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."

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"