Mortgage agent gets 10% commission& N/ J+ b& G9 H. c$ E
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." $ M- W! u1 e( |) G7 u, V) xhttp://www.cbc.ca/news/canada/to ... -mortages-1.40781248 p( g$ f2 y1 h5 O. l+ k
12% Interest. Too good to be true. ; z/ L" L0 k8 D" i y
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However, Canadian legal system is so flawed that it allows these things to happen everyday. A5 h3 \- P6 {# T# e1 u* j: X 7 S0 D$ J+ h! L: I) g3 g$ FI know some people who lost all their investments. ( ~4 P. ]) y. p5 D ; R. }" s6 E6 @# m! t# A$ sWhere does the money go? . y1 s/ X3 j5 k O- W5 Y( _