what's all this buzz about a chain mail from India LIS Deepasthambham Project?

Answer 1

Scam

Answer 2

I'm pretty certain that the promoters of LIS Deepasthambham Project are behind this and are trying to flood the Internet with information about their illegal money circulation scheme so that they could attract investors from abroad. It isn't like the Nigerian letter scam- it's more crooked. So crooked, perhaps you couldn't draw parallels to this scheme in the history of con tricks.
The first thing anyone should do after receiving a too-good-to-be-true mail, is to click on the SPAM button after alerting the authorities. If you happen to be the curious kind, you can always search using either Google or Yahoo! and find all the information there's on the Net. By mentioning the scheme and how it functions here at YA, you are only tempting the gullible fools to fall for the con trick.

Answer 3

LIS is a Service oriented firm which serves the public and gives an opportunity to test their luck through lottery ticket without losing their hard earned money. LIS is not a financial Institution. LIS or Luck Insurance Service 'safeguards' the 'Lottery Luck' of its customers for whome LIS purchases tickets as requested by its customers and preserves them safely. LIS watches the lottery results,collects and hands over prizes to the customers. More over, as part of this service, the agent’s commission received for bulk lottery purchase and magazine purchase is distributed to the members of LIS as sharing of commission which LIS receives.

Vision
Maximum returns for members through innovative and secure business process.

Mission
To chalk-out innovative ideas of services with a business touch; benefiting the public in an extensive manner and to implement the same and make it a success over a period of time.

Growth of LIS
It was Late Dr. Joseph Kelanthra, the then Arch Bishop of Varapoly who had graciously inaugurated LIS on Feb 9, 1974 as a partnership concern. Later when more people joined the scheme, it was decided to make use of the establishment for the benefit of the public especially for the children. Accordingly LIS was converted in to a Charitable Trust rechristened LIS Educational and Charitable Trust and registered with No. 110/IV/85/EKM/SRO. LIS Educational and Charitable Trust was inaugurated by another luminary, the then Governor of Kerala, late P. Ramachandran. The establishment has been managed since then by a Board of Advisory Trustees headed by Prof. (Dr.) M.V. Pylee, Ex-Vice Chancellor, Cochin University of Science and Technology as President and a committee of Managing Trustees headed by Sri P.V. Chacko, FCA.

Scheme
LIS Deepasthambham Project
Any one can join LIS Deepasthambham Project by entrusting Rs. 1250/- or the multiples of it according to their financial capacity. Each split of Rs. 1250/- is treated as a unit. Each member who entrusts an amount for more than one unit shall enjoy the benefits of all these units; i.e. the benefits of a single unit multiplied by the number of units.


For each single unit a member gets Lottery Tickets worth Rs. 700/- and subscription of Thrikalam Collage Magazine, published by LIS Printers & Publishers for nine months, worth Rs. 550/- thus totalling Rs. 1250/-. Generally the Lottery tickets are allotted to the members in a way that they get t ickets worth Rs. 10/- per week for a period of 70 weeks. The Dealer Commission received when purchasing the Lottery Tickets & Thrikalam Magazine is transferred to the members. The eligibility of the members to receive the Commission is calculated in a scientific way by LIS using computer software specifically developed for this. While distributing this commission, LIS make sure that the first member who joined LIS gets the commission first. Thus each member receives Lottery Commission which is equivalent to the amount entrusted with LIS and the entrusted amount is refunded along with it.


When the amount is returned a service charge of Rs. 200/- per unit is deducted from the commission along with the Tax applicable as per the then prevailing rules.

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LIS-MIS (LIS MONTHLY INCOME SCHEME)
This scheme is suitable for persons who want a specific monthly income (Retired Persons, housewives, Students etc.,) from their membership amount. LIS guarantees up to 12% benefit on their amount. Members are also at liberty to withdraw their membership on a 14 days notice. As the name shows, this scheme offers the facility of collecting the benefit on a monthly