Mortgage agent gets 10% commission 4 a, w* [/ _' O+ y" c+ N7 f" J2 B- xAccording 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." 1 X. `/ o F! l2 h* g! u' ghttp://www.cbc.ca/news/canada/to ... -mortages-1.4078124+ M6 F8 Y* C; }9 _) J7 g8 S' r) t7 f8 w
12% Interest. Too good to be true. 8 D, }% |* X2 E4 F) r& \8 v
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However, Canadian legal system is so flawed that it allows these things to happen everyday. : z8 Z0 P+ o s2 L
% ? l& d, A! dI know some people who lost all their investments. ) s6 q" c0 a1 o- V& f7 A8 ~
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Where does the money go? ; ]) N2 L, K N3 W' A6 E* d