A Manhattan federal grand jury has launched an investigation into alleged financial misconduct linked to Neville Roy Singham, a tech billionaire based in China. Prosecutors are scrutinizing how Singham, whose fortune reportedly supports left-wing activist groups in the United States, moved significant funds through complex financial networks.
The probe, authorized by Acting Attorney General Todd Blanche and initiated by U.S. Attorney Jay Clayton, is examining potential wire fraud, bank fraud, and money laundering involving Singham and affiliated organizations. Subpoenas have already been issued for bank records and other relevant documents to trace the flow of millions of dollars.
Evidence presented to the grand jury points to a scheme where roughly $285 million originating from Shanghai was funneled through a Goldman Sachs philanthropy fund and multiple shell corporations. These channels reportedly redirected the money into various nonprofits, media outlets, and activist groups promoting socialist and Marxist ideologies on U.S. soil.
The federal interest in Singham’s network follows scrutiny by both the State Department and congressional committees. Earlier this year, the State Department publicly highlighted organizations such as Code Pink and the People’s Forum, which receive funding linked to Singham. These groups have faced criticism for downplaying U.S. policies and supporting Marxist regimes abroad.
Additionally, the House Committee on Ways and Means demanded comprehensive financial disclosures from several nonprofits allegedly connected to the Chinese Communist Party and Singham’s funding network. Committee chair Jason Smith requested information on donor sources, fiscal sponsorships, connections to foreign principals, and the use of donor-advised funds and shell companies.
Public records show that The People’s Forum received more than $20 million from Singham and his spouse over a five-year period via these opaque channels. This has raised concerns about foreign influence and the use of American nonprofits as conduits for overseas political agendas.
Officials declined to provide further comments on the investigation, which continues to unfold as authorities seek to clarify the extent of financial misdeeds and political influence embedded within these funding networks.