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Retired Navy chief charged over fraudulent scheme targeting sailors, vets

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The U.S. Securities and Exchange Commission has charged a retired Navy chief with fraud over allegations that he took nearly $355,000 in investment funds from dozens of sailors, reservists and veterans who were part of a chief Facebook group and spent nearly half the money on gambling and personal expenses, the agency announced Thursday.

Robert L. Murray Jr., 42, stood up Deep Dive Strategies LLC, or DDS, in September 2020, collecting and misspending funds as part of an alleged crime that lasted until January, according to the criminal complaint.

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