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Green Bay man charged with fraud

GREEN BAY, WI (WTAQ) - A man has been charged after allegedly defrauding people out of nearly $150,000 by getting them to invest in a fake business he created.

40-year-old Frank Bagniefski is facing nine counts of theft by false representation. Green Bay Police say Bagniefski used the money he collected for his own living expenses and to pay off personal debts.

From 2008 until this past March, Bagniefski worked at 1st Rate Lending in Green Bay. According to a manager at the business, he was fired due to performance issues. 

Company leaders say they were not aware of the alleged fraud until Green Bay police told them Bagniefski was under investigation. They say it was an isolated incident and an unfortunate situation for customers involved.

Police add that other 1st Rate Lending employees are cooperating with the investigation.

Police say they would like to speak to anyone who feels he or she may have been misled by Bagniefski in the past few years. If you believe you may be involved, you can call Det. Gary Fifarek at (920) 448-3261.