Herman Cain's sponsored mailing list promotes moneymaking scams and wild conspiracy theories

Meet Herman Cain: Federal Reserve Board of Governors nominee. Former Republican presidential candidate. CEO. And professional grifter?

Cain, whom President Trump recently tapped as a nominee for a spot on the Fed's Board, has reportedly turned his sponsored mailing list — which he has been profiting off since his failed presidential bid in 2012 — into a "haven for scammy emails," promoting worthless penny stocks and dubious "moneymaking strategies," according to Media Matters:

He also apparently uses the list to stoke fear about an upcoming presidential coup predicted by political and economic forecaster Doug Casey, whom Cain seems to believe is a modern day Nostradamus. The coup Casey is predicting will "give rise to a new socialist state," complete with skyrocketing food and medicine prices.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up

Apparently Casey and Cain think the coup is orchestrated by Sens. Bernie Sanders (I-Vt.) and Elizabeth Warren (D-Mass.), Rep. Alexandria Ocasio-Cortez (D-N.Y.), former FBI Direct James Comey, and even former President Barack Obama.