Olympic Brother Jailed Over Alleged Crypto Scam Funds

Australian Olympian Rachael 'Raygun' Gunn's brother, Brendan Gunn, has been sentenced to a suspended custodial sentence for handling over $180,000 linked to an alleged cryptocurrency investment scam.

The case centered on Mormarkets' banking activity, with repeated fraud warnings preceding the movement of more than $181,000 through closed accounts. Despite these warnings, Gunn continued dealing with the funds, helping suspected international scammers transfer money taken from Australians.

Gunn acted as a director of Mormarkets, which traded as Coinshype and accepted deposits from Australians for cryptocurrency and other purported investments between December 2018 and May 2020. He received two bank cheques containing investment proceeds worth $181,000 before forwarding them to an associate.