For Psychic, Suit Came as Surprise
You know there’s a problem when your money manager:
- Claims to be today’s Nostradamus;
- Names his company, Magic Eight Ball Distributing;
- Runs a website with wellness products like “Holy Tea.”
According to the SEC and The New York Times, “America’s Prophet” may be “America’s Fraud.” You can find a copy of the lawsuit against Sean Morton by clicking his name. He’s the Svengali in question. What I don’t get is how a money manager can raise $6 million from 100 investors with nothing but a smile and a cloudy crystal ball.