A federal grand jury seated in Manhattan has opened an investigation into Neville Roy Singham, the Shanghai-based tech tycoon accused of funneling hundreds of millions of dollars through shell corporations and a Goldman Sachs philanthropy fund into a sprawling network of far-left organizations across five continents. Subpoenas have already gone out seeking bank records and financial documents from groups in Singham's orbit, Fox News Digital reported.
The probe, launched by U.S. Attorney Jay Clayton for the Southern District of New York and authorized by Acting U.S. Attorney General Todd Blanche, is examining potential wire fraud, bank fraud, money laundering, and other financial crimes. No charges or indictments have been announced, but sources described the investigation as running "in full throttle" by mid-May.
If the allegations bear out, the case would expose one of the most elaborate schemes to move foreign-origin money into American political and activist infrastructure in recent memory, a $278 million pipeline flowing from Shanghai into U.S. nonprofits that, in the words of House Ways and Means Chair Jason Smith, exist to "sow discord" in the United States.
Fox News Digital's prior investigative series, published in mid-March, mapped 223 transactions totaling $591 million from 2017 through 2025, moving through 67 core groups that partner with roughly 2,000 organizations worldwide. The SDNY grand jury appears to be following the same trail, structured around the three classic stages of money laundering.
The alleged placement stage involved Singham directing $278 million into three U.S. vehicles: $164 million into Mutod LLC, a now-defunct shell corporation established in 2017 in Chicago; $110.4 million into the GS Donor Advised Philanthropy Fund for Wealth Management Inc., the Goldman Sachs philanthropy arm; and $3.5 million into Likewise Conceptions LLC, another defunct shell based in Crystal Lake, Illinois.
From there, the money allegedly moved into a layering stage, redistributed across six nonprofits, all established between 2017 and 2020. People's Support Foundation Ltd., registered at a hotel address in Chicago with Singham's wife Jodie Evans on its board, received $167.5 million. Justice and Education Fund Inc., registered at a UPS Store address in New York City, received $68.7 million. People's Forum Inc., located on West 37th Street in Manhattan, received $22.4 million. Tricontinental Ltd. in North Hampton, Massachusetts, received $16.8 million. CodePink Women for Peace, co-founded by Evans in Marina Del Rey, California, received $1.3 million. And Breakthrough BT Media Inc., headquartered at the People's Forum address, received just over $1 million.
In the alleged integration stage, at least $223 million flowed outward from these six nonprofits into what Fox News Digital described as a global network spanning organizations on five continents, including groups like the ANSWER Coalition, whose Chicago address is listed as the Green Mill Restaurant, and the Party for Socialism and Liberation.
The financial architecture is striking for its deliberate opacity. Shell corporations that no longer exist. Nonprofit addresses at UPS Stores and hotels. Board members who refuse to answer questions from journalists. This is not how transparent charitable giving works.
Neville Roy Singham is no ordinary philanthropist with eccentric politics. He sold his company, ThoughtWorks, to London-based private equity firm Apax Partners for an estimated $785 million in February 2017, the same month he married Evans, the CodePink co-founder. Within months, the shell corporations and nonprofits began materializing.
He now operates from Shanghai. In a 172-page report, Singham outlined what Fox News Digital described as his "theory of change," invoking 20th-century Chinese communist leader Mao Zedong's battle plan to wage a "people's war" to spread communism. That is not Fox News Digital's characterization of his politics, it is Singham's own framing of his mission.
On November 13, 2025, Singham delivered a four-minute, thirteen-second speech at the Golden Tulip Hotel during a Global South Academic Forum conference. He called the United States a "fascist" nation and voiced support for a "new world order" promoted by Chinese President Xi Jinping and the Chinese Communist Party. The video was unearthed by Fox News Digital.
The Global South Academic Forum events were co-sponsored by Tricontinental Ltd., one of the Singham-funded nonprofits now under scrutiny, and East China Normal University, which Fox News Digital described as administered by the Chinese Communist Party. At an earlier forum held in Shanghai in November 2017, a professor from that university presented a talk on "Marxist theory of journalism." Singham attended alongside his associate Vijay Prashad, described as a fellow Marxist ideologue who founded Tricontinental Ltd.
The pattern is consistent: American nonprofit dollars, routed through opaque corporate structures, funding organizations that align with CCP ideological objectives. The question federal prosecutors now face is whether that pattern also constitutes a crime. The intersection of Democratic-aligned fundraising and Chinese interests has drawn increasing scrutiny in recent years, and the Singham case may represent its most extreme expression.
The Goldman Sachs connection adds a Wall Street dimension to the probe. The bank's philanthropy arm received over $110 million from Singham before Goldman terminated the relationship in February 2024, after what a Goldman spokesman described as "an initial round of public scrutiny about his donations to far-left causes."
