Mortgage agent gets 10% commission + e( z6 w1 o3 h5 DAccording 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." $ A1 N$ r c' b$ o4 i& ^http://www.cbc.ca/news/canada/to ... -mortages-1.4078124! I f; K; X0 J7 c; S7 I: J7 M6 g8 Z
12% Interest. Too good to be true. & o$ e& q4 z8 p/ {2 q: Y
6 Y; H) I2 j- D9 |" E5 _7 m. W( wHowever, Canadian legal system is so flawed that it allows these things to happen everyday. 4 ]! |# g' h8 J; d 5 V' x# V8 n4 c# j% k) N! `' tI know some people who lost all their investments. 3 p$ ~3 [( L6 n9 t6 H4 Z
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Where does the money go? ! `" @8 [. [& t' l" S5 Q# O& W