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SEC Sues Officer for Fraudulent Offerings to Navy-Related Victims

Securities and Exchange Commission SEC Office of Investor Education and Advocacy OIEA concerned with explaining aspects of capital markets Main Street investors warning them against risks and fraud schemes. Commission announced formation of Retail Strategy Task Force RSTF.

Retired Navy chief Robert L Murray Jr accused of bilking investors out of thousands

A retired U.S. Navy chief petty officer is accused of targeting current and former members of the military in a fraudulent investment scheme that raked in more than $350,000. Robert L. Murray Jr. also is accused of spending half the funds on gambling and other personal expenses, according to the U.S. Securities and Exchange Commission.

Retired Navy chief Robert L Murray Jr accused of bilking investors out of thousands

A retired U.S. Navy chief petty officer is accused of targeting current and former members of the military in a fraudulent investment scheme that raked in more than $350,000. Robert L. Murray Jr. also is accused of spending half the funds on gambling and other personal expenses, according to the U.S. Securities and Exchange Commission.

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