Mortgage agent gets 10% commission0 d! v' w+ H4 w- @0 L2 b1 F
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."- O1 Z" _9 R& h- c! P8 p http://www.cbc.ca/news/canada/to ... -mortages-1.4078124, a" Q O& }7 _7 ~. Q+ L3 p
12% Interest. Too good to be true. : V: n7 A1 C! W2 `' X6 N
9 p0 {8 T: w, W1 jHowever, Canadian legal system is so flawed that it allows these things to happen everyday. 7 B& d2 r: g( M+ M' n" Z( C. O/ _
I know some people who lost all their investments. + p- f6 `" W+ J+ u, S. X
9 `# Y" w+ z D* w0 P- y3 [" bWhere does the money go? , M6 R! P, ^7 |0 |' _) n