See every side of every news story
Published loading...Updated

Brendan Gunn, Raygun's Brother, Charged By Australian Regulator for Crypto-Linked Fraud

  • Brendan Gunn has been charged with dealing with money suspected to be proceeds of crime while serving as a director of Mormarkets Pty Ltd, according to the Australian Securities and Investments Commission .
  • It is alleged that between March and May 2020, Gunn handled two bank cheques totaling $181,000 from three victims for investment in cryptocurrency.
  • ASIC stated that Gunn opened multiple bank accounts despite being informed of scams, leading to concerns regarding his company's activities.
  • If convicted, Gunn faces a maximum penalty of three years' imprisonment, a fine of $37,800, or both, with his next court appearance scheduled for April 29, 2025.
Insights by Ground AI
Does this summary seem wrong?

17 Articles

All
Left
1
Center
2
Right
4
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 57% of the sources lean Right
57% Right
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

7NEWS Australia broke the news in Australia on Wednesday, March 5, 2025.
Sources are mostly out of (0)

You have read out of your 5 free daily articles.

Join us as a member to unlock exclusive access to diverse content.