Thursday, March 04, 2010

SEC says 'psychic' scammed investors: Sean David Morton

The New York Post reports:
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.