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.
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