Mortgage agent gets 10% commission ) K+ O% z$ ]3 ~1 W8 ^; t2 f9 HAccording 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." ( a# x) V9 M" @$ r shttp://www.cbc.ca/news/canada/to ... -mortages-1.4078124; g- [, u) [( x! e: _$ [/ ]% q
12% Interest. Too good to be true. / N, V; K" I5 `3 M. g# L; l
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However, Canadian legal system is so flawed that it allows these things to happen everyday. ' A; \$ j2 w4 `5 d% F: I 6 g: c3 s. f, J7 C5 H2 @1 O/ CI know some people who lost all their investments. 3 \# D; c' h9 g. p: ~: Y ^9 | m1 Z: t! p: q
Where does the money go? - d; g: e8 n7 x