sparking debate over her {qualifications} and the legitimacy of her choice. She later appeared on “The Jimmy & Nath Present” and “The Challenge,” the place she clarified that she was stepping away from aggressive breaking however was not retiring from the artwork kind altogether.
“Raygun’s not retiring…I used to be speaking about competing, and, yeah, I don’t actually see myself competing anymore,” Raygun mentioned. “After which, like world information, Raygun is retiring, and it simply was gotten slightly bit out of hand.”
Regardless of going through widespread backlash, together with conspiracy theories questioning her choice, Raygun defended her credentials and standing as Australia’s top-ranked B-Woman for a number of years.
All through the controversy, her brother publicly stood by her.
On August 10, 2024, he posted on X: “Couldn’t be prouder of my superb sister #raygun aka Rachael Gunn who did an unimaginable job competing in a model new Olympic sport representing this nice nation. You’ll all the time be a winner to me.”
Brandon Gunn is about to return to court docket on April 29 as ASIC continues its investigation into the crypto fraud case.
