DMCA as a Gag? – Why FinTelegram Rejects the Staykov Complaint

Charlene Lensburg
Fri, 05 Dec 2025 13:52:44 +0000
Austria, Bulgaria, People Radar, ticker, Alpha Bulgaria, Alpha Fund, Canal Bank, Creditbox, Stoyan Staikov, Stoyan Staykov, Wiener Privatbank

FinTelegram received a “DMCA” email from Stoyan Staykov demanding the removal of two articles. The message included ID scans and screenshots, but none of the statutory details that identify a specific copyrighted work. The notice is therefore formally deficient and, in our assessment, a misuse of the DMCA intended to chill reporting. We have sent a detailed deficiency response and will not remove content absent a legally compliant notice.

Why the DMCA Email Fails

No identification of the specific copyrighted work (title/author/publication) allegedly infringed.

No precise location of the allegedly infringing passage/image on our site.

No complete contact details; government ID scans are neither required nor appropriate.

Result: no valid §512(c)(3) DMCA notice.

Read our reports on Stoyan Staykov here.

What Staykov Wants Taken Down – The Core of Our Reporting

1) “8 Million to Panama – Alpha Fund & Canal Bank”

We reviewed a board resolution of Alpha Fund AD (April 1, 2025) authorizing the subscription of 11,428,571 shares at USD 0.70 in Canal Bank S.A. (Panama)—a total of USD 8 million; to be executed via Bulgarian intermediary Faktori AD.

Our red-flag indicators: offshore jurisdiction (Panama), low share price/high volume, accelerated timeline, and an external broker. Public confirmations beyond the internal resolution have not been located. By contrast, the ~9.55% stake of Alpha Fund in Wiener Privatbank SE is publicly disclosed (read our report here).

2) “The Bulgarian Investor Stoyan Staykov and His Vast Network”

This piece analyzes the corporate web around Alpha Bulgaria AD (ALFB), Alpha Fund AD, and intermediary vehicles (including CREDITBOX SMLTD) spanning Bulgaria and Vienna. Patterns include sub-10% shareholdings, nominee layering, and cross-border capital flows. Several claimant accounts (e.g., Anton Erokhine; an Austrian notary) report unpaid liabilities. We clearly label items as alleged/documented, as appropriate.

Beyond OSINT – What Insiders Told Us

As part of our investigation, we spoke with individuals who did business with Staykov or have direct knowledge of his network. Multiple insiders allege that Staykov acts as a front man for Russian oligarchs, using Vienna/Bulgaria as operational hubs. One of these oligarchs is allegedly Oleg Boyko. These allegations are being further verified and are not based solely on open sources; our work includes internal materials and witness statements.

Our Standard

FinTelegram reports critically, fact-based, and law-compliant. We correct verified errors—yet we do not respond to deficient DMCA notices or pressure tactics. We do not publish ID documents and handle personal data minimally.

Call for Information:

If you hold documents, contracts, payment trails, or internal communications related to Alpha Bulgaria / Alpha Fund / Wiener Privatbank / Staykov, please submit them confidentially via Whistle42. Substantive evidence helps clarify the facts and exposes improper attempts to silence reporting.

Share Information via Whistle42