The Polish Financial Supervision Authority KNF suspects Boguslaw Bagsik that he is involved in illegal brokerage activities on the forex market. Investigators will check if he had something in common with British Digit Serve company which in 2006 lured clients with income of 5 percent monthly. Many clients, including one church district, invested at least PLN 100,000 (EUR 27,800) each.
„Investigation concerning brokerage activities without license is in a preliminary stage. No one has been accused of anything yet”, Katarzyna Szeska, spokeswoman of Warsaw prosecutors office said.
She refused to say whether Boguslaw Bagsik was suspected. KNF also refused to comment.
Digit Serve is a company founded for forex operations. It’s owned by Swiss CENG founded in 2005. According to “PB” data, CENG Polska and Vinsvin offered DS forex instruments to the Poles. Vinsvin is a company from Dabrowa Gornicza owned by Mariusz Cebula, DS head for Eastern Europe and a good acquaintance to Boguslaw Bagsik. Capital investment director of Vinsvin is Tomasz Mozgawa, earlier working at WGI which went bankrupt.
Digit Serve raised in Poland about PLN 20m from nearly 100 clients. Its products have been sold in Poland since 2006. According to unofficial sources, several dozens clients were attracted by the promise to have 5 percent of monthly income. Each client had to invest at least PLN 100,000. Tomasz Adamek, ex world champion in boxing whose promoter had been Boguslaw Bagsik, was also offered to invest in DS.
“Vinsvin owner and friend of Mr. Bagsik talked to me about it in October 2006. It seemed so improbable to me to have 5 percent return on investment that I did not decide to invest in the fund”, Tomasz Adamek said.
(PLN 1 = EUR 0.278)