FINAL JUDGEMENT ISSUED IN MORTON FRAUD CASE
Two year case comes to a close as Morton is ordered to pay millions in 'psychic scheme'
Sean David Morton (pictured above) was accused by the SEC of defrauding
millions from investors
How many psychic readings would $11,535,382.18 buy? Apparently not enough for self proclaimed psychic Sean David Morton to see that would be the amount he is now liable for paying from his involvement in what the SEC called a 'psychic scheme' that Morton used to swindle investors out of millions of dollars.
Judge Katherine B. Forrest today issued a final order of judgement against Morton and other defendants, including his wife Melissa Ann Morton, commanding "disgorgement of all investor funds unlawfully diverted" by The Mortons for their personal use. You can read the order against Sean David Morton here.
In addition to Sean David Morton being ordered to pay nearly $12mil, co-defendant Melissa Ann Morton was ordered to pay $574,128.23. You can read the order against Melissa Ann Morton here.
The lawsuit filed by the SEC accused The Mortons of falsifying investor data, illegally diverting funds, and centered around Sean David Morton's false claims of being able to use psychic powers to predict the stock market. The SEC contends that Morton's predictions were inaccurate and that Morton also lied about investment accounts being audited and certified. In all, $6mil of investor money was lost with only half of that sum actually being invested.
Today's final judgement order brings an end to nearly two years of litigation that saw The Morton's attempting to bog down the courts with a plethora of inane legal briefings rambling about The Morton's being immune from U.S. jurisdiction even though they reside in the state of California. The Morton's appeared desperate during the filings going so far as claiming to be ambassadors from something referred to as the Republic of New Lemuria. The Mortons even provided the court copies of what they alleged were official New Lemuria credentials and claimed they had diplomatic immunity.