Mortgage agent gets 10% commission) H0 L; o+ Z5 O3 p7 t) z7 W x
According 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.". c- I) |, s5 G1 \% S7 r2 P+ K0 f* o http://www.cbc.ca/news/canada/to ... -mortages-1.4078124/ s* P+ L( s) H9 x5 o
12% Interest. Too good to be true. 0 p1 ~! F( ?6 f / B4 v: i6 S6 T0 WHowever, Canadian legal system is so flawed that it allows these things to happen everyday. 9 \- a' C9 S! `' ^* b+ R+ A6 g: g
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I know some people who lost all their investments. - ]* v. |; \, N' B: ]/ k* p" } . Y8 O4 ^/ W1 {, |; H9 fWhere does the money go? " d6 O& u( ]0 f. s+ {