Brother of viral Olympic breakdancer Raygun facing prison time over alleged crypto scheme
Brendan Gunn, brother of the viral Olympian breakdancer, was arrested on suspicion of orchestrating a cryptocurrency scheme
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Raygun’s brother will have to do some dancing to get out of this mess.
Brendan Gunn, the brother of viral Olympic breakdancer Rachel ‘Raygun’ Gunn, is in hot water after being arrested on suspicion of orchestrating a huge cryptocurrency scheme.
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Brother of viral Olympic breakdancer Raygun facing prison time over alleged crypto scheme Back to video
The Australian Securities and Investments Commission announced the charges against Brendan Gunn on Wednesday, accusing him of dealing “with money or other property” that were “reasonable to suspect” were the proceeds of a crime.
“It is alleged that Mr. Gunn dealt with two bank cheques, which contained the proceeds of four investment amounts totaling $181,000 made by three victim investors who deposited funds for conversion to cryptocurrency,” the ASIC said in a statement, according to People.
The Olympian’s brother now faces three years in prison and a fine of roughly $25,000.
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Australian authorities say that Brendan Gunn was a director of Mormarkets Pty Ltd., “a company which accepted deposits from Australians for conversion to cryptocurrency and other purported overseas investment opportunities.”
They allege that Gunn had “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.”
Raygun became an instant viral sensation at the Summer Games in Paris last year.
The Aussie caught the world’s attention for her controversial routine, which included moves that resembled kangaroo hopping, rolling on the floor like a toddler and doing the sprinkler.
She failed to score a single point and lost all three of her Olympic matchups, finishing second-last in the event ahead of only one competitor who was disqualified.
After her performance, Raygun didn’t shy away from the public spotlight. She has made several TV appearances and signed a deal with a PR firm.
Raygun also blasted the rumours late last year that she was retiring from breakdancing.
“So, I was talking, you know, on 2dayFM about how I’m not going to do certain competitions anymore, which didn’t seem like such a big deal because breaking is not going to be in the Olympics (at L.A. 2028) anyway,” she said on Aussie breakfast program Nine’s Today.
“But you know, I’m still going to be part of community jams, or I’d like to go to community jams and still dance and still break. Never used the word ‘retire.’
“But, you know, it just caught on to the news cycle.”
Host Sarah Abdo interjected, asking for confirmation that Raygun was not, in fact, retiring.
“I’m not retiring,” Gunn replied. “You try and stop me. I’m not ever going to stop dancing.
“So, if you hear that again, you know that it’s not the truth.”
Gunn, 37, went on to say that breaking was a “lifestyle” and that “you can’t retire from culture.”
“You can’t retire from an art form. so that’s why I’m never going to stop.”
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