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SEC accuses America's Prophet of investor fraud | ReutersThe U.S. Securities and Exchange Commission sued [Sean David] Morton, 51, on Thursday on civil fraud charges, accusing him of fraudulently raising more than $6 million from more than 100 investors for Delphi Investment Group in 2006 and 2007.
"In soliciting these individuals, Morton claimed that he would use his psychic expertise to provide investment guidance to his investment team, and falsely touted his historical success in psychically predicting the various rises and falls of the market," the complaint filed in Manhattan federal court said.
It is rumored Morton told the SEC "I knew this would happen."