Mortgage agent gets 10% commission + y/ ?+ b9 K& ?, SAccording 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." $ v7 p& P4 I0 q$ D2 _" Ghttp://www.cbc.ca/news/canada/to ... -mortages-1.4078124/ }5 ]. @, n5 K ?$ I* C0 \
12% Interest. Too good to be true. 8 {2 f; P0 V6 y3 @' O& a" F
: \2 N) I6 b P& j# Y) X/ \However, Canadian legal system is so flawed that it allows these things to happen everyday. 9 K2 n, T* i- |; _7 n8 j- ~" \
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I know some people who lost all their investments. - \0 G; p# n* `. { 6 V5 P9 o! m! b$ j# WWhere does the money go? - q* l' s+ B5 B& b; T+ n