Mortgage agent gets 10% commission + Q! L: e! g6 T# mAccording 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."# x7 _9 L8 f) k; c! V http://www.cbc.ca/news/canada/to ... -mortages-1.4078124/ B* ~* ^1 q) g6 J* [* R9 t
12% Interest. Too good to be true. 3 ~/ g& E U+ O5 M
: k) G/ Z- y+ j9 EHowever, Canadian legal system is so flawed that it allows these things to happen everyday. & q, g) h5 w# R6 x$ b. `
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I know some people who lost all their investments. 5 V2 C. o2 C4 a9 Q6 {
8 V- X. `* L% E. ~' h& jWhere does the money go? * v4 p. q% }1 n i( b' Q