‘Robin Hood of the Banks’
April 29th, 2014Via: Russia Today:
Enric Duran, dubbed the ‘Spanish Robin Hood of the Banks’, for swindling 39 banks out of half a million euros to redistribute them to organizations fighting against the established financial system, spoke to RT Spanish to reveal his moves and motives.
In hiding for more than a year, and in serious trouble with the courts, he nonetheless recently decided to break his silence and start speaking to the press to explain his vision and how he went about achieving it. Speaking to RT Spanish by Skype from an undisclosed location, he talks of the ingenious and simple tactic he used to cheat dozens of banks out of a half-million euros.
“I realized that loans below 6,000 euro don’t show up in Spain’s bank database,” he says, revealing the first step on the way to accumulating the fortune that later earned him his moniker.
“As soon as I realized this, I started taking out loans of a little over 5,000 euro, accumulating a certain amount over time. Then, having transferred the whole sum to a single account, and having the ability to prove my financial eligibility, I started taking out bigger credit. It was very convenient to take advantage of the fact that Spain doesn’t update its banking database for months on end. That is how, from December 2007 to January 2008 I was able to take out the bulk of the money,” Duran explained.
Research Credit: TR
