The U.S. Department of Justice has opened a federal grand jury investigation into technology entrepreneur Neville Roy Singham, significantly intensifying scrutiny of his extensive financial support for progressive organizations and nonprofit groups.
Federal prosecutors are seeking financial records as they investigate whether Singham or entities linked to his philanthropic network violated U.S. laws governing financial crimes, including wire fraud, bank fraud and money laundering.
The investigation is being conducted by the U.S. Attorney’s Office for the Southern District of New York under U.S. Attorney Jay Clayton, with reports indicating that Acting Attorney General Todd Blanche approved the inquiry.
Investigators Focus on Movement of Funds
Authorities are examining how money flowed through organizations associated with Singham after concerns emerged over the structure and destination of millions of dollars distributed through his funding network.
Grand jury subpoenas have reportedly been issued for banking records and other financial documents from organizations believed to have received or processed funds connected to Singham.
Federal prosecutors are expected to review the documents alongside witness testimony before determining whether sufficient evidence exists to pursue criminal charges.
Businessman Turned Major Political Donor
Singham, who was born in Connecticut, accumulated his wealth after selling software consulting firm Thoughtworks.
In recent years, he has reportedly resided in Shanghai while providing financial backing to a wide range of activist groups, nonprofit organizations and media outlets promoting progressive political causes both inside and outside the United States.
The investigation seeks to determine whether any aspect of those financial activities violated federal law.
Reports Raise Questions About Funding Structure
The investigation follows months of reporting that alleged roughly $285 million connected to Singham moved through the Goldman Sachs Donor Advised Philanthropy Fund and a network of shell companies before reaching numerous nonprofit organizations and advocacy groups.
Those reports claimed the funds ultimately supported organizations promoting socialist and Marxist political causes.
However, none of those allegations have been tested in court, and Singham has not been charged with any criminal offense.
Several Advocacy Groups Named in Reports
Organizations reportedly linked to Singham’s funding network include the People’s Forum, the ANSWER Coalition, BreakThrough News and the anti-war group CODEPINK, which was co-founded by his wife, Jodie Evans.
Some Republican lawmakers have previously questioned whether certain organizations maintained inappropriate relationships with foreign entities, including the Chinese Communist Party.
The organizations have denied any wrongdoing or improper foreign influence.
Goldman Sachs Also Faces Scrutiny
Investigators are also reviewing the role of Goldman Sachs’ donor-advised philanthropy fund in handling contributions connected to Singham’s charitable network.
According to reports, Treasury Secretary Scott Bessent discussed the matter with Goldman Sachs Chief Executive Officer David Solomon as federal investigators examined financial transactions associated with the fund.
Although Goldman Sachs has reportedly agreed to cooperate with investigators, neither the Treasury Department nor the investment bank has publicly confirmed details of those discussions.
Investigation Remains in Early Stages
Federal officials have emphasized that the grand jury process is still in its investigative phase.
The issuance of subpoenas does not indicate that charges are imminent.
Instead, prosecutors are gathering documents and testimony to determine whether the available evidence justifies seeking criminal indictments.
The Department of Justice has not released formal charging documents or publicly disclosed the evidence presented before the grand jury.
Political Reactions Add to Public Attention
The investigation has drawn political attention, particularly from Republican lawmakers who have long criticized Singham’s financial support for left-leaning organizations.
Representative Jason Smith of Missouri argued that tax-exempt organizations should not be used to finance activities he described as harmful to the country, adding that Singham should be held accountable if evidence supports allegations involving ties to the Chinese Communist Party.
At present, however, the investigation remains ongoing, and no findings of criminal liability have been made against Singham or the organizations associated with his funding network.
