06/08/2013 07:04 BST

Royal Bank Of Scotland Tricked By Fake Bond Trader

LONDON, ENGLAND - APRIL 03: A sign hangs over the entrance to a branch of The Royal Bank of Scotland on April 3, 2013 in London, England. Investors have launched a compensation claim against The Royal Bank of Scotland claiming that the bank misled shareholders about the state of it's books before it collapsed in 2008. (Photo by Peter Macdiarmid/Getty Images)

KK Ho appeared out of nowhere last year on the Royal Bank of Scotland Group Plc’s London trading floor.

He had freshly printed business cards identifying himself as a bond salesman. He met with customers and impressed executives in internal meetings with his talk about rich clients he knew, according to two people familiar with the matter.