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Federal prosecutors in Manhattan are reportedly examining whether money moving through a network tied to China-based tech millionaire Neville Roy Singham involved wire fraud, bank fraud, money laundering or other financial crimes.
By yourNEWS Media Newsroom
A federal grand jury in Manhattan is investigating alleged financial crimes tied to Neville Roy Singham, a China-based technology millionaire whose fortune has helped fund a network of left-wing activist, media and nonprofit organizations in the United States and abroad, according to a Fox News report.
The probe is being led by U.S. Attorney Jay Clayton for the Southern District of New York, according to sources familiar with the matter cited by Fox News. Acting U.S. Attorney General Todd Blanche authorized the investigation as the Trump administration increases scrutiny of alleged fraud, money laundering and other financial crimes in the nonprofit sector.
The grand jury has issued subpoenas seeking bank records and other financial documents from organizations linked to Singham’s funding network, the report said. Federal prosecutors use grand jury subpoenas to compel documents and testimony while determining whether criminal charges are warranted.
Nicholas Biase, spokesman for the U.S. Attorney’s Office for the Southern District of New York, declined to comment.
The investigation follows a Fox News Digital series published in March that reported Singham moved $285 million from Shanghai into a Goldman Sachs philanthropy fund and two shell corporations, which then distributed money to nonprofit organizations, media outlets and activist groups.
Prosecutors are examining whether Singham, the organizations he funded or their leaders committed wire fraud, bank fraud, money laundering or other financial crimes, according to sources cited in the report.
The inquiry includes the role of GS Donor Advised Philanthropy Fund For Wealth Management Inc., a Goldman Sachs philanthropic arm that allegedly facilitated millions of dollars in transfers into U.S. nonprofits.
According to Fox News, Treasury Secretary Scott Bessent traveled to New York City earlier this year to meet with Goldman Sachs Chairman and CEO David Solomon. Sources said the two discussed the Goldman Sachs fund and its role in moving Singham-linked money into nonprofit groups.
A Treasury Department spokesman declined to comment. A person familiar with the meeting confirmed it occurred, saying Bessent regularly meets with business leaders, but declined to discuss the meeting’s substance.
Sources told Fox News that Bessent warned Goldman Sachs could face scrutiny over an alleged conspiracy involving the movement of Singham-linked funds and urged Solomon to cooperate with federal investigators. Solomon pledged cooperation, according to the report.
Fox News noted that Goldman Sachs has had longstanding business ties in China. Solomon participated in a Nov. 4, 2025, meeting 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 joined a delegation of American business leaders who accompanied President Donald Trump, Bessent and other administration officials to China for meetings with Chinese President Xi Jinping and other Chinese Communist Party leaders.
Fox News Digital’s earlier investigative series also highlighted a Nov. 13, 2025, speech by Singham at the Golden Tulip Hotel during a Global South Academic Forum conference. Tricontinental Ltd., a nonprofit funded by Singham, co-sponsored the event with academic institutions administered by the Chinese Communist Party.
During the speech, Singham supported what he described as a “new world order” promoted by Xi and the Chinese Communist Party, according to the report. He also called the United States a “fascist” nation.
The Fox News series also cited a 172-page report in which Singham outlined his theory of political change and invoked Mao Zedong’s concept of a “people’s war” to spread communism. Mao’s ideology was influenced by Karl Marx and Vladimir Lenin.
Singham’s political funding increased after his February 2017 marriage to Jodie Evans, co-founder of Code Pink, a left-wing activist organization that Fox News described as aligned with regimes including Iran, Cuba and China. Sources told Fox News that Evans is also a target of the investigation because she served on boards of several U.S. organizations funded by Singham.
That same year, Singham sold ThoughtWorks, his technology company, for an estimated $785 million to London-based private equity firm Apax Partners. A spokeswoman for Apax Partners said the firm would not disclose the investors involved in the sale. Sources told Fox News that federal investigators are looking for possible ties to the Chinese Communist Party.
