Michael Marks, of the Psychic Fraud Family, Pleads Guilty

34-year-old Michael Marks plead guilty to a single criminal charge earlier this week. Michael is part of the infamous Marks’ family of fortune-tellers who are all charged with running a multimillion-dollar scam.

Michael and eight other family members from Broward County were all under investigation for several fraud claims from their customers. He had a lone charge separate from his family members on which he pleaded guilty and reached a plea agreement.

He confessed that he did have a role in a mail and wire fraud conspiracy. That incident went back as far as the early 2000s in Broward and Palm Beach counties. Rose Marks is the mother of the Marks family of fortune-tellers accused.

She is the one that began this intricate scheme. In August of 2011, nine family members were arrested due to allegedly swindling about $40 million from their customers. $20 million of that came from Jude Deveraux, a very successful and well-known author. The Marks family scammed and stole from her with no remorse. 

The Marks’ defense attorneys are strongly contesting the charges. They have even accused the investigators in the case of misconduct.

The prosecutors informed the judge early this week of deciding to take the case back to a federal grand jury. They hope to alter the allegations and charges. This request will be the third time for charges to be modified since prosecutors filed the case.

Michael and his wife Cynthia used to operate a psychic business on Sunrise Boulevard in Manhattan called Astrology Life Inc. He was its president, and his wife worked with him.

Part of the Marks family of scammers

Michael Couldn’t Fight The Accusations

On Wednesday, Michael pleaded guilty to the charge of conspiracy in federal court. He confessed to having received cash and gold coins scammed by the rest of his family from their customers. He even received gold coins valued at $107,000 from a single unsuspecting victim in 2010.

They fooled the customers into thinking they were receiving genuine psychic and tarot card readings, according to court records. The females in the family would tell the customers that they had curses on them.

They told them that they could remove the curses in exchange for valuables. The Marks received cash, jewelry, and anything else of value from them to perform rituals and cleansing. They promised their victims to return their money and valuables when they removed the curse.

Of course, the victims never received anything back. According to prosecutors, sometimes the Marks family would have the customers send money and payment to a third party so that the actual receivers of the funds would remain hidden.

Marks’ lead defense attorney, Fred Schwartz, revealed that the court granted Marks’ plea agreement request because he and Cynthia have young children.

“He wanted to be sure that in the unlikely event that this wife is found guilty and goes to prison, he can be there for his children,” said Schwartz. “Even though I believe he’s innocent, he needed to protect himself and his family. You never know what a jury is going to do.”

In January, the remaining Marks family members will begin their court trials. Read the update here. According to Schwartz, Michael Marks has not made any mention of testifying against his family members. His sentencing is set for February. There is a possibility that he will face up to six months in prison.

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Angela Moore founded Psychic Review Online in 2008 after being scammed out of her life savings by a psychic con artist. Since then she has devoted her time to rooting out the frauds and helping people find a real psychic reader.

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