Christopher E. Galvin, a 58-year-old resident of Scottsdale, has been found guilty of wire fraud by a federal jury. The conviction was reached after a three-day trial overseen by United States District Judge Susan M. Brnovich. Galvin's sentencing is scheduled for May 30, 2025.
In April 2019, Galvin established Hypur Ventures II and assumed the role of Chief Executive Officer. He misled an investor into contributing to Hypur Ventures II by falsely claiming that the funds would be directed towards businesses in the cannabis sector. Consequently, the victim transferred $100,000 to Arizona as an investment in Hypur Ventures II based on Galvin's assurances. Instead of investing these funds as promised, Galvin used them for personal expenses including legal fees and other payments. Despite multiple promises to return the money, he failed to do so.
The investigation was carried out by the Federal Bureau of Investigation – Phoenix Division. The case was prosecuted by Assistant U.S. Attorneys Lindsay Short and Bruce Van Baren from the District of Arizona in Phoenix.