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S.E.C. Sues Sean Morton, 'America's Prophet,' for Fraud
New York Times ^ | March 5, 2010 | Michael J. de la Merced

Posted on 03/05/2010 6:41:25 AM PST by hennie pennie

He calls himself "America's Prophet," a psychic, trained by Nepalese monks in the art of time travel, who can foretell the future of the stock market.

But to the authorities, Sean David Morton is simply a fraud - and a really, really bad psychic.

In a case that seems ripped from the pages of the satirical newspaper The Onion, the Securities and Exchange Commission sued Mr. Morton for securities fraud on Thursday, claiming he swindled more than $6 million from investors by promising them "piles of money," along with spiritual happiness.

"I have called ALL the highs and lows of the market giving EXACT DATES for rises and crashes over the last 14 years," Mr. Morton claimed at one point, according to the documents filed in connection with the case.

Next to the Ponzi scheme orchestrated by Bernard L. Madoff, the Morton case might seem like little more than a footnote in the annals of financial fraud. But the story is so unlike the usual Wall Street fare - it touches on late-night talk radio, a company called Magic Eight Ball and the Dalai Lama - that even in this post-Madoff world it all seems a bit hard to fathom.

By his own reckoning, Mr. Morton is a modern-day Nostradamus. According to his Web site, delphiassociates.org, the Dalai Lama sent him to a monastery in Nepal, where a fusion of Eastern spirituality and Western psychic techniques helped him develop the "spiritual remote viewing" system......

(Excerpt) Read more at mobile.nytimes.com ...


TOPICS: Business/Economy; Crime/Corruption; Extended News; News/Current Events
KEYWORDS: americasprophet; artbell; c2cam; coasttocoastam; falseprophet; fraud; georgenoory; ianpunnet; newage; newagemoneyman; newageprophet; predictions; prophecies; psychic; seanmorton; sec

1 posted on 03/05/2010 6:41:26 AM PST by hennie pennie
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To: FromLori; nw_arizona_granny; muawiyah; SunkenCiv

LOL


2 posted on 03/05/2010 6:43:09 AM PST by hennie pennie
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To: hennie pennie

Your link goes to a story about cancer treatment.


3 posted on 03/05/2010 6:49:47 AM PST by La Lydia
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To: hennie pennie

He’s probably as accurate as most “experts”.


4 posted on 03/05/2010 6:51:27 AM PST by Graybeard58 ("0bama's not just stupid; He’s Jimmy Carter stupid”. - Don Imus)
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To: hennie pennie
I wonder if Morton predicted this was going to happen?
5 posted on 03/05/2010 6:58:10 AM PST by SoCal Pubbie
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To: hennie pennie

Who are the morons that fall for this kind of stuff, anyway?


6 posted on 03/05/2010 7:00:20 AM PST by reagan_fanatic (Our politicians are stupid and our policies unsustainable)
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To: reagan_fanatic
"Who are the morons that fall for this kind of stuff, anyway?"

They are depicted in blue...


7 posted on 03/05/2010 7:04:09 AM PST by Joe 6-pack (Que me amat, amet et canem meum)
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To: All

earlier thread (bad-link workaround)

http://www.freerepublic.com/focus/f-news/2464322/posts


8 posted on 03/05/2010 9:29:52 AM PST by jiggyboy (Ten per cent of poll respondents are either lying or insane)
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To: hennie pennie; Perdogg; AdmSmith; Berosus; bigheadfred; Convert from ECUSA; dervish; ...
Obviously, everyone should have taken Morton's predictions with a grain of salt.
...a psychic, trained by Nepalese monks in the art of time travel, who can foretell the future of the stock market... swindled more than $6 million from investors by promising them "piles of money," along with spiritual happiness... According to his Web site, delphiassociates.org, the Dalai Lama sent him to a monastery in Nepal, where a fusion of Eastern spirituality and Western psychic techniques helped him develop the "spiritual remote viewing" system...

9 posted on 03/05/2010 8:42:27 PM PST by SunkenCiv (Freedom is Priceless.)
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