Mortgage agent gets 10% commission! o- s9 o4 C8 K. `) p: n
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." / u3 }* J; J; Phttp://www.cbc.ca/news/canada/to ... -mortages-1.40781246 B+ }- a3 r* W& T+ z
12% Interest. Too good to be true. 9 \- V$ f7 i, a5 k8 c. \
/ J% d! @8 e* MHowever, Canadian legal system is so flawed that it allows these things to happen everyday. 5 c+ V" ?4 M& {: Y
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I know some people who lost all their investments. / U' Q2 |2 K e/ F
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Where does the money go? # P5 }( q& Z* p: y% v% R