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U.S. ATTORNEY
Sentencing set for Scottsdale man convicted of wire fraud in cannabis case
(Metro Creative Connection)
Posted
INDEPENDENT NEWSMEDIA
A 58-year-old Scottsdale man is scheduled to be sentenced May 30 following his conviction this month on one count of wire fraud.
The guilty verdict came after a three-day trial for Christopher E. Galvin in federal court.
In April 2019, Galvin founded Hypur Ventures II and became its CEO, according to a release from the U.S. Attorney’s Office, Arizona district.
“Galvin made misrepresentations to a victim to convince the victim to invest in Hypur Ventures II. Among other things, Galvin told the victim that he would invest the victim’s money in a fund of businesses in the cannabis industry,” the release stated.
As a result of Galvin’s misrepresentations, authorities said, the victim wired $100,000 for an investment in Hypur Ventures II in Arizona.
Galvin did not invest the money but used it to pay his legal bills, pay others and “enrich himself.
“Galvin never returned any of the victim’s money despite repeatedly promising the victim that he would do so,” according to the release.
We’d like to invite our readers to submit their civil comments on this issue. Email AZOpinions@iniusa.org.
