The brother of Olympian breakdancer Rachael “Raygun” Gunn has been charged with allegedly dealing with proceeds of crime of more than $100,000 or more.
Brendan Gunn, of Camp Hill, Queensland, faced Sydney Downing Centre Local Court on Tuesday over the charge.
According to Australian Securities and Investments Commission (ASIC), the alleged offences took place between March 19, 2020, and May 15, 2020.
If convicted, Mr Gunn could face up to a maximum penalty of three years imprisonment or a fine of $37,800, or both.
Mr Gunn was a director of Mormarkets Pty Ltd at the time of the events, a company which accepted deposits from Australians for conversion to cryptocurrency and other purported overseas investment opportunities.
ASIC alleges he sought to open a series of bank accounts on an ongoing basis to receive and transfer deposits on behalf of Mormarkets Pty Ltd.
This was allegedly done despite bank accounts being repeatedly closed due to concerns about scams and Mr Gunn being informed of these concerns.
It is also alleged that Mr Gunn dealt with two bank cheques, which contained the proceeds of four investment amounts totalling $181,000 made by three victim investors who deposited funds for conversion to cryptocurrency.
ASIC Chair Joe Longo said in a statement, “ASIC continues to prioritise scam prevention and detection activity to protect consumers. We will continue to partner with international law enforcement organisations and investigate and take action where we see misconduct.
“This matter reflects ASIC’s commitment to pursue those in Australia who it is alleged are involved in facilitating cross border scams targeting Australian investors.”
On Mr Gunn’s social media, he claims to have a passion for the “financial markets, technology and sports” and is following the lifelong dream of being a “successful entrepreneur”.
Mr Gunns’ case is currently being prosecuted by the Commonwealth Director of Public Prosecutions following an investigation and referral by ASIC.
He is due to face court again on April 29.
