A Shanghai-Based Tycoon, $278 Million, and a Federal Grand Jury — The Money Behind America’s Loudest Protests Is Now Under DOJ Investigation.

A federal grand jury in Manhattan has begun issuing subpoenas in an investigation into Neville Roy Singham — the American tech multimillionaire who sold his company for $785 million, moved to Shanghai, and over the past decade became the quiet financier behind a sprawling network of socialist, communist, and anti-Israel activist groups across the United States. Fox News Digital first reported the probe on June 29, 2026; the Washington Examiner and other outlets corroborated it the same day.

According to the reporting, the U.S. Attorney’s Office for the Southern District of New York — with the investigation authorized at the top of the Justice Department — is examining whether Singham, the organizations he funded, or their leaders committed wire fraud, bank fraud, or money laundering. The inquiry centers on roughly $278 million that has moved through a lattice of shell companies, donor-advised funds, and nonprofits since 2017.

Two cautions up front. Singham has not been charged with any crime; a grand jury investigation is not a conviction, and he is presumed innocent. And the groups he funds insist their work is constitutionally protected political speech, not foreign-agent activity. This page lays out who Singham is, where the money went, what Congress has already documented, and what the DOJ is now examining — sourced throughout, with the open questions flagged as open.

• $278 million — amount reportedly funneled through Singham's network of nonprofits since 2017, the sum now under DOJ scrutiny · Source: Fox News Digital; Washington Examiner
• Grand jury · SDNY — a federal grand jury in Manhattan has issued subpoenas; the probe weighs wire fraud, bank fraud, and money laundering · Source: Fox News Digital
• $591M · 223 transactions — scale mapped by a five-part Fox News Digital investigation: money moved across five continents through ~67 core groups and ~2,000 allied organizations, 2017–2025 · Source: Fox News Digital
• Goldman cut ties, Feb. 2024 — Goldman Sachs terminated its donor-advised-fund relationship with Singham after the donations drew public scrutiny · Source: Fox News Digital; reporting
• ~$1.4M to Code Pink — Singham-linked groups supplied roughly a quarter of donations to Code Pink, co-founded by his wife Jodie Evans · Source: NYT; Fox News Digital
• Not charged · presumed innocent — no indictment has been returned; Singham and the funded groups deny wrongdoing and call the probe political · Source: editorial standard; reporting

On June 29, 2026, Fox News Digital reported — and the Washington Examiner confirmed — that a federal grand jury in the Southern District of New York had begun issuing subpoenas in a probe of Singham’s financial network. The investigation, the reporting says, was authorized at the senior levels of the Trump Justice Department and is being run out of the SDNY, the office that handles the country’s most complex financial-crime cases. Investigators are said to be tracing the movement of money to determine whether Singham, the organizations he funded, or their leaders committed wire fraud, bank fraud, money laundering, or other financial crimes.

That is a meaningful escalation. For more than two years, the scrutiny of Singham lived in the world of congressional letters and questions about the Foreign Agents Registration Act (FARA) — whether groups funded by a man living in Shanghai and working alongside Chinese state media should have registered as foreign agents. A grand jury moves the matter from oversight letters into the territory of potential criminal exposure. It does not, however, mean charges will follow: grand juries investigate, and many investigations close without an indictment.

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Singham is not a foreign national; he is an American businessman. He founded the IT-consulting firm ThoughtWorks and sold it in 2017 for a reported $785 million to the London-based private-equity firm Apax Partners. A self-described socialist and admirer of Maoism, he then relocated to Shanghai. The same year, he married Jodie Evans, co-founder of the anti-war group Code Pink — a marriage that, by the timeline reporters have assembled, coincided with the start of his large-scale political giving in the United States.

The first comprehensive account of the network came from The New York Times in August 2023, which traced how Singham bankrolled media outlets and nonprofits whose output frequently echoed Chinese government talking points. The Times reported that he shares office space in Shanghai with a state-linked media company, attended Chinese Communist Party workshops on promoting the party internationally, and co-produced a YouTube show partly financed by a city propaganda department. Singham’s representatives have said he follows the law and funds causes he genuinely believes in — not at any government’s direction.

The five-part Fox News Digital investigation published in March 2026 put numbers to the network. It mapped 223 separate transactions from 2017 through 2025 that moved some $591 million across five continents through roughly 67 core groups, which in turn partner with about 2,000 allied organizations worldwide. Of that, about $278 million is the U.S.-facing figure now in the DOJ’s sights. Reporting describes large sums routed through a Goldman Sachs donor-advised fund and through now-defunct shell LLCs — structures that obscure who is ultimately writing the checks.

The recipients are a recognizable roster of the American activist left: Code Pink (Evans’s group, which received more than $1.4 million, roughly a quarter of its donations, from Singham-linked entities), The People’s Forum (reportedly more than $20 million), the Tricontinental Institute for Social Research, the media operation BreakThrough News, and the avowedly communist Party for Socialism and Liberation (PSL) and ANSWER Coalition. Pass-through vehicles named in the reporting include the United Community Fund and the Justice Education Fund. Goldman Sachs terminated its relationship with Singham in February 2024 after the giving first drew public scrutiny.

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“Singham funded the LA riots and used immigration and Mexicans as a Trojan horse for communism.”

Rep. Anna Paulina Luna (R-FL), on X — an allegation; the claim is contested and unproven

The DOJ probe did not arrive from nowhere. It follows a sustained, multi-committee congressional effort. The House Ways and Means Committee, chaired by Rep. Jason Smith (R-MO), held a February 2026 hearing — “Foreign Influence in American Non-profits: Unmasking Threats from Beijing and Beyond” — and sent demand letters to Tricontinental and BreakThrough News. The House Select Committee on the CCP, chaired by Rep. John Moolenaar (R-MI), joined Smith in an April 2026 letter urging the IRS to examine whether CCP-linked groups were abusing their tax-exempt status.

The House Oversight Committee, under Chairman James Comer (R-KY) and Task Force Chair Anna Paulina Luna (R-FL), pressed hardest. In September 2025 they asked Treasury Secretary Scott Bessent to weigh sanctions, asset freezes, or seizures against Singham-funded entities. In June 2026 they sought documents on Singham’s ties to the PSL, the group they connect to the Los Angeles anti-ICE riots — a request Singham has, by the committee’s account, ignored. On the Senate side, Judiciary Committee member Sen. Chuck Grassley (R-IA) wrote to the DOJ and FBI about Code Pink and The People’s Forum. These are allegations and lines of inquiry; the riot-funding link in particular is asserted by lawmakers and disputed by the groups, and remains unproven.

Strip away the heat and the established facts are these: an American who lives in Shanghai, works in proximity to Chinese state media, and openly admires Maoism has routed hundreds of millions of dollars — through donor-advised funds and shell companies that hide the source — into the loudest corners of American street politics. After two years of congressional letters, a federal grand jury is now asking whether any of that broke U.S. law on fraud, money laundering, or foreign-agent disclosure. That is a legitimate question for prosecutors to put to a grand jury, and the public record built by four committees is substantial.

It is also a question, not a verdict. Singham has not been charged; the activist groups he funds have a First Amendment right to organize and to take money from a like-minded benefactor, however unsavory his geography. The line the law draws is narrow and specific: disclosure, fraud, and acting at a foreign government’s direction. Whether Singham crossed it is exactly what the grand jury exists to decide. We will update this page as the DOJ acts, as the committees release findings, and if any indictment is returned.

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Last updated June 30, 2026