Mortgage agent gets 10% commission % ? A4 D6 B z [- N ]3 wAccording 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." ) F% ?& I4 q; C/ F: r( P+ l5 ]+ R& o9 Y* mhttp://www.cbc.ca/news/canada/to ... -mortages-1.4078124; h, E" v4 L; D2 D# D0 y
12% Interest. Too good to be true. & k* P: c- r. S% i 0 U( [* j1 |3 k% X" ?7 K5 y7 f. A" O" QHowever, Canadian legal system is so flawed that it allows these things to happen everyday. ( L- e, M) U" a& ~8 c, Q% C
9 T) i% K! C8 q i2 \9 FI know some people who lost all their investments. Y4 x( e2 H( E5 {# n" h
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Where does the money go? ( F8 s, u6 f3 E% I- G5 ]: [