Scottsdale CEO convicted of $100K cannabis investment fraud

Christopher E. Galvin, a 58-year-old Scottsdale man, was convicted of wire fraud for defrauding an investor of $100,000 through a bogus cannabis investment fund he founded, Hypur Ventures II, in April 2019. Following a three-day trial, a federal jury found that Galvin convinced the victim that their money would be invested in cannabis-related businesses, but he instead used the funds to cover his legal bills and enrich himself. The U.S. Attorney's Office has stated that Galvin failed to return any money to the victim despite assurances to do so. His sentencing is scheduled for May 30, 2025, as confirmed by multiple sources including the U.S. Attorney's Office and local news reports. The investigation was carried out by the FBI's Phoenix Division, highlighting the serious implications of fraudulent activities in the investment landscape, particularly within emerging industries like cannabis.