B.C.’s financial regulator has cancelled the licence of a real estate agent who used the services of a so-called ‘shadow’ mortgage broker to buy a house using fake financial statements a year after declaring a negative annual income of $459.
Tag: Shadow
Real Estate Crisis Triggers New Alarms Over China’s Shadow Banks
An accountant in northeast China deposited her life savings and received a letter guaranteeing her investment in a trust firm. Workers at a state-owned utility pooled money from friends and relatives believing that their investments were backed by the government.