Saturday, March 6, 2010

Psychics beware: The SEC has your number!

A recent NY Times article gives some details of a lawsuit by the SEC against a psychic who claimed he could predict the stock market by looking into the future. The suit says that Sean David Morton took more than $6 million from investors with promises of “piles of money,” and spiritual happiness. The article says Morton "calls himself 'America’s Prophet' and says he was "trained by Nepalese monks in the art of time travel."

Morton is quoted as saying:
“I have called ALL the highs and lows of the market giving EXACT DATES for rises and crashes over the last 14 years,”
I wonder if Morton knew this lawsuit was coming?!

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