Tag: Salomon Mayer 1772

$8 Million to Panama – Is the Staykov Network Laundering Money Through Alpha Fund?

Money Laundering tamir - September 2, 2025

On April 1, 2025, Alpha Fund AD – a Bulgarian investment vehicle linked to controversial figure Stoyan Staykov – approved an $8 million capital injection into Canal Bank S.A. in Panama. At first glance, the deal appears routine. But a deeper look reveals hallmarks of a capital-shifting operation typical of transnational money laundering. The deal, signed by Alpha Fund’s executive Rumen Nanov and executed via Sofia-based Faktori AD, raises serious red flags.

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