I am reading a page by the FBI on the Sovereign Citizen Movement. The article goes on to say:
Not every action taken in the name of the sovereign citizen ideology is a crime, but the list of illegal actions committed by these groups, cells, and individuals is extensive ...
- Engineer various white-collar scams, including mortgage fraud and so-called “redemption” schemes.
I found another FBI page that provides information on redemption schemes at Common Fraud Schemes | Redemption/Strawman/Bond Fraud. The page does not explain what the scheme is. It gives some pieces of information about what some people do, and it also says fraudulent documents are sometimes used, but I don't understand what, exactly, is being done.
Since it is a scheme, I expect someone is trying to disgorge me and my money. But since it is not a confidence scheme, there must be another angle in play.
What are redemption schemes?