For Psychic, SEC Suit Came as Surprise

  • #1
Math Is Hard
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Main Question or Discussion Point

I used to hear this guy on Coast to Coast in the middle of the night.

http://www.nytimes.com/2010/03/05/business/05psychic.html

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.
Mr. Morton’s reach was broad. He solicited investors through a newsletter with 20,000 subscribers, run through his Delphi Investment Group; his Web site; and his frequent appearances on radio shows like “Coast to Coast,” a late-night syndicated program focused on the paranormal. He and his wife, Melissa, created three unregistered vehicles for their investors. One was called Magic Eight Ball Distribution.
Magic Eight Ball? Now I see how people were fooled. The name inspires such confidence.
 

Answers and Replies

  • #2
lisab
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:rofl:...nice! Signs Point to...an Indictment

Ah, Coast to Coast...I used to listen to that as a guilty pleasure :redface:. I don't think it's on any more in my area.
 
  • #3
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The SEC's idiocy is now on par with the FDA.
 

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