Mortgage agent gets 10% commission6 x) ]9 |3 R5 @9 d0 \$ C9 S
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."" S2 m; Z0 T5 x- e# w( a http://www.cbc.ca/news/canada/to ... -mortages-1.40781249 ?5 z. ~& i& m3 z6 `& d4 m) G# `
12% Interest. Too good to be true. R$ u# e: g! t6 E
) e* c: S& r+ C4 G ^However, Canadian legal system is so flawed that it allows these things to happen everyday. ( E9 `& l6 ]3 {
0 }7 i0 L2 Y: |; @; k
I know some people who lost all their investments. " }9 D+ J; h, s. ?* ~4 S0 \. l$ Z2 s& ]
Where does the money go? / `( l2 S6 b; f2 B/ f* d