Note to investors: If someone claims to be a prophet and promises to win you money by predicting changes in the stock market, don’t walk away. Run.
But unfortunately over 100 investors did not run away when Sean David Morton — who dubbed himself “America’s Prophet” — asked for their money. In all, investors gave Morton more than $6 million in the hopes that he would use his alleged psychic abilities to win big money in the market.
Just last week Morton was charged with investor fraud by the Securities and Exchange Commission. He has not responded to the complaint yet. E-mails and calls to his company’s office were not returned.
“Sean David Morton lured scores of investors with his lies and then stole their hard-earned money,” Sanjay Wadhwa, assistant director of the SEC’s New York Regional Office, told ABC News. “Our enforcement action ensures that his money manager days are over.”
No related posts.
[...] PI Newswire :: News :: Investment 'Psychic' Accused of Financial Fraud [...]