Mortgage agent gets 10% commission $ _" m5 S4 s q2 EAccording 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." * k8 z0 L0 R2 b5 uhttp://www.cbc.ca/news/canada/to ... -mortages-1.40781249 }& m. p8 S8 @0 `: G
12% Interest. Too good to be true. 4 V$ ~* |3 q: T' j
- ^6 m- i2 s0 f+ T( qHowever, Canadian legal system is so flawed that it allows these things to happen everyday. % J: \! K' X) u. } 3 d3 W8 R$ v# u' j: A( k zI know some people who lost all their investments. ) h/ k7 ]4 H' y, [
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Where does the money go? . Z/ c" H9 M" F# @2 r" Q4 ?4 n: C8 O