Brendan Gunn, the brother of Australian breakdancer Raygun, has been charged by the Australian securities regulator for running a crypto-linked fraud scheme.
The Australian Securities and Investments Commission (ASIC) charge Gunn with a criminal offence, which carries a maximum three years imprisonment, a fine of $37,800 or both.
Raygun, aka Rachael Gunn, is an Australian breakdancer whose 2024 Olympic appearance garnered widespread social media attention. Although Gunn dropped out of the Olympics, her bizarre performance drew a lot of ire from social media and gave birth to several viral memes.
ASIC said that Brendan Gunn carried two blank cheques from three victims, totaling A$181,000 ($113,000) for crypto investment. Gunn was the director of Mormarkets Pty Ltd, which accepted deposits for crypto an overseas investment.
Gunn appeared in front of a local court on Tuesday, and is scheduled to appear in court on April 29.
