Defendant Name:
Taronis Technologies, Inc.
Defendant Type:
Public Company
SIC Code:
3559
CUSIP:
87621420
Initial Case Details
Legal Case Name
SEC v. Taronis Technologies, Inc. (n/k/a BBHC, Inc.), Taronis Fuels, Inc., Scott David Mahoney, and Tyler Burnett Wilson
First Document Date
24-Aug-2022
Initial Filing Format
Civil Proceeding
Case Number
22-cv-01939
Allegation Type
Issuer Reporting and Disclosure
Federal District Court
Florida, Middle District of Florida
Violations Alleged
Additionally,
Scott David Mahoney is alleged to have controlled Taronis Technologies, Inc.'s violation of Sec 10(b) + Rule 10b-5 of the Exchange Act.
Scott David Mahoney is alleged to have aided and abetted Taronis Technologies, Inc.'s violation of Rule 12b-20 of the Exchange Act.
Scott David Mahoney is alleged to have controlled Taronis Technologies, Inc.'s violation of Rule 12b-20 of the Exchange Act.
Scott David Mahoney is alleged to have aided and abetted Taronis Technologies, Inc.'s violation of Sec 13(a) of the Exchange Act.
Scott David Mahoney is alleged to have controlled Taronis Technologies, Inc.'s violation of Sec 13(a) of the Exchange Act.
Scott David Mahoney is alleged to have aided and abetted Taronis Technologies, Inc.'s violation of Rule 13a-11 of the Exchange Act.
Scott David Mahoney is alleged to have controlled Taronis Technologies, Inc.'s violation of Rule 13a-11 of the Exchange Act.
Resolutions
First Resolution Date
27-Sep-2024
Headline Total Penalty and Disgorgement
$1,035,909
Related Documents:
Complaint for Injunctive and Other Relief and Demand for Jury Trial
The Commission stated: "From approximately January 2019 to March 2020, Taronis
Technologies, Inc., n/k/a BBHC, Inc. ("Taronis Tech"), and from approximately
February 2020 to November 2020, Taronis Tech's former subsidiary, Taronis
Fuels, Inc. ("Taronis Fuels"), Arizona-based producers of fuel and water products,
and the former Chief Executive Officer ("CEO") of both companies during the
relevant time periods, Scott David Mahoney ("Mahoney"), engaged in a fraudulent scheme to deceive investors and potential investors about Taronis Tech's and
Taronis Fuels' successes by issuing numerous materially false and misleading
press releases touting agreements and relationships with customers that did not
exist or were exaggerated."
SEC Charges Industrial Gas Companies and Former Executive with Fraud
The Commission announced: "fraud charges against Taronis Technologies, Inc. (now known as BBHC, Inc., 'Taronis Tech') and its former subsidiary, Taronis Fuels, Inc. ('Taronis Fuels'), Arizona-based distributors of industrial gas and water products, and their former chief executive and chief financial officers."
Final Judgment as to Defendant Taronis Technologies, Inc. (n/k/a BBHC, Inc.)
The Court stated: "Plaintiff Securities and Exchange Commission (“Commission”) filed a
Complaint on August 24, 2022 against Defendant Taronis Technologies, Inc.,
(n/k/a BBHC, INC.) (“Defendant”) (DE 1). On August 29, 2022, Defendant was
served with the Summons and Complaint by serving its registered agent VCorp
Services, LLC as set forth in the return of service. (DE 11). Defendant did not
answer or otherwise file a responsive pleading to the Complaint, and the Clerk’s
default was therefore entered against Defendant on September 23, 2022. (DE 18).
On August 2, 2024, this Court granted the Commission’s Renewed Motion and
Memorandum of Law in Support of Default Final Judgment Against Taronis
Technologies (DE 99 and DE 107) upon consideration of the Commission’s Motion and the Report and Recommendation of Amanda A. Sansone, United States
Magistrate Judge (DE 106). Accordingly, upon consideration of the record, Final
Judgment is entered against Defendant"
Other Defendants in Action:
