Mortgage agent gets 10% commission . p# \/ ^9 [" Y+ o& o- K$ |6 O* WAccording 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."6 C: L0 ?" h2 }- Q( l9 B http://www.cbc.ca/news/canada/to ... -mortages-1.40781241 D0 z7 c+ M2 \, D* Z- U3 r
12% Interest. Too good to be true. 1 P; A! k1 z* x: Z: w- E# L1 \$ i1 i
However, Canadian legal system is so flawed that it allows these things to happen everyday. & l+ ^5 b3 o; S: }( ^. h1 E8 t/ X4 ]1 w4 g& [
I know some people who lost all their investments. % m2 F; M$ }7 {) p/ M; ?0 _3 j 9 h+ _7 o% ?- E5 \1 q. s8 BWhere does the money go? 9 O9 T" L3 y' y9 N! r" z6 t9 a$ U" L0 u