Mortgage agent gets 10% commission7 y& q' x# {, c! v2 K: _
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." & i6 z% W+ S' ~http://www.cbc.ca/news/canada/to ... -mortages-1.4078124! b3 a/ Z8 g. p
12% Interest. Too good to be true. & j8 D3 e2 ~: @% Q9 [* z- J7 z 1 p3 P* K+ {7 A- eHowever, Canadian legal system is so flawed that it allows these things to happen everyday. + c8 H" l( o1 ]6 Z# f0 K
" h8 ?+ S# U$ }+ T- F% h( x# b/ CI know some people who lost all their investments. ( s' x5 z0 ~ n6 [: B ) Q9 a! ?+ S1 SWhere does the money go? / i7 z/ Q6 x1 ?& V* W+ \3 s