SEC v. Robert L. Murray, Jr. — U.S. Securities and Exchange Commission Litigation Release No. 26550, dated May 5, 2026.
The SEC charged Robert L. Murray, Jr., a former U.S. Navy chief petty officer, for an investment fraud scheme that targeted Navy service members and veterans. Murray allegedly raised nearly $355,000 from about 44 investors by promising to invest their money in a private fund called Deep Dive Strategies, LLC. Instead, he misappropriated almost 42% of the funds for personal expenses, including gambling.
Imagine someone promising to be your personal money manager, saying they'll invest your savings to make more money. But instead of investing it, they take a big chunk of it for themselves, like for gambling or buying things. That's what happened here: a former Navy member promised to invest money for other Navy members and veterans, but he spent a lot of it himself.
Disclaimer: all facts are drawn from the SEC's own filings; the claims described are allegations unless and until a court rules or the parties settle, and some cases end in dismissal.
On May 4, 2026, the United States District Court for the Northern District of Illinois entered a final judgment as to Robert L. Murray, Jr. The final judgment permanently enjoins Murray from violating securities laws and orders him to pay disgorgement of $112,271.71, which is deemed satisfied by the order of restitution entered in a parallel criminal matter.
Named in this action: Robert L. Murray, Jr..