A federal grand jury in Manhattan is investigating China-based tech tycoon Neville Roy Singham for potential financial crimes tied to the massive funding of socialist, communist, and Marxist organizations across the United States over the past decade.
The probe, initiated by U.S. Attorney Jay Clayton for the Southern District of New York and authorized by Acting U.S. Attorney General Todd Blanche, focuses on possible wire fraud, bank fraud, money laundering, and related violations within Singham’s funding web. Prosecutors have issued subpoenas for bank records and financial documents from organizations in the network.
The grand jury action comes after a Fox News Digital investigation in mid-March that exposed how Singham routed hundreds of millions from his Shanghai base into U.S. nonprofits, media outlets, and activist groups promoting identity politics, sectarian division, and socialist causes.
Singham allegedly moved approximately $278 million from Shanghai through three primary channels:
- $164,040,000 to Mutod LLC, a now-defunct shell company established in 2017 in Chicago.
- $110,376,701 to the GS Donor Advised Philanthropy Fund For Wealth Management Inc., Goldman Sachs’ philanthropy arm in New York City.
- $3,500,000 to Likewise Conceptions LLC, another now-defunct shell set up in 2017 in Crystal Lake, Illinois.
These entities then directed the funds into six key nonprofits:
- $167,540,000 to People’s Support Foundation Ltd. (Chicago-based 501(c)(3) with Singham’s wife on the board).
- $68,748,701 to Justice and Education Fund Inc. (New York 501(c)(3) with self-described communists on the board).
- $22,440,000 to People’s Forum Inc. (New York 501(c)(3)).
- $16,760,000 to Tricontinental Ltd. (Massachusetts 501(c)(3) founded by Marxist activist Vijay Prashad).
- $1,330,000 to CodePink Women For Peace (founded by Singham’s wife and ally Medea Benjamin).
- $1,098,000 to Breakthrough BT Media Inc. (pro-communist outlet linked to longtime activist Brian Becker’s network).
These nonprofits reportedly funneled at least $223 million, plus additional support, into a broader global network, including the People’s Welfare Association (a 501(c)(4) channeling grants worldwide), the ANSWER Coalition, the Party for Socialism and Liberation, and various unidentified groups.
Sources indicate Treasury Secretary Scott Bessent met with Goldman Sachs Chairman and CEO David Solomon earlier this year in New York. Bessent reportedly delivered a direct message urging cooperation with investigators and warning of potential scrutiny over the firm’s philanthropy fund’s role in moving Singham’s money.
