Fox News89%
DOJ launches grand jury probe into Marxist mogul Neville Roy Singham's funding of leftist groups 68%
By Asra Q. Nomani0%
6/29/2026, 12:00:11 PM
BS Summary: This article contains 23 faulty reasoning types, including Confirmation Bias, Post Hoc (False Cause), and Politically Right Leaning Bias, with Negativity Bias as the most egregious example at 44.3% saturation with 567 hits. Analysis detected 2,889 faulty-reasoning hits from 1,281 analyzed words, generating a BS Score of 61% and a BS Rank of 68% (7,191 of 21,887 articles). This article is worse (more manipulative) than 67.10% of the article peer group.
FIRST ON FOX: A federal grand jury is investigating alleged financial crimes by Neville Roy Singham, the China-based tech tycoon whose fortune has funded a sprawling network of socialist, communist and Marxist organizations across the U.S. over the last decade.
According to sources familiar with the matter, the grand jury in Manhattan has issued subpoenas as part of a probe launched by U.S.
Attorney Jay Clayton for the Southern District of New York, one of the country's most powerful districts for federal prosecutions.
Acting U.S.
Attorney General Todd Blanche authorized the investigation as the Trump administration seeks to crack down on fraud, money laundering and other financial crimes in the multibillion-dollar nonprofit industry.
The grand jury action follows a Fox News Digital investigation published in mid-March, documenting how Singham pumped $285 million from his base in Shanghai into a Goldman Sachs philanthropy fund and two shell corporations that then fed the money into a constellation of nonprofit organizations, media operations and activist groups pushing sectarian division, identity politics and support for socialist politicians.
The investigation is examining the movement of the money in Singham's financial network and attempting to determine if Singham, the organizations he funded or their leaders committed wire fraud, bank fraud, money laundering or other financial crimes, according to sources familiar with the matter.
HOUSE OF SINGHAM: READ FOX NEWS DIGITAL'S 5-PART INVESTIGATION
Prosecutors have presented evidence to the grand jury, which has issued subpoenas seeking bank records and other financial documents from organizations in Singham's network.
Federal prosecutors use grand jury subpoenas as an investigative tool to compel the production of documents and testimony as they determine whether sufficient evidence exists to pursue criminal charges.
Nicholas Biase, spokesman for the U.S.
Attorney’s Office for the Southern District of New York, declined to comment.
Showdown with Goldman Sachs
According to sources, Treasury Secretary Scott Bessent traveled to New York City earlier this year for a meeting with Goldman Sachs Chairman and CEO David Solomon.
The men discussed the role of a Goldman Sachs philanthropic arm — GS Donor Advised Philanthropy Fund For Wealth Management Inc. — that facilitated the movement by Singham of millions of dollars into a network of U.S. nonprofits.
A Treasury Department spokesman declined to comment.
A person familiar with the meeting confirmed that it occurred, saying that Bessent has regular meetings with business leaders, and declined to comment further on the substance of the meeting.
At that meeting, sources said, Bessent delivered a blunt ultimatum: Goldman Sachs could face scrutiny for alleged conspiracy in the funneling of the Singham money and urged Solomon to cooperate with federal investigators.
Like many U.S. companies, Goldman Sachs has had a long business relationship with the Chinese Communist Party, with Solomon participating in a meeting, for example, on Nov. 4, 2025, 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.
Solomon pledged his cooperation, according to sources.
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By mid-May, with the Southern District of New York investigation in full throttle, Solomon joined a delegation of powerful American business leaders who accompanied President Donald Trump, Bessent and other administration officials to China to meet with Chinese President Xi Jinping and other leaders of the Chinese Communist Party.
In a five-part investigative series published earlier this year, Fox News Digital unearthed a four-minute-13-second speech in which Singham stood on a stage at the Golden Tulip Hotel on Nov. 13, 2025, for a conference of the "Global South Academic Forum," coincidentally just days after the Goldman Sachs' chief was in Beijing.
Tricontinental Ltd., a Singham-funded nonprofit, co-sponsored the event with academic institutions administered by the Chinese Communist Party.
On stage, Singham openly supported a "new world order" promoted by Chinese President Jinping and the Chinese Communist Party.
During the speech, he called the United States a "fascist" nation, echoing the propaganda of the Chinese Communist Party now also parroted on the streets by communist, socialist and Democratic Party activists.
WATCH THE NOVEMBER 2025 SINGHAM SPEECH:
The series revealed a 172-page report in which Singham outlined his theory of change, invoking 20th century Chinese communist leader Mao Zedong's battle plan to wage a "people's war" to spread communism.
Mao was inspired by communist leaders Karl Marx and Vladimir Lenin.
LAWMAKERS RAISE ALARM OVER NEVILLE ROY SINGHAM'S $278M NETWORK SPREADING CCP PROPAGANDA IN THE U.S.
Singham’s rise as a global political financier accelerated after his February 2017 marriage to Jodie Evans, the co-founder of Code Pink, a far-left activist group that has aligned itself with authoritarian regimes including the Islamic Republic of Iran, the Communist Party of Cuba and the Chinese Communist Party.
According to sources, Evans is also a target of the investigation, emerging as a board member in the U.S. on many of the organizations that Singham funded.
That same year, Singham sold his company, ThoughtWorks, for an estimated $785 million to a London-based private equity firm, Apax Partners.
A spokeswoman for Apax Partners said the company wouldn't disclose the names of the investors who pumped money into that sale, but sources told Fox News Digital that federal investigators are looking for potential ties to the Chinese Communist Party.
After that sale, Fox News Digital found, Singham began directing large sums of money into a network of organizations that now form part of a broader activist infrastructure in the United States and abroad.
In its investigation, Fox News Digital mapped 223 transactions from 2017 through 2025 that moved $591 million across five continents through 67 core groups in the Singham network.
They partner with hundreds of groups worldwide, resulting in a network of about 2,000 groups, amplifying anti-U.S., pro-China messages.
Of that money, Fox News Digital established a documented $278 million flowed directly from Singham into organizations that "sow discord" in the U.S., as House Ways and Means Chair Jason Smith put it earlier this year at a hearing a dynamics called "foreign malign influence."
Following the Money
In money-laundering investigations, prosecutors typically examine three stages of alleged impropriety called "placement," "layering" and "integration."
Placement refers to the introduction of funds into the financial system.
Layering involves moving money through multiple entities or transactions to allegedly obscure its origin.
Integration is the point at which the money reemerges as apparently legitimate funding, grants, payments or organizational support.
Step 1: Alleged Placement
Singham allegedly funneled $278 million from Shanghai into the United States through three key channels — the philanthropic arm of Goldman Sachs and two shell corporations that have since gone defunct.
Step.
2: Alleged Layering
The three entities then pumped the $278 million into six nonprofits:
Step 3: Alleged Integration
The six nonprofits then funneled at least $223 million and other forms of support into a global network of organizations including:
FLASHBACK: INSIDE THE POLITICAL MOVEMENT THAT PUT A SOCIALIST IN CHARGE OF NEW YORK CITY
Singham and Evans haven't responded to repeated requests for comment from Fox News Digital.
In January, Becker and De Los Santos refused to respond to questions by Fox News Digital outside the People's Forum headquarters.
Benjamin refused to respond to 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 haven't responded to repeated requests for comment.
Representatives for Mutod Ltd. and Likewise Conceptions LLC couldn't be located.
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