Bogusław Bagsik


Bogusław Bagsik is a Polish-Israeli fraudster, who is best known for his involvement in the ART-B scandal centered on check kiting.
He is was the founder and one of two owners of ART-B, a shell company that, in the wake of the system transformation to capitalism, acquired stakes in Polish industry, high-key real estate and an art collection encompassing prestigious modern classics. Its capital derived from a check kiting scheme called the "oscillator". Furthermore, there had been constant rumours, i.e. about technical assistance from abroad to import electronics and ART-B functioning as a decoy firm for intelligence operations. The company was renowned for its tariff evasion methods. In 1991, Bagsik fled to Tel Aviv and was granted asylum. Extradition was denied. At this point, Bagsik was the 8th wealthiest person in Poland, according to Wprost.

Honours and awards

Immigration and arrest

Bagsik was arrested in 1994 at the Zürich airport. After a long extradition procedure, he had been released to Poland in 1996. He was then accused of illegally acquiring 400 mln PLN, bribery, and acting against the interest of his company. On October 20, 2000, he had been sentenced to 9 years in prison. Bagsik was released from prison in May 2004 on Parole.
After his, release Bagsik began further business work and was arrested on April 14, 2014, accused of money laundering of a sum of 11 mln PLN. In 2019, he was finally sentenced with 6 years imprisonment. He evaded imprisonment, several arrest warrants were issued.

Filmography

ART-B collection in [National Museum, Warsaw]