Franklin Duran

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Franklin Duran (born September 12, 1967, Caracas, Venezuela) is a Venezuelan entrepreneur implicated in "the suitcase scandal" between Argentina and Venezuela, and charged by the United States Department of Justice with being an illegal agent of a foreign government.[1]

1 Personal
2 Business
3 References
4 External links

[edit] Personal

Duran attended high school learning at the Pedro Maria Ochoa Morales Military School, located in Los Teques and also in the Anzoategui Military School. He finished his studies of superior education in the Capital Region’s Technical Institute, obtaining the title of Technical Superior in Mechanics with a technology minor.

[edit] Business

In the work-environment he was exposed to; the world of aircraft and luxury cars, he was able to meet and make relations with individuals of high economical level. In the year 1989 he met Omar Camero.

Duran made his first big business deal with the selling of SONY equipments and microwaves in the chain of stores “PEPEGANGA” with a loan of $1,000,000 from the Latino Bank, which it was provided thanks to the endorsement given to him at that time by Omar Camero. Then, in 1992 Camero gets together with Franklin Duran in an enterprise called DISLACA, which was dedicated to food-importation, distributing to Procter & Gamble. In the year 1993 Duran buys his first aircraft, a Cessna 206.

With this financial engineer, he obtains utilities up to 10 times his investment. In the year 1997 Franklin Duran took a high risk; he invested $20,000 and won $275,000 in TYCO. That same year he went to Russia with Citibank’s vice-president, where they searched for aircraft-related businesses, but came back having bought Russian bonds.

Referring to the human side and solidarity of Duran, together with his business partner and friend, Carlos Kauffamn, during the tragedy in the state of Vargas, they both incorporated brigades for the victims and putting in disposition helicopters of their own for transporting victims to Caracas and other cities. This information was transmitted in a documentary by the Discovery Channel.

During the oil strike they helped the neediest Venezuelan people.

Through the company RUIBAL & DURAN, Franklin and his business partners are representatives and distributors of very important North American enterprises in Venezuela, some of them specialized in selling equipments for the police department and the fire department.