SEC Press press_release 65 KB 2,197 chars

Robert L. Murray, Jr.

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summary

Former U.S. Navy chief petty officer Robert L. Murray, Jr. defrauded 44 Navy veterans and active-duty service members by raising $355,000 through unregistered securities in his fake investment fund, Deep Dive Strategies, LLC, misappropriating $150,000 for personal gambling and expenses, and was permanently enjoined from securities violations with $112,271.71 in disgorgement satisfied by a criminal restitution order.

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Robert L. Murray, Jr., a former U.S. Navy chief petty officer, raised nearly $355,000 from 44 investors via unregistered securities in his private fund, Deep Dive Strategies, LLC, targeting U.S. Navy veterans and active-duty members through a Facebook group. He falsely claimed the fund would invest in publicly traded securities, but instead misappropriated approximately 42%—about $150,000—of investor funds for personal use, including gambling. The SEC obtained a final judgment permanently enjoining him from violating federal securities laws and ordering $112,271.71 in disgorgement, which was satisfied by a parallel criminal restitution order in United States v. Murray.

narrative

Former U.S. Navy chief petty officer Robert L. Murray, Jr. orchestrated a fraudulent investment scheme from September 2020 to January 2022, targeting U.S. Navy veterans, active-duty service members, and reservists through a Facebook group. Operating as an unregistered investment adviser, he raised approximately $355,000 from 44 investors across 14 states by selling unregistered membership interests in his private fund, Deep Dive Strategies, LLC, falsely claiming the capital would be invested in publicly traded securities. In reality, Murray misappropriated nearly 42% of the funds—roughly $150,000—for personal expenses, including gambling, in direct violation of federal securities laws. On May 4, 2026, the U.S. District Court for the Northern District of Illinois entered a final consent judgment permanently enjoining Murray from violating Sections 5(a), 5(c), and 17(a) of the Securities Act of 1933, Section 10(b) and Rule 10b-5 of the Securities Exchange Act of 1934, and Sections 206(1), 206(2), and 206(4) of the Investment Advisers Act of 1940. The judgment ordered him to pay $112,271.71 in disgorgement, which was deemed satisfied by a parallel criminal restitution order in United States v. Murray, No. 22-cr-643. The SEC’s Chicago Regional Office, led by investigators Matthew T. Wissa and Jeffrey A. Shank, conducted the investigation, with litigation handled by Eric M. Phillips. Murray’s actions exploited the trust of military personnel, highlighting the vulnerability of veteran communities to financial fraud.

Enriched metadata

Scheme
investment-adviser-fraud (100%)
Court
Northern District of Illinois
Disgorgement
$112,272
Victims
44
Classified investment-adviser-fraud(confidence 100%). EDGAR detection: forms ADV/ADV-E/ADV-W/Form D· recall 33% / precision 13%. detection rule →
Statutes
Sections 5(a), 5(c), and 17(a) of the Securities ActSections 5(a), 5(c), and 17(a) of the Securities ActSections 5(a), 5(c), and 17(a) of the Securities ActSection 10(b) of the Securities Exchange ActSections 206(1), 206(2), and 206(4) of the Investment Advisers ActSections 206(1), 206(2), and 206(4) of the Investment Advisers ActSections 206(1), 206(2), and 206(4) of the Investment Advisers ActRule 10b-5
Parties
Securities and Exchange CommissionRobert L. MurrayJr.
Keywords
murrayrobert murraysecuritiessecurities exchangeactive dutysecinvestmentrobertnavyduty serviceagainst murraydeep divedive strategiesnearly investorsinvestors

Exhibits & Attached Documents (1)

