Defendant Name: Taronis Fuels, Inc.

Defendant Type: Subsidiary of Public Company
Public Company Parent: Taronis Technologies, Inc.
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

Exchange Act
• Sec 10(b) + Rule 10b-5
• Rule 12b-20
• Sec 13(a)
• Rule 13a-11
• Rule 13a-13
• Sec 13(b)(2)(A)
• Sec 13(b)(2)(B)
Securities Act
• Sec 17(a)(1)
• Sec 17(a)(2)
• Sec 17(a)(3)
• Sec 17(a) (Not specified)
Other
• Rule 12b-25 Exchange Act
Additionally, Scott David Mahoney is alleged to have controlled Taronis Fuels, Inc.'s violation of Sec 10(b) + Rule 10b-5 of the Exchange Act.
Tyler Burnett Wilson is alleged to have controlled Taronis Fuels, 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 Fuels, Inc.'s violation of Rule 12b-20 of the Exchange Act.
Scott David Mahoney is alleged to have controlled Taronis Fuels, Inc.'s violation of Rule 12b-20 of the Exchange Act.
Tyler Burnett Wilson is alleged to have aided and abetted Taronis Fuels, Inc.'s violation of Rule 12b-20 of the Exchange Act.
Tyler Burnett Wilson is alleged to have controlled Taronis Fuels, Inc.'s violation of Rule 12b-20 of the Exchange Act.
Scott David Mahoney is alleged to have aided and abetted Taronis Fuels, Inc.'s violation of Sec 13(a) of the Exchange Act.
Scott David Mahoney is alleged to have controlled Taronis Fuels, Inc.'s violation of Sec 13(a) of the Exchange Act.
Tyler Burnett Wilson is alleged to have aided and abetted Taronis Fuels, Inc.'s violation of Sec 13(a) of the Exchange Act.
Tyler Burnett Wilson is alleged to have controlled Taronis Fuels, Inc.'s violation of Sec 13(a) of the Exchange Act.
Scott David Mahoney is alleged to have aided and abetted Taronis Fuels, Inc.'s violation of Rule 13a-13 of the Exchange Act.
Scott David Mahoney is alleged to have controlled Taronis Fuels, Inc.'s violation of Rule 13a-13 of the Exchange Act.
Tyler Burnett Wilson is alleged to have aided and abetted Taronis Fuels, Inc.'s violation of Rule 13a-13 of the Exchange Act.
Tyler Burnett Wilson is alleged to have controlled Taronis Fuels, Inc.'s violation of Rule 13a-13 of the Exchange Act.
Scott David Mahoney is alleged to have aided and abetted Taronis Fuels, Inc.'s violation of Sec 13(b)(2)(A) of the Exchange Act.
Scott David Mahoney is alleged to have controlled Taronis Fuels, Inc.'s violation of Sec 13(b)(2)(A) of the Exchange Act.
Tyler Burnett Wilson is alleged to have aided and abetted Taronis Fuels, Inc.'s violation of Sec 13(b)(2)(A) of the Exchange Act.
Tyler Burnett Wilson is alleged to have controlled Taronis Fuels, Inc.'s violation of Sec 13(b)(2)(A) of the Exchange Act.
Scott David Mahoney is alleged to have aided and abetted Taronis Fuels, Inc.'s violation of Sec 13(b)(2)(B) of the Exchange Act.
Scott David Mahoney is alleged to have controlled Taronis Fuels, Inc.'s violation of Sec 13(b)(2)(B) of the Exchange Act.
Tyler Burnett Wilson is alleged to have aided and abetted Taronis Fuels, Inc.'s violation of Sec 13(b)(2)(B) of the Exchange Act.
Tyler Burnett Wilson is alleged to have controlled Taronis Fuels, Inc.'s violation of Sec 13(b)(2)(B) of the Exchange Act.

Resolutions

First Resolution Date 25-Aug-2022
Headline Total Penalty and Disgorgement $5,107,901

Related Documents:

comp25484 24-Aug-2022 Complaint
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."
LR-25484 25-Aug-2022 Litigation Release
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."
court_doc32_22-cv-01939 02-Nov-2022 Court Docket Document
Final Judgement as to Defendant Taronis Fuels, Inc.
On November 2, 2022, the Court issued a final judgment against Defendant Taronis Fuels, Inc., stating: "Defendant Taronis Fuels, Inc. (“Defendant”) having entered a general appearance; consented to the Court’s jurisdiction over Defendant and the subject matter of this action; consented to entry of this Final Judgment without admitting or denying the allegations of the Complaint (except as to jurisdiction); waived findings of fact and conclusions of law; and waived any right to appeal from this Final Judgment."

Other Defendants in Action:

Taronis Technologies, Inc.
Scott David Mahoney
Tyler Burnett Wilson

Related Actions:

In the Matter of Scott David Mahoney
Scott David Mahoney
In the Matter of Tyler Burnett Wilson, Esq.
Tyler Burnett Wilson