A Scottsdale man, Christopher E. Galvin, was convicted by a federal jury last week on one count of Wire Fraud. The guilty verdict against the 58-year-old Galvin came after a three-day jury trial.
In April 2019, Galvin founded Hypur Ventures II and became its Chief Executive Officer. 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. As a result of Galvin’s misrepresentations, the victim wired $100,000 for an investment in Hypur Ventures II in Arizona. Galvin did not invest the money but instead 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.
Galvin’s sentencing is set for May 30, 2025.