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.

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

Join more than 350,000 subscribers and keep yourself informed with a selection of The Week’s most interesting, enlightening and entertaining stories - plus daily puzzles.

Join more than 350,000 subscribers and keep yourself informed with a selection of The Week’s most interesting, enlightening and entertaining stories - plus daily puzzles.

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.