Mortgage agent gets 10% commission% q9 q0 g" [9 s5 z+ G, C
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."( J4 ?, I6 V* R; k |6 ~5 N- ? http://www.cbc.ca/news/canada/to ... -mortages-1.4078124$ _( `8 Z1 c9 a/ w% z3 [
12% Interest. Too good to be true. 5 k2 D& ^& ?1 s$ I) e1 [1 j5 U
However, Canadian legal system is so flawed that it allows these things to happen everyday. + F. Z9 e* B0 t & _; ?1 p0 G. n; DI know some people who lost all their investments. ; j a5 q6 n4 F0 J3 K5 m. x6 P ! j6 Q* s" M0 @" dWhere does the money go? ; N: {9 t; Y2 ^3 l7 ?, a. \6 J