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Swissindo
Swissindo (formally the Swissindo World Trust International Orbit, also known as UN Swissindo or NEO the United Kingdom of God Sky Earth) is a debt relief scheme widely classified as a cult and a scam. It is led by a man named Sino Soegihartonotonegoro and describes itself as a financial organization working towards "eliminating the debt of everyone on Earth". The group is headquartered in West Java, Indonesia, and has members across the United States, Australia, Africa, Asia and Europe. Due to its financial practices, the Cirebon office of the Financial Services Authority (Indonesia), Financial Services Authority has conducted an investigation into Swissindo. The organisation targets poor and marginalised communities. Swissindo's practices have been compared to those of Sovereign citizen movement, sovereign citizens and the redemption movement. Using a concept first promulgated in ''Meads v. Meads'', legal practitioner Donald Netolitzky argues in the ''Alberta Law Review'' that S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Redemption Theory
The redemption movement is a pseudolaw movement, mainly active in the United States and Canada, that promotes fraudulent debt and tax payment schemes. The movement is also called redemptionism. Redemption promoters allege that a secret fund is created for every citizen at birth and that a procedure exists to "redeem" or reclaim this fund to pay bills. Common redemption schemes include acceptance for value (A4V), Treasury Direct Accounts (TDA) and secured party creditor "kits," collections of pseudolegal tactics sold to participants despite a complete lack of any actual legal basis. Such tactics are sometimes called "money for nothing" schemes, as they propose to extract money from the government by using secret methods. The name of the A4V scheme in particular has become synonymous with the movement as a whole. Although the movement has maintained a following since the 1990s, its theories are false and meritless. Those who participate in redemption schemes, and especially those ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
