P.T. Barnum was right...

"There's a sucker born every minute."
(Nevermind that Barnum probably didn't say it!)
Of the several articles reporting this story, this one has the best headline:

For self-styled psychic, SEC fraud suit came as a surprise
By Michael J. de la Merced
New York Times
Posted: 03/06/2010
He calls himself "America's Prophet," a psychic, trained by Nepalese monks in the art of time travel, who can foretell the future of the stock market.

But to the authorities, Sean David Morton is simply a fraud — and a really, really bad psychic.

In a case that seems ripped from the pages of the satirical newspaper The Onion, the Securities and Exchange Commission sued Morton for securities fraud on Thursday, claiming he swindled more than $6 million from investors by promising them "piles of money," along with spiritual happiness.

Note: I occasionally call attention to my psychic powers, and occasionally make economic/financial predictions... BUT: I don't charge for my services, and would encourage my readers to NEVER SEND ME $$$ to invest for them!!!

Me? - Before sending the psychic stock advisor any money, I'd ask myself, "If this guy can call the markets, why doesn't he just make himself fabulously wealthy without my money?"