SCOTTSDALE, AZ (AZFamily) — A Scottsdale resident has been convicted of defrauding a victim of $100,000 through a fake cannabis investment fund.

Last week’s conviction of Christopher Galvin, 58, was announced Friday by the U.S. Attorney’s Office for the District of Arizona. Galvin was convicted by a federal jury on one count of wire fraud.

His sentencing is set for May 30.

Charging documents allege that Galvin founded Hypur Ventures II in April 2019 and acted as chief executive officer.

He reportedly convinced a victim to wire him $100,000 as an investment into Hypur Ventures II. The attorney’s office said Galvin told the victim that the money would be invested into businesses in the cannabis industry, which never happened.

Galvin used the money to pay his own legal bills, pay others and enrich himself, according to documents. He never returned any money to the victim, despite reportedly promising he would do so.

The FBI’s Phoenix Division conducted this investigation.

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