FIRST ON FOX: A Manhattan federal grand jury has opened an inquiry into Neville Roy Singham, the Shanghai-based tech financier accused of quietly moving hundreds of millions into U.S. nonprofits and activist groups tied to Marxist and communist causes. The probe centers on subpoenas for bank records and financial documents as prosecutors seek to determine whether wire fraud, bank fraud, money laundering or other financial crimes occurred. This story tracks alleged money flows, meetings between top officials and Wall Street, and public statements by Singham that raise national security concerns. Expect a methodical legal review focused on accountability for foreign-directed influence inside the United States.
Federal prosecutors in the Southern District of New York have reportedly convened a grand jury and issued subpoenas to chase the paper trail. Investigators are examining transactions routed through a Goldman Sachs philanthropic vehicle and two shell companies that funneled funds into American nonprofits and media operations. The thrust of the effort is to determine whether the transfers violated U.S. laws or were designed to hide the true origin of funds tied to foreign interests.
Sources say Treasury leadership met with Goldman Sachs’ chief to demand cooperation and warn that the bank could face scrutiny over its role. The alleged funneling involved a Goldman philanthropic arm that moved millions from Singham’s Shanghai base into U.S. nonprofit accounts. Prosecutors are treating the bank records and corporate documents as key evidence to map how money moved between entities and nations.
Investigators have focused on several large sums that changed hands during the period in question, including about $285 million reported to have entered a philanthropy fund and $278 million identified as moving directly into U.S. organizations. A broader mapping of transactions shows hundreds of millions more passing through a worldwide network, reaching dozens of core groups and hundreds of partner organizations. That scale is what elevates this beyond a simple funding story into a potential national security issue.
On stage at a November conference, Singham reportedly endorsed a “new world order” and described the United States as a “fascist” nation, language that mirrors international propaganda now appearing in some activist circles here. Those public statements, paired with the financial trail alleged by prosecutors, are fueling Republican concerns about foreign influence operations. Lawmakers and national security officials see a pattern that demands rigorous investigation and potential legal consequences.
Part of the probe looks at common money-laundering concepts prosecutors use to frame investigations: “placement,” “layering” and “integration.” Authorities are trying to determine whether initial transfers were simply donations or the first stage in efforts to obscure origins. The layering stage is where funds may move through multiple entities, and integration is where money reappears as seemingly legitimate grants or program support.
Named individuals connected to the network, including a high-profile activist who married Singham in 2017, are reported to be under scrutiny for their board roles and involvement with funded groups. Officials are asking whether those relationships were arms-length philanthropy or part of coordinated political financing tied to foreign actors. That distinction matters for both criminal liability and national security policy.
Prosecutors have reportedly presented evidence to the grand jury and are using subpoenas to force production of bank statements, corporate records and testimony. Grand juries are a standard investigative tool to decide whether there is enough to pursue indictments, and the stakes here include potential charges for financial crimes alongside reputational consequences for institutions named in the filings. Cooperation from corporate and nonprofit actors will shape how aggressively the case advances.
The financial network described spans continents and hundreds of organizations, with investigators documenting transfers across multiple jurisdictions. That global footprint complicates the picture and makes coordination with foreign regulators and banks essential for a full accounting. Republicans in Congress have raised alarms about what they call foreign malign influence and are likely to press for tougher oversight of nonprofit funding and transparency.
Officials decline public comment as the grand jury continues its work, but sources say investigators are methodically tracing the transfers and vetting connections between funders and beneficiary groups. If prosecutors find evidence of deliberate concealment or fraud, criminal charges could follow. For now, the inquiry is a reminder that large philanthropic flows tied to foreign interests will draw intense scrutiny from law enforcement and lawmakers alike.
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