Mortgage agent gets 10% commission7 h1 v- b& m) `# a: x7 l1 f
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." 3 j9 o4 k( {$ C& q8 G; ghttp://www.cbc.ca/news/canada/to ... -mortages-1.40781247 h; N* F- E, [* u. b0 G
12% Interest. Too good to be true. 2 `. j* u4 s8 k! }* G % s- u. `; a7 T- mHowever, Canadian legal system is so flawed that it allows these things to happen everyday. 3 @5 G0 l: |# X/ S1 Y
' b, d# R# [( S' rI know some people who lost all their investments. 1 W2 Y* @, h! ]% z* u8 E& X: H
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Where does the money go? - S% f% P+ u) {" Q( f