A federal grand jury investigation is now underway targeting Neville Roy Singham, a wealthy technology entrepreneur who has spent years bankrolling a sprawling network of left-wing organizations, media outlets and activist groups across the United States and beyond.
The probe, based in the Southern District of New York, has already produced subpoenas demanding financial records from organizations allegedly tied to Singham’s funding operation. Prosecutors are examining whether activities within that network violated federal laws covering wire fraud, bank fraud, money laundering or other financial crimes. U.S. Attorney Jay Clayton is leading the effort, with Acting Attorney General Todd Blanche reportedly authorizing the investigation.
According to a report, federal prosecutors have already presented evidence before the grand jury, which has issued subpoenas for bank records and other financial documents connected to Singham’s network.
Singham is a Connecticut-born businessman who made his fortune selling the software company Thoughtworks. He has reportedly been living in Shanghai in recent years while continuing to fund progressive causes globally. Earlier reporting alleged he directed approximately $285 million through the Goldman Sachs Donor Advised Philanthropy Fund and various shell companies, with funds ultimately flowing to nonprofits and media operations promoting socialist and Marxist causes. Those allegations have not been tested in court, and no criminal charges have been announced.
Organizations reportedly linked to Singham’s funding network include the People’s Forum, the ANSWER Coalition, BreakThrough News and CODEPINK, the anti-war group co-founded by Singham’s wife, Jodie Evans. Congressional Republicans have previously raised concerns about whether some of these groups maintained improper ties to the Chinese Communist Party. The organizations have denied any wrongdoing.
Goldman Sachs is also in the picture. Treasury Secretary Scott Bessent reportedly discussed the investigation with Goldman Sachs CEO David Solomon, with prosecutors reviewing the firm’s donor-advised philanthropy fund and its role in processing contributions connected to Singham. Goldman Sachs has agreed to cooperate with investigators, though neither the Treasury Department nor the bank has publicly confirmed those conversations.
It is worth noting what a grand jury investigation does and does not mean. Subpoenas are a standard investigative tool used to gather documents and testimony. The existence of a grand jury probe does not indicate that charges will be filed, and federal prosecutors must review all collected evidence before deciding whether to seek indictments.
The investigation represents a notable escalation in the Trump administration’s scrutiny of nonprofit funding structures and the financial networks behind prominent activist organizations. The fact-finding phase is ongoing, and the full scope of what prosecutors ultimately uncover remains to be seen.