Or 100% for a man named KK Ho, who lost his job but kept showing up anyway, pretending to be a bond trader. The Bloomberg News story does not explain how, or if, Ho got income from showing up.
I recall a story, from 40 years ago, about a guy who lost his job, which was something in demand, aerospace engineering or something like that. The story did not explain why, since the field was good, he didn't just get another job; but instead he made a sort of a living for a couple of years by sending out resumes.
In those days, men with his background were sought after, so employers would send him plane tickets to come to an interview. He cashed the tickets and drove instead, living off the difference.
But the story of the parking lot attendant who just showed up and after years disappeared with millions is urban legend, according to snopes.com.
I feel sorry for the other Mr. KK Ho, who may (or may not, who knows?) be a legit trader in the same city. Bloomberg could not satisfy itself about that. But with only 100 Chinese surnames, and a fairly limited roster of given names or initials, the possibilities for confusion in an increasingly connected Chinese working population appear to be enormous.
It's bad enough with the US Office of Foreign Asset Control, which keeps a list of foreigners with whom designated businesses (mostly financial, including the pawnshop where I work) cannot trade. Not even to buy a $10 silver ring.
There are a lot of alleged drug dealers on the list, and if one Juan Garcia in Colombia comes to the attention of the DEA, then Kamaaina Loan is forbidden to deal with any Juan Garcia, unless we can prove ours is not the DEA's.
Not easy to do.
The fines for violations are very large, too.
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