http://www.cbc.ca/news/canada/toronto/syndicated-mortgages-losses-1.4083261
http://www.cbc.ca/news/canada/toronto/syndicated-mortages-1.4078124
More than 120 people from the Greater Toronto Area's Chinese community have likely lost nearly $9 million in syndicated mortgage investments solicited by someone they trusted, who then loaned the money to a convicted fraudster, a CBC News investigation has found.
Margaret Wong, a retiree, is one of the investors. She put $200,000 into four syndicated mortgage projects and says that the money is now gone; she'll have to sell her house to pay off her line of credit.
http://www.cbc.ca/news/canada/toronto/syndicated-mortages-1.4078124
More than 120 people from the Greater Toronto Area's Chinese community have likely lost nearly $9 million in syndicated mortgage investments solicited by someone they trusted, who then loaned the money to a convicted fraudster, a CBC News investigation has found.
Margaret Wong, a retiree, is one of the investors. She put $200,000 into four syndicated mortgage projects and says that the money is now gone; she'll have to sell her house to pay off her line of credit.
