Sean David Morton, Melissa Ann Morton Ordered to Appear for Hearing in Alleged Securities Fraud Case
Sean David Morton (left) and Melissa Ann Morton are accused of defrauding investors out of nearly $6,000,000 in what has been called a psychic scheme.
The wheels of justice turn slowly, but they do grind fine and this is what many investors who were allegedly hustled by self proclaimed psychic Sean David Morton are hoping for.
On December 20th, 2012, United States District Judge Katherine B. Forrest ordered both Sean David Morton and his wife, Melissa Ann Morton, to stand ready for what appears to be a possible trial. Someone named John Woodie who is listed as an agent of the Mortons is also commanded to appear. The mandatory appearance is set to take place on February 11, 2013 at 1PM.
The order, which can be read right here (PDF), clearly states that if The Mortons do not appear that a summary judgement will be entered against them and the Securities & Exchange Commission will likely be granted several items they've asked for, including that The Morton disgorge all of their ill-gotten gains from the alleged scam.
Through his newsletter, radio interviews, and workshops, Sean David Morton boasted of using his alleged psychic abilities to predict the stock market and make millions. After forming an investment portfolio of nearly $6,000,000.00, the SEC began investigating what they allege were staggering losses of funds, misappropriation of funds, falsified investment data, and the failing of Sean David Morton to ever accurately predict the stock market as he claimed.
The case has dragged on since March 2010 after The Mortons filed a barrage of rambling and disjointed legal filings claiming that they were sovereign citizens of the "California Bear Flag Republic" and therefor not subject to the federal court.
In addition the the charges of fraud, The Mortons have also been accused of judicial abuse, failing to appear at depositions, and dodging being served legal papers.
The SEC's original press release can be found here along with a copy of the complaint filed against The Mortons and other parties.