Mortgage agent gets 10% commission+ _4 k1 O7 Y/ p$ f1 b: [
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." # Q% w! d5 _% e! |. k6 X( Whttp://www.cbc.ca/news/canada/to ... -mortages-1.4078124- n# W/ i* H6 \5 ]
12% Interest. Too good to be true. {$ f3 \! g. g. u, H# t( S7 f 3 f3 ?2 U0 L, a* h5 X# eHowever, Canadian legal system is so flawed that it allows these things to happen everyday. # z7 z! b5 h4 m9 }( s5 Z; K' c
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I know some people who lost all their investments. 9 c6 x, j% z: v5 c1 e6 N1 {) y% V R' p' f+ h* }+ p, w
Where does the money go? 1 g$ a( `( }$ r$ u