Fox News Digital reported that after the sale, Singham began directing large sums into a network of organizations that became part of a broader activist infrastructure in the United States and overseas.
The outlet said it mapped 223 transactions from 2017 through 2025, totaling $591 million across five continents and 67 core groups linked to the Singham network. Those groups reportedly partner with hundreds of additional organizations worldwide, creating what Fox described as a network of about 2,000 groups amplifying anti-U.S. and pro-China messages.
Fox News Digital said it documented $278 million flowing directly from Singham into organizations that House Ways and Means Committee Chairman Jason Smith earlier this year accused of sowing discord in the United States during a hearing on “foreign malign influence.”
The investigation is reportedly focused on how the money moved through the network. In money laundering inquiries, prosecutors often examine three stages: placement, layering and integration.
According to Fox News, the alleged placement stage involved $278 million moving from Shanghai into the United States through three channels. Those included $164,040,000 to Mutod LLC, a now-defunct shell corporation established in 2017 and based in Chicago; $110,376,701 to GS Donor Advised Philanthropy Fund For Wealth Management Inc., based in New York City; and $3,500,000 to Likewise Conceptions LLC, a now-defunct shell corporation established in 2017 and based in Crystal Lake, Illinois.
The alleged layering stage involved those three entities sending the money into six nonprofits, according to the report.
Those included $167,540,000 to People’s Support Foundation Ltd., a 501(c)(3) nonprofit established in 2017 with a hotel address in Chicago and Evans on the board.
Another $68,748,701 reportedly went to Justice and Education Fund Inc., a 501(c)(3) established in 2018 with a UPS Store address in New York City and self-described communists, including Manola De Los Santos, on the board.
Fox News reported that $22,440,000 went to People’s Forum Inc., a 501(c)(3) established in 2017 on West 37th Street in New York City with Evans and De Los Santos on the board.
Another $16,760,000 reportedly went to Tricontinental Ltd., a 501(c)(3) established in Northampton, Massachusetts, in 2017 by Singham associate and Marxist writer Vijay Prashad.
The report said $1,330,000 went to CodePink Women For Peace, a 501(c)(3) established in 2009 in Marina del Rey, California, by Evans and Susan Medea Benjamin.
Another $1,098,000 reportedly went to Breakthrough BT Media Inc., a 501(c)(3) established in New York City in 2020 at the People’s Forum headquarters. The organization runs Breakthrough News, whose editor-in-chief is Ben Becker, son of longtime communist activist Brian Becker, according to Fox News.
The alleged integration stage involved those six nonprofits sending at least $223 million and other support into a broader global network, according to the report.
Recipients and partner organizations cited by Fox News included People’s Welfare Association, a 501(c)(4) established in 2019 with a UPS Store address in Madison, Wisconsin, which now reports about $12 million in revenue and grants to undisclosed groups worldwide.
The report also cited unidentified organizations across six global regions, including Sub-Saharan Africa, Central America and North America, that received tens of millions of dollars.
Other groups listed in the Fox News report included the ANSWER Coalition and the Party for Socialism and Liberation, both described as communist-linked organizations with overlapping leadership or ideological ties to the Singham network.
Singham and Evans have not responded to repeated requests for comment from Fox News Digital. Fox also reported that Becker and De Los Santos declined to answer questions outside the People’s Forum headquarters in January, while Benjamin declined to answer questions during a protest in May.
The ANSWER Coalition, Breakthrough BT Media Inc., CodePink Women for Peace, Justice and Education Fund Inc., Party for Socialism and Liberation, People’s Forum Inc., People’s Welfare Association and Tricontinental Ltd. also have not responded to repeated requests for comment, according to Fox News. Representatives for Mutod LLC and Likewise Conceptions LLC could not be located.
The investigation remains at the grand jury stage, and no charges were reported in the material provided. Prosecutors are examining whether the complex movement of funds through donor-advised accounts, shell entities and nonprofits violated federal financial crime laws.
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