If you can't trust a self-proclaimed psychic who claims to have "called ALL the highs and lows of the market, giving EXACT DATES for rises and crashes over the last 14 years,” then who can you trust???
The SEC
filed a lawsuit today charging Sean David Morton, "a nationally-recognized psychic who bills himself as 'America’s Prophet,'" and three corporate entities that Morton co-owns, for engaging in a multi-million dollar offering fraud. The SEC alleges that Morton solicited investments by claiming that he would use his psychic expertise to provide investment guidance to his investing team.
The non-believers at the SEC allege that Morton lied to investors about, among other things, his past successes in "calling the markets highs and lows" and that the profits in the accounts were audited and certified. Morton allegedly raised more than $6 million from more than 100 investors.
"America's Prophet" (pun intended?) is said to have used his monthly newsletter, his website, his appearances on a nationally syndicated radio show called Coast to Coast AM, and appearances at public events, to promote his psychic abilities.