Mortgage agent gets 10% commission 1 @/ a. o, [! h( \2 f6 C/ @According to the contracts that investors signed, Ha received 10 per cent of the funds for each syndicated mortgage he solicited for "mortgage orientation, referral, management and consulting fees." 7 k( ?" R2 o0 ]2 Hhttp://www.cbc.ca/news/canada/to ... -mortages-1.4078124- `& L! } Y, h$ |% ?. q
12% Interest. Too good to be true. ! |! v2 ^, A9 d) s, J 4 ]4 d7 p% r4 ^1 Y0 g/ @However, Canadian legal system is so flawed that it allows these things to happen everyday. 8 N/ M4 J9 Q$ d4 q* F* K3 v& [/ E" M: \5 O% a+ Z
I know some people who lost all their investments. 5 u. S5 @- Y* s* j( f% z9 {- C: T # I4 b. ~! `1 K1 H7 YWhere does the money go? 7 C0 I6 o J- Y9 H3 \