Mortgage agent gets 10% commission2 Y o8 F3 o' S: x' 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."* U( { A+ @; A7 I2 o @/ G http://www.cbc.ca/news/canada/to ... -mortages-1.40781247 n1 I4 B) p( r* j: B9 z
12% Interest. Too good to be true. ]* {! c/ I! T4 ]9 j4 }3 T2 r# o( ~, _ b& ?: H
However, Canadian legal system is so flawed that it allows these things to happen everyday. / J$ f1 x) }8 U; ]4 g1 Z+ G* I
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I know some people who lost all their investments. 1 \% o8 l* r1 O& `8 ?1 ~ ' y1 q0 O+ o! ^6 [: bWhere does the money go? ; ]" i5 _, V: [8 H0 q