New York Post,<\/a><\/em> Brandon Gunn has been charged in Australia for allegedly handling more than $100,000 in proceeds from a crypto-related crime. Gunn, a director at Mormarkets Pty Ltd, is accused of dealing with two bank checks containing funds from three investors who believed they were converting their money into cryptocurrency. According to the Australian Securities and Investments Commission (ASIC), these deposits, totaling $181,000, were part of fraudulent investment schemes.<\/p>\n\u201cIt is alleged that Mr. Gunn dealt with two bank checks, which contained the proceeds of four investment amounts totaling $181,000 made by three victim investors who deposited funds for conversion to cryptocurrency,\u201d ASIC stated.<\/p>\n
Authorities further claim that Gunn repeatedly attempted to open new bank accounts for Mormarkets despite warnings and closures by financial institutions due to suspected fraudulent activity.<\/p>\n
\u201cOn behalf of Mormarkets Pty Ltd, Mr Gunn (allegedly) sought to open a series of bank accounts on an ongoing basis to receive and transfer deposits, despite bank accounts being repeatedly closed due to concerns about scams and Mr Gunn being informed of these concerns,\u201d the ASIC statement added.<\/p>\n
Gunn appeared in Downing Centre Local Court on Tuesday and faces a maximum penalty of three years in prison, a $37,800 fine, or both if convicted.<\/p>\n
ASIC chairman Joe Longo emphasized the agency\u2019s commitment to cracking down on financial scams.<\/p>\n
\u201cASIC continues to prioritize scam prevention and detection activity to protect consumers,\u201d Longo said. \u201cWe will continue to partner with international law enforcement organizations and investigate and take action where we see misconduct.\u201d<\/p>\n
Raygu is not alleged to have any involvement in her brother\u2019s case, but the scandal has drawn renewed attention to the controversy surrounding her own career.<\/p>\n
Raygun rose to fame at the 2024 Paris Olympics when breakdancing made its Olympic debut. Her performance was widely criticized, sparking debate over her qualifications and the legitimacy of her selection. She later appeared on \u201cThe Jimmy & Nath Show\u201d and \u201cThe Project,\u201d where she clarified that she was stepping away from competitive breaking but was not retiring from the art form altogether.<\/p>\n
\u201cRaygun\u2019s not retiring\u2026I was talking about competing, and, yeah, I don\u2019t really see myself competing anymore,\u201d Raygun said. \u201cAnd then, like global news, Raygun is retiring, and it just was gotten a little bit out of hand.\u201d<\/p>\n
Despite facing widespread backlash, including conspiracy theories questioning her selection, Raygun defended her credentials and status as Australia\u2019s top-ranked B-Girl for several years.<\/p>\n
Throughout the controversy, her brother publicly stood by her.<\/p>\n
On August 10, 2024, he posted on X: \u201cCould not be prouder of my amazing sister #raygun aka Rachael Gunn who did an incredible job competing in a brand new Olympic sport representing this great country. You will always be a winner to me.\u201d<\/p>\n
Brandon Gunn is set to return to court on April 29 as ASIC continues its investigation into the crypto fraud case.<\/p>\n