Mortgage agent gets 10% commission 6 C, a/ G$ r7 [# \4 QAccording 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."9 l7 t e ^8 ~% T+ a: n http://www.cbc.ca/news/canada/to ... -mortages-1.4078124( \$ P* K3 H4 l e) i( t% B2 r
12% Interest. Too good to be true. / o* r# ^0 d9 d$ X6 S5 C* d! ?3 y7 p
However, Canadian legal system is so flawed that it allows these things to happen everyday. & C$ C/ b& u! @ c
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I know some people who lost all their investments. ( q# s5 T# j0 ` D2 y; l& X2 @% `& @( T6 U2 T
Where does the money go? / C5 h% w9 Q9 x; F2 @