Sean David Morton apparently did not see this one coming. The self-proclaimed psychic who called himself “America’s Prophet” claims to be able to predict future changes in the stock market. There are of course always skeptics. In this case, the sober people at the Securities and Exchange Commission. Morton is now charged with fraud.
In 2006, Morton started to offer his psychic services to investors. In a newsletter, he promised “I have called all the highs and lows of the market, giving exact dates for rises and crashes over the last 14 years.” It appears that he did not make enough money on his own psychic-inspired investments but had to offer to predict stock changes for others.
Now here is the amazing part. Morton raised more than $6 million from over 100 investors in 2006 and 2007, but allegedly invested only about half. Morton put at least $240,000 into his and his wife’s non-profit religious organization, Prophecy Research Institute.
Morton appears on “Coast to Coast AM,” has an audience of nearly 3 million listeners and he publishes a monthly newsletter called The Delphi Associates Newsletter for about 20,000 subscribers.
This has not been a good period for America’s new age gurus, here and here.
His site proclaims that he is a “trained Remote Viewer” and states that he lives with “his wife Melissa, and their Championship Norwegian Forest cats.”
Here is his view of the financial markets:
Here he is speaking about aliens:
For the full story, click here.
12 thoughts on “Bad Prediction: Psychic Charged With Fraud in Financial Investments”
So how did this all end?
May 24, 2010: Alert! Do not begin to take long positions in the stock market at this time. We have not hit the floor yet, and the dow will hit 8500 to 8000 at least, and has still further to fall in the coming weeks. Do not buy at least until DOW faces a 20% correction in this soverign debt crisis in this major correction.
hahahahahaha there are aliens too? CRAP I missed that part: http://www.jrdeputyaccountant.com/2010/03/behind-secs-big-bad-psychic-bust.html
What scares me is that the SEC thinks it needs to protect us from obvious nutjobs like this. The CAT! You’ve got to be kidding me…
Holy Cow! Holy Sean is a’sellin’ Dr. Miller’s Holy Tea over tae hisn’ sighkick website–best goes thar directly as ya know them supplies is limited.
Holy stocks, Holy water, ‘n now Holy Tea…whut next, Holy incarceration?!
“Now here is the amazing part. Morton raised more than $6 million from over 100 investors in 2006 and 2007, but allegedly invested only about half. Morton put at least $240,000 into his and his wife’s non-profit religious organization, Prophecy Research Institute.”
Could we have the names of these 100 investors … please!
Here kitty, kitty….
Thanks for the link, Buddha.
They really are glorious creatures. I could only get through the first paragraph of the description, however:
Bright emerald green eyes with a band of gold. Long flowing hair. Sweet-expressioned faces. Jaunty ear and toe trimmings. Each time you see a Norwegian Forest Cat is a feast for the eyes. Each time you touch their spun-silk soft coats is a delight to the fingertips.
I know. I had to look them up too.
It’s nice to see that the SEC has decided to do something other look at porn on their computers and wait around for the next Bernie Madoff.
PS. Championship Norwegian Forest cats?
I always wonder why so-called psychics do not go to Vegas and make a killing or play the stock market and use their “gift” to make them fortunes. Of course, since he is a psychic, he knew that the Feds were coming after him.
One of my critters may be a Championship Norwegian Forest cat.
I hope that doesn’t make me psychic.
All he had to do was consult with EmpireCookie and Byron to get the correct number. One even gave a disclaimer. Damn em.
With the story I am upset that they did not donate to the charity of my choice. ME……
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