Mortgage agent gets 10% commission # N! ?, J9 T$ b" X% g6 l8 |8 ~6 JAccording 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."+ k. x5 Y7 S) a' Z2 s+ l) l" c http://www.cbc.ca/news/canada/to ... -mortages-1.4078124+ h5 |& D( y6 Y
12% Interest. Too good to be true. 2 X$ E2 C8 O5 |! G4 \4 t, H/ w2 y8 [3 n, K! I' {4 t; w
However, Canadian legal system is so flawed that it allows these things to happen everyday. 8 `& r1 Y8 g. v! o3 |7 K; {3 _6 d* z5 c" b% X
I know some people who lost all their investments. ' p+ C. ], ~- x1 f
! @, w( k. K( ~) H) OWhere does the money go? " h4 i, L/ ~* N2 |