The loans Duran took out dishonestly from banks were his way of showing that this situation was wrong, he said. He started slowly. He tried to take out a few bank loans using his real details. The banks said no. Then, he learned how to get money from the banks. “I was learning all the time.” By the summer of 2007, he learned how to make the system work – he took out loans under the name of a false television production company. This way, he got a lot of money. €492,000, to be exact.
Why did the banks reject Duran’s loan applications at first?
He provided his real information, based on which he wasn’t eligible for loans A few important details were missing from his applications The banks suspected he was trying to learn how the banking system operates The banks thought that he was cheating