Grand jury opens probe into Neville Roy Singham's US funding
A federal grand jury in Manhattan has opened an investigation into alleged financial crimes tied to Neville Roy Singham, the Shanghai-based Marxist tech mogul whose fortune has funded a sprawling network of socialist and communist nonprofits across the United States, according to Fox News. Prosecutors are examining whether wire fraud, bank fraud, or money laundering occurred as millions moved through his network.
Key Takeaways
- A Manhattan federal grand jury has issued subpoenas for bank records tied to Neville Roy Singham's nonprofit funding network.
- Acting Attorney General Todd Blanche authorized the probe led by Southern District U.S. Attorney Jay Clayton.
- Investigators are reviewing whether roughly $278 million flowed through Goldman Sachs philanthropy channels and shell entities.
- Singham's wife, CodePink co-founder Jodie Evans, is also reportedly under scrutiny.
- No criminal charges have been filed; organizations in the network have not responded to comment requests.
Why Is Neville Roy Singham Under Grand Jury Scrutiny?
Fox News reported FIRST ON FOX that the Department of Justice opened the grand jury probe in the Southern District of New York. Sources familiar with the matter said the investigation follows a Fox News Digital series documenting how Singham transferred about $285 million from Shanghai through a Goldman Sachs donor-advised fund and shell companies into U.S. nonprofits, media outlets, and activist groups.
Prosecutors are analyzing money flows to determine whether Singham, the organizations he funded, or their leaders committed wire fraud, bank fraud, money laundering, or other financial crimes. The move comes as the Trump administration pushes harder against fraud in the nonprofit sector, which moves billions of dollars annually.
How Did Money Move Through the Singham Network?
According to Fox News, Singham channeled $278 million through three main routes: roughly $164 million to Mutod LLC, about $110 million to the GS Donor Advised Philanthropy Fund, and $3.5 million to Likewise Conceptions LLC. Both shell companies have since been dissolved.
Those entities then funded six nonprofits, including People's Support Foundation, the People's Forum, CodePink, Tricontinental Ltd., Justice and Education Fund Inc., and BreakThrough BT Media Inc. Fox News traced 223 transactions moving $591 million across five continents through 67 core groups linked to an estimated 2,000 organizations worldwide.
Treasury Secretary Scott Bessent reportedly met Goldman Sachs CEO David Solomon earlier this year and urged cooperation as investigators examined the bank's philanthropic arm. A Goldman Sachs spokesman previously told Fox News that the philanthropy terminated its relationship with Singham in early 2024.
Who Else Is Named in the Federal Probe?
Sources told Fox News that Jodie Evans, Singham's wife and a CodePink co-founder, is also a subject of the investigation because she sits on the boards of multiple U.S. organizations he funded. Singham sold his company Thoughtworks for an estimated $785 million in 2017 and later relocated to Shanghai.
Congressional committees have separately examined the network for foreign influence concerns. House Ways and Means Chairman Jason Smith has described Singham as maintaining business ties linked to the Chinese Communist Party while funding groups that spread anti-American rhetoric.
What Happens Next in the Investigation?
Federal prosecutors have presented evidence to the grand jury and used subpoenas to compel bank records and financial documents from organizations in Singham's network. Nicholas Biase, spokesman for the U.S. Attorney's Office for the Southern District of New York, declined to comment when contacted by Fox News.
Grand jury investigations do not mean charges are imminent. No one in the Singham network has been charged with a crime, and the named nonprofits have not responded to repeated comment requests from Fox News. Readers following true crime and unsolved mysteries coverage will want to watch whether the probe produces indictments. For the original reporting, see Fox News Digital's full investigation.