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SEC says ‘psychic’ scammed investors

Posted in News by Skepdude on March 10, 2010

READ THE FULL ARTICLE AT THE NYPOST

Too bad he couldn’t foresee getting caught.

Federal regulators filed suit today against a self-proclaimed psychic who allegedly scammed $6 million by conning suckers into believing that his extrasensory abilities would make them “piles of money” by trading foreign currencies.

Sean David Morton — who bills himself as “America’s Prophet” — “falsely touted his historical success in psychically predicting the various rises and falls of the market,” according to the Securities and Exchange Commission.

The California-based huckster — whose Web site shows him posing with celebs including Sting, Robin Williams and the late Farrah Fawcett — solicited investors on late-night radio shows and at the 2006 “New Life Expo” in New York City, the Manhattan federal court filing says.

READ THE FULL ARTICLE AT THE NYPOST

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