Bad Prediction: Psychic Charged With Fraud in Financial Investments

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:

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