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 said no, but I just wanted to understand what they were asking for.” From there, the former table-tennis coach began to set up a confusing web of accounts, payments and transfers. “I was learning constantly.” By the summer of 2007, he had discovered how to make the system work – he applied for loans under the name of a false television production company. “Then, I managed to get a lot.” €492,000, to be exact.
How did Duran obtain a lot of money in 2007?
He took out extensive loans on behalf of a fake company He struck a deal with a television production company He leveraged the few bank loans he previously took out using his real details He requested loans from banks outside of Spain