Mortgage agent gets 10% commission5 E/ G2 o) N, G, w* V0 W- J q
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." " C" M3 W4 {$ y! [ {9 N' Uhttp://www.cbc.ca/news/canada/to ... -mortages-1.4078124" Y' d \) v( N* j
12% Interest. Too good to be true. 7 N" l6 K3 P% o, z& E) f6 r- h
' o1 k- Z. |6 f7 ]* R/ d& }0 P# m! fHowever, Canadian legal system is so flawed that it allows these things to happen everyday. . f# Q/ A! K( P8 A- P1 x, E9 Z7 Y2 G* I2 _1 U, E
I know some people who lost all their investments. ! L" `/ J+ {) I/ x8 b
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Where does the money go? $ H( N# I+ e) B; e8 ~