Financial scams refer to deceptive schemes that aim to defraud individuals or organizations out of their money or financial assets. These scams can take various forms, including phishing emails, fraudulent investment opportunities, Ponzi schemes, advance-fee fraud, and lottery scams, among others. They typically exploit individuals’ trust or lack of financial knowledge, often using persuasive language or official-looking documents to appear credible. The primary objective of financial scams is to manipulate victims into providing personal information, making unauthorized payments, or investing in non-existent opportunities. Victims of financial scams can suffer significant financial losses and emotional distress, highlighting the importance of vigilance and due diligence when engaging in financial transactions. Awareness and education about common types of scams and their red flags are essential in preventing victimization.
### Herald Investment Trust Urges Shareholders to Stand Firm In a recent announcement, Herald Investment Trust (HRI) has strongly advised its shareholders to **reject all of Saba Capital's proposed resolutions**…