But the story did not end with termination. Earlier this year, Treasury Secretary Scott Bessent traveled to New York City for a meeting with Goldman Sachs Chairman and CEO David Solomon. Sources told Fox News Digital that Bessent delivered a blunt ultimatum: Goldman Sachs could face scrutiny for alleged conspiracy if it did not cooperate with federal investigators. Solomon reportedly pledged cooperation.
A person familiar with the Bessent-Solomon meeting said the Treasury Secretary "has regular meetings with business leaders" and declined to comment further on the substance of the discussion. A Treasury Department spokesman also declined to comment. The SDNY spokesman, Nicholas Biase, declined to comment on the investigation.
The timeline that followed is notable. On November 4, 2025, Solomon met in Beijing with He Lifeng, a member of the Political Bureau of the Communist Party of China Central Committee and Director of the Office of the Central Commission for Financial and Economic Affairs. By mid-May, Solomon had joined a delegation accompanying President Trump to China to meet with Xi Jinping and other CCP leaders. Bessent was also part of that delegation.
Goldman Sachs has long maintained business relationships with Chinese entities. But having its philanthropy arm serve as a conduit, witting or otherwise, for a man who openly invokes Mao and calls America fascist raises questions that go beyond routine client management.
What stands out across the Singham network is the wall of non-response. Singham himself has not responded to repeated requests for comment from Fox News Digital. Neither has Jodie Evans, described as also a target of the investigation.
In January, Manola De Los Santos, a self-described communist who sits on the boards of Justice and Education Fund Inc. and People's Forum Inc., refused to respond to questions from Fox News Digital outside People's Forum headquarters. Brian Becker, described as a longtime American communist leader with ties to the ANSWER Coalition and the Party for Socialism and Liberation, also refused to respond. In May, CodePink co-founder Susan Medea Benjamin refused to answer questions during a protest.
The Apax Partners spokeswoman declined to disclose the names of investors in the ThoughtWorks acquisition. That $785 million sale is the apparent wellspring of the entire Singham financial network, and the identities of those investors remain unknown.
Every door, closed. Every question, unanswered. For organizations that claim to champion transparency and the people's interests, the silence is telling. Scrutiny over ties between American political figures and socialist or authoritarian-aligned activists has become a recurring theme, and the Singham network sits at the center of the most complex version of that story.
The investigation arrives as the Trump administration has signaled broader intent to crack down on fraud, money laundering, and other financial crimes in the multibillion-dollar nonprofit industry. House Ways and Means Chair Jason Smith held a hearing earlier this year on what was described as "foreign malign influence," during which he referenced $278 million flowing into organizations designed to "sow discord" in the United States.
The nonprofit sector has long operated with minimal financial transparency compared to for-profit corporations. Organizations can register at UPS Stores, list hotel lobbies as headquarters, and move millions across borders with limited disclosure requirements. The Singham network exploited every available gap. Major DOJ actions targeting political figures have accelerated under the current administration, and the Singham probe represents perhaps the most financially complex of them all.
Fox News Digital drew a historical parallel to Elliot Ness's prosecution of Al Capone for tax evasion, the idea that when the underlying conduct is difficult to prosecute directly, financial crimes provide the pathway to accountability. Whether the SDNY grand jury follows that model remains to be seen. No charges have been filed. The investigation is at the subpoena and evidence-gathering stage.
But the financial architecture documented in the Fox News Digital investigation is remarkably detailed: specific dollar amounts, specific shell corporations, specific nonprofit recipients, specific board members, and a specific ideological mission laid out in Singham's own 172-page report. Federal prosecutors have a roadmap. The question is whether they will follow it to its conclusion.
Several questions remain open. Has the grand jury returned any indictments or true bills? What specific evidence beyond bank records has been presented? Did Solomon's reported pledge of cooperation result in any formal agreement with prosecutors? And perhaps most importantly: have federal investigators established any direct CCP ties to the investors who funded the $785 million ThoughtWorks acquisition that appears to have seeded the entire network?
The People's Welfare Association, a 501(c)(4) established in 2019 at a UPS Store address in Madison, Wisconsin, reports approximately $12 million in annual revenues and distributes grants to undisclosed groups worldwide. The identities of those recipient organizations remain unknown. Public confidence in the institutional left continues to erode, and revelations about opaque funding networks will not help.
Singham built a machine designed to move money from Shanghai into American civic life, wrapped it in the language of social justice, and staffed it with people who refuse to answer basic questions. A Manhattan grand jury is now asking those questions with subpoena power. That is how accountability is supposed to work.