Extracted insights

Dollar amounts 2
  • $355K $355,000 $100K–$1M
  • $112K $112,271 $100K–$1M
Entities 7
  • company deep dive strategies, llc
  • person eric m. phillips
  • person final judgment
  • person matthew t. wissa
  • agency sec investigation
  • agency Securities and Exchange Commission
  • court united states district court for the northern district of illinois
Triples 12
  • Robert L. Murray, Jr. engaged in fraudulent investment scheme targeting U.S. Navy veterans and active duty service members
  • Robert L. Murray, Jr. solicited investors through Facebook group for U.S. Navy active duty, reservists, and veterans
  • Robert L. Murray, Jr. raised $355,000 from approximately 44 investors in 14 states
  • Robert L. Murray, Jr. controlled Deep Dive Strategies, LLC
  • Robert L. Murray, Jr. misappropriated nearly 42% of investors' funds for personal expenses including gambling
  • SEC obtained final consent judgment against Robert L. Murray, Jr.
  • United States District Court for the Northern District of Illinois entered final judgment against Robert L. Murray, Jr. on May 4, 2026
  • Final judgment permanently enjoins Robert L. Murray, Jr. from violating Securities Act Sections 5(a), 5(c), 17(a) and other provisions
  • Robert L. Murray, Jr. ordered to pay disgorgement of $112,271.71
  • Matthew T. Wissa conducted SEC investigation
  • Jeffrey A. Shank supervised SEC investigation
  • Eric M. Phillips led litigation
PDF (from attached: complaint)
of investor funds by Defendant Robert F. Murray (“Murray”), a former U.S. Navy Chief who · Source
Text layers
Extracted body text (2,197c) 
U.S. SECURITIES AND EXCHANGE COMMISSIONLitigation Release No. 26550 / May 5, 2026Securities and Exchange Commission v. Robert L. Murray, Jr., No. 22-cv-6684 (N.D. Ill. filed July 27, 2022)SEC Obtains Final Consent Judgment in Alleged Investment Fraud Scheme that Targeted U.S. Navy Veterans and Active Duty Service MembersOn May 4, 2026, the United States District Court for the Northern District of Illinois entered a final judgment as to Robert L. Murray, Jr., a former U.S. Navy chief petty officer, in connection with the SEC’s enforcement action against Murray for allegedly engaging in a fraudulent investment scheme that used Facebook to target U.S. Navy active duty service members, veterans, and reservists.According to the SEC’s complaint, from September 2020 through January 2022, Murray, formerly of North Canton, Ohio and Chicago, solicited prospective investors in a Facebook group for active duty, reservists, and veterans of the U.S. Navy. As further alleged, Murray, who acted as an unregistered investment adviser to a private pooled investment fund he controlled, Deep Dive Strategies, LLC, raised nearly $355,000 from approximately 44 investors in 14 states through the offer and sale of unregistered securities in the form of Deep Dive Strategies membership interests. According to the complaint, while Murray told investors that the fund would invest in publicly traded securities, in reality, Murray misappropriated nearly 42% of investors’ funds for his personal expenses, including for gambling.The final judgment permanently enjoins Murray from violating Sections 5(a), 5(c), and 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and Sections 206(1), 206(2), and 206(4) of the Investment Advisers Act of 1940, and orders him to pay disgorgement in the amount of $112,271.71, which shall be deemed satisfied by the order of restitution entered against him in United States v. Murray, No. 22-cr-643 (N.D. Ill.), a parallel criminal matter.The SEC’s investigation was conducted by Matthew T. Wissa and supervised by Jeffrey A. Shank of the SEC’s Chicago Regional Office. Eric M. Phillips led the litigation.
OCR text (2,197c · plain-text · 99% conf) 
U.S. SECURITIES AND EXCHANGE COMMISSIONLitigation Release No. 26550 / May 5, 2026Securities and Exchange Commission v. Robert L. Murray, Jr., No. 22-cv-6684 (N.D. Ill. filed July 27, 2022)SEC Obtains Final Consent Judgment in Alleged Investment Fraud Scheme that Targeted U.S. Navy Veterans and Active Duty Service MembersOn May 4, 2026, the United States District Court for the Northern District of Illinois entered a final judgment as to Robert L. Murray, Jr., a former U.S. Navy chief petty officer, in connection with the SEC’s enforcement action against Murray for allegedly engaging in a fraudulent investment scheme that used Facebook to target U.S. Navy active duty service members, veterans, and reservists.According to the SEC’s complaint, from September 2020 through January 2022, Murray, formerly of North Canton, Ohio and Chicago, solicited prospective investors in a Facebook group for active duty, reservists, and veterans of the U.S. Navy. As further alleged, Murray, who acted as an unregistered investment adviser to a private pooled investment fund he controlled, Deep Dive Strategies, LLC, raised nearly $355,000 from approximately 44 investors in 14 states through the offer and sale of unregistered securities in the form of Deep Dive Strategies membership interests. According to the complaint, while Murray told investors that the fund would invest in publicly traded securities, in reality, Murray misappropriated nearly 42% of investors’ funds for his personal expenses, including for gambling.The final judgment permanently enjoins Murray from violating Sections 5(a), 5(c), and 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and Sections 206(1), 206(2), and 206(4) of the Investment Advisers Act of 1940, and orders him to pay disgorgement in the amount of $112,271.71, which shall be deemed satisfied by the order of restitution entered against him in United States v. Murray, No. 22-cr-643 (N.D. Ill.), a parallel criminal matter.The SEC’s investigation was conducted by Matthew T. Wissa and supervised by Jeffrey A. Shank of the SEC’s Chicago Regional Office. Eric M. Phillips led the litigation.

Related documents (1)