SEC says ‘psychic’ scammed investors
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.