page_title: Swissindo
section_title: United Nations
hierarchical_section_title: Swissindo / Response / United Nations
context_page_description: Swissindo is an organisation founded in 2010 that claims to be working towards eliminating the debt of everyone on Earth. It purports to achieve this goal by issuing master bonds entitling bearers to a universal basic income.
  In truth, Swissindo is a debt elimination scam.
  Swissindo is headquartered in West Java, Indonesia, and is led by Sino Soegihartonotonegoro. The organisation has members from the United States, Australia, Africa, Asia and Europe. Due to its illegal financial practices, the Cirebon office of the 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 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 it employs organised pseudolegal commercial arguments.
context_section_description: The United Nations has received informal reports of UN Swissindo's actions in South Africa and reported them to local law enforcement. In a press release, the UN branded Swissindo as a scam, affirmed that the UN does not charge a fee for humanitarian work and aimed to make it "categorically clear" that UN Swissindo is not part of the United Nations. It also urged the public to immediately report matters in which they are being asked to provide a fee for humanitarian work to their local authorities. 
  “There are many people around the world who come up with schemes on how to exploit the name of the UN to swindle innocent people of their money. South Africa is not an exception".
   
  – United Nations
caption: The United Nations has condemned Swissindo's practices.[10]