By Susan Brinkmann, OCDS Staff Journalist
A man who claimed to use his psychic abilities to predict the stock market and guide investors was charged with securities fraud yesterday by the Securities and Exchange Commission (SEC). Check out this review of a leading stock picking service https://daytradereview.com/motley-fool-review-stock-advisor/.
According to ABC News, Sean David Morton, who calls himself “America’s Prophet” and a “modern-day Nostradamus” was charged with scamming more than 100 investors out of $6 million after promising them "piles of money" and spiritual happiness.
"Morton's self-proclaimed psychic powers were nothing more than a scam to attract investors and steal their money,” said George Canellos, director of the SEC’s New York Regional Office.
On his website, Morton refers to himself as a “natural psychic, trained Remote Viewer, intuitive consultant” who puts his talents and abilities to use by predicting future occurrences and trends such as “earth changes, political events and stock market fluctuations.” He claims to have an astounding “hit rate”, or percentage of successes and says his “extreme accuracy” is what led radio host Art Bell to call him “America's Prophet! A modern day Nostradamus with more hits than Barry Bonds and the Russian Mafia!”
Among his greatest “hits” are claims to have predicted the 1994 Northridge earthquake, President Clinton’s impeachment, and the election of George Bush.
In addition, he claims to “have called all the highs and lows of the market, giving exact dates for rises and crashes over the last 14 years," in a recent newsletter to potential investors.
Morton’s career as a psychic stock market guru appears to have begun in 1985 when he embarked on a world-wide “spiritual quest” that led him to India and the Tibetan Library of Works and Archives. After a “life-changing personal audience” with the Dalai Lama, he was accepted as a novitiate at the Black Hat monastery in Nepal “on the basis of a past life connection” to the monastery. It was here that he learned meditation, healing techniques, astral projection, time travel and the ability to view events in the past and future. He claims to have combined these Tibetan techniques with the western technology of “Remote Viewing” to come up with his “Spiritual Remote Viewing System” that he uses to bring about “life altering” results in his students.
(Remote viewing is the alleged ability to gather information about a distant or hidden object through the use of paranormal powers such as extra-sensory perception.)
Apparently, at some point in 2006, Morton began to solicit investors by promising to use his psychic powers to guide their investments. He raked in $6 million, investing about half of the funds with foreign currency trading firms and diverting $240,000 into his non-profit religious organization known as the Prophecy Research Institute.
Morton, his wife Melissa, and three corporate entities that they own under the umbrella of the Delphi Associates Investment Group are the subject of the SEC charges.
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