Mortgage agent gets 10% commission " {/ I5 ?% G {7 ]" b' t* NAccording 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."9 x6 @# M/ Q* J+ } http://www.cbc.ca/news/canada/to ... -mortages-1.40781240 l) Y9 N* |% e* S7 Y/ ?( W
12% Interest. Too good to be true. 2 ?% k' f2 K7 {- ^+ j, K4 {7 N
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However, Canadian legal system is so flawed that it allows these things to happen everyday. 4 i4 m8 ?; Q$ B: Q2 R! E. f $ `' Z: V, S1 p; ~( aI know some people who lost all their investments. * u. p8 {4 _. r, a( {' `# u) z7 R* B2 b1 q
Where does the money go? 0 F! K$ u! K% l3 i