Mortgage agent gets 10% commission + ? ?+ W2 P8 Q7 `9 r& aAccording 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 h6 t* O0 b. K7 Nhttp://www.cbc.ca/news/canada/to ... -mortages-1.4078124$ e" k# r: [4 U; m" b& f
12% Interest. Too good to be true. . S f! j* ^, `1 j% T/ A7 m7 {$ }
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However, Canadian legal system is so flawed that it allows these things to happen everyday. $ [3 g' m c' @, T+ Z9 H3 T2 U9 D# W8 @
I know some people who lost all their investments. " n+ F/ Z% s. t3 |5 |1 u 5 `9 W1 `) Q0 @# Z0 s& TWhere does the money go? 0 l1 C- x& j$ W: @