It is alleged they made dishonest representations to induce Glenn Melcheck and his wife to pay $2 million and buy 50 per cent of the Brooks' sports merchandise company before it failed months later in 2008.
Five years after their arrest, Brooks, 60, and his wife Linda appeared at a Brisbane Magistrates Court committal hearing last month.
The court heard Mr Melcheck told police that Linda Brooks made false claims about having established relationships with European sporting teams such as Chelsea, Arsenal and Manchester United in a meeting to discuss buying into their company in early 2008.
Mr Melcheck did not provide a written statement to police about the fraud claims until March 2016.
At the committal hearing, defence barrister Christopher Wilson said Brooks' nose was broken after being jumped on the Gold Coast in 2010 by bikies hired by ex-business partner Mr Melcheck.
Mr Melcheck told the court he had hired the men from a debt collection agency but didn't see violence and only wanted Brooks to sign forms authorising access to the company account's existing funds.
Brooks' defence team made a no case application to magistrate Peter Saggers in a bid to have the charges dropped when the hearing concluded last month.
Brooks and his wife were able to return to their Bali home on bail.
Brooks told reporters he was "quite emotional but happy" after the committal.
"It was nice to finally have our story heard," he said.
Brooks earned fame as part of Australia's champion "Mean Machine" freestyle relay team, winning 1980 Olympic 4x100m medley gold before becoming a high-profile TV sport presenter.
The matter was adjourned for a January 24 review with Brooks and his wife set to appear at a March 28 hearing at Brisbane Magistrates Court.
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