Mortgage agent gets 10% commission0 ]! ~0 b8 S" E
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." * B @7 _* K+ v* d! [http://www.cbc.ca/news/canada/to ... -mortages-1.4078124, Y- R G7 C2 Z8 E
12% Interest. Too good to be true. ; @& e8 K0 g/ L7 T3 m* L5 k9 r : J7 E! Z; {6 k$ d* \$ w: pHowever, Canadian legal system is so flawed that it allows these things to happen everyday. / S/ R0 e) q; E3 e2 \( M n 5 Z) ~& Q+ s5 \9 m/ LI know some people who lost all their investments. ) u0 C- U- u3 E5 d2 ? B # ?$ }5 w3 T) [9 a' FWhere does the money go? ' l; c1 |( C! b5 s; h. T( L. v