The loans Duran swindled from banks were his way of regulating and denouncing this situation, he said. He started slowly. “I filled out a few credit applications with my real details. They denied me, but I just wanted to get a feel for what they were asking for.” From there, the former table-tennis coach began to weave an intricate web of accounts, payments and transfers. “I was learning constantly.” By the summer of 2007, he had discovered how to make the system work, applying for loans under the name of a false television production company. “Then, I managed to get a lot.” €492,000, to be exact.
How much money did Duran manage to take out in loans?
€492,000 in total A lot, with the largest single loan amounting to €492,000 The banks refused to give him money He refused to disclose the total amount