Federal Grand Jury Probes Funding of Left-Leaning Organizations by China-Based Tech Mogul

A federal grand jury has reportedly launched an investigation into alleged financial offenses connected to Neville Roy Singham, a technology entrepreneur based in China. Singham's wealth has reportedly financed a wide array of socialist, communist, and Marxist organizations throughout the United States over the past decade.

Sources with knowledge of the situation indicate that the grand jury, convened in Manhattan, has issued subpoenas. This inquiry was initiated by U.S. Attorney Jay Clayton for the Southern District of New York, a jurisdiction known for significant federal prosecutions. The investigation received authorization from Acting U.S. Attorney General Todd Blanche, aligning with efforts by the Trump administration to address fraud, money laundering, and other financial irregularities within the extensive nonprofit sector, which accounts for billions of dollars.

The probe is reportedly scrutinizing the flow of funds within Singham's financial network. Its objective is to ascertain whether Singham, the organizations receiving his funding, or their leadership engaged in wire fraud, bank fraud, money laundering, or other illicit financial activities, according to individuals familiar with the details.

Evidence has been presented to the grand jury, which has subsequently issued subpoenas requesting bank records and other financial documentation from entities within Singham's network. Federal prosecutors routinely employ grand jury subpoenas as an investigative mechanism to compel the submission of documents and testimony, aiding their determination of whether sufficient evidence exists to pursue criminal indictments.

Nicholas Biase, a spokesperson for the U.S. Attorney’s Office for the Southern District of New York, refrained from comment when approached.

Goldman Sachs' Role and Treasury Department Engagement

Sources indicate that Treasury Secretary Scott Bessent journeyed to New York City earlier this year for a discussion with David Solomon, the Chairman and CEO of Goldman Sachs. Their conversation reportedly focused on the involvement of a philanthropic division of Goldman Sachs, specifically the GS Donor Advised Philanthropy Fund For Wealth Management Inc., which is said to have enabled the transfer of millions of dollars from Singham into various U.S. nonprofit organizations.

A spokesperson for the Treasury Department declined to provide a statement. An individual familiar with the meeting confirmed its occurrence, noting that Secretary Bessent frequently engages with business leaders, but offered no further details regarding the discussion's content.

During that encounter, according to sources, Bessent reportedly issued a direct warning: Goldman Sachs might face examination for alleged complicity in the channeling of Singham's funds and was urged to collaborate with federal investigators.

Goldman Sachs, like many American corporations, has maintained a long-standing business relationship with the Chinese Communist Party. For instance, Solomon participated in a meeting on November 4, 2025, with He Lifeng, who serves as 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.

Sources reported that Solomon committed to cooperating with the investigation.

By mid-May, as the Southern District of New York's investigation intensified, Solomon was part of a delegation of prominent American business figures. This group traveled to China alongside President Donald Trump, Secretary Bessent, and other administration officials for meetings with Chinese President Xi Jinping and other high-ranking members of the Chinese Communist Party.

Ideological Backing and Key Figures

In a public address, Singham openly endorsed a "new world order" championed by Chinese President Xi Jinping and the Chinese Communist Party. During this speech, he reportedly characterized the United States as a "fascist" nation, a sentiment that mirrors propaganda from the Chinese Communist Party and is reportedly echoed by certain communist, socialist, and Democratic Party activists.

A 172-page report attributed to Singham reportedly detailed his theory of societal transformation. This document is said to invoke the strategies of 20th-century Chinese communist leader Mao Zedong, particularly his concept of waging a "people's war" to propagate communism. Mao's ideology, in turn, drew inspiration from communist thinkers Karl Marx and Vladimir Lenin.

Singham's prominence as an international political financier reportedly grew significantly following his marriage in February 2017 to Jodie Evans. Evans is a co-founder of Code Pink, a far-left activist organization known for its alignment with authoritarian governments, including the Islamic Republic of Iran, the Communist Party of Cuba, and the Chinese Communist Party. Sources indicate that Evans is also a subject of the ongoing investigation, having served as a board member for numerous U.S.-based organizations funded by Singham.

Alleged Financial Flow: Placement, Layering, Integration

Understanding Money Laundering Stages

In cases involving alleged money laundering, prosecutors typically analyze a three-stage process: "placement," "layering," and "integration." Placement describes the initial injection of illicit funds into the legitimate financial system. Layering refers to the subsequent movement of these funds through a series of complex transactions or multiple entities, purportedly to conceal their true source. Finally, integration is the stage where the laundered money is reintroduced into the economy, appearing as legitimate income, grants, payments, or organizational support.

Alleged Placement of Funds

The investigation suggests that Singham channeled an estimated $278 million from Shanghai into the United States. This alleged placement reportedly occurred through three primary conduits: the philanthropic division of Goldman Sachs and two shell corporations that are now defunct.

Alleged Layering Through Nonprofits

Following the initial placement, the same three entities reportedly directed the $278 million into six nonprofit organizations:

• Valence Philanthropic
• United Community Fund
• Stichting International Mass Media Research Foundation (IMMRF)
• Tricontinental Institute for Social Research
• New Frame
• International Association of People's Lawyers

Alleged Integration into Global Network

Subsequently, these six nonprofits are said to have funneled at least $223 million, along with other forms of assistance, into a global network of organizations, including:

• International People's Assembly
• No Cold War
• People's Dispatch
• Globetrotter
• Geopolitical Economy Project
• International Week of Anti-Imperialist Struggle
• Dongsheng News
• Morning Star
• The Cradle
• Al Mayadeen
• FightBack News
• Black Alliance for Peace
• Popular Resistance
• The Grayzone
• Mothers Against Militarism
• National Lawyers Guild
• Workers World Party
• Peace and Freedom Party
• Revolutionary Anti-Imperialist Movement
• Chicago Anti-War Coalition
• Sanctions Kill Coalition
• Alliance for Global Justice

Efforts to reach 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. for comment have reportedly been unsuccessful. Representatives for Mutod Ltd. and Likewise Conceptions LLC could not be located.