Federal Grand Jury Investigates Businessman for Funding Activist Groups

A federal grand jury is looking into a wealthy American businessman residing in China for allegedly financing left-wing activist organizations across the U.S.

Acting Attorney General Todd Blanche has sanctioned an investigation into Neville Roy Singham, who faces accusations of wire fraud, bank fraud, and money laundering linked to a financial network based in Shanghai. This network reportedly funneled about $278 million to charities associated with Goldman Sachs and other shell companies. Among the groups involved are Code Pink—a women’s peace organization—and entities like the People’s Forum and Tricontinental Institute for Social Research.

According to reports, Singham’s financial maneuvers, referred to as a “red web,” included 223 transactions that involved transferring $591 million globally, using 67 organizations to promote pro-China rhetoric.

In an official letter from the House Oversight Committee, Singham has been accused of financially supporting the Marxist Socialism and Liberation Party since June 2025. The committee expressed concerns that his activities might be on behalf of the Chinese Communist Party (CCP), which could violate the Foreign Agents Registration Act and other federal statutes.

Singham’s current wife, Jodi Evans, co-founded Code Pink in 2002. Since 2017, the organization has reportedly received over $1.4 million from Singham’s network, raising additional concerns about its financing, potential foreign funding, and connections to the CCP.

Singham has made controversial statements regarding capitalism, claiming that fascism is merely capitalism in crisis. He contends that the core struggle in society is between socialism and capitalism, rather than multiple systems, framing fascism as a response to revolutionary threats.

This narrative was echoed at a conference by the Tricontinental Institute, where Singham holds a position on the International Advisory Committee. His study criticized both conservatives and liberals who support free market principles, describing them as “monsters” perpetuating modern capitalism’s woes.

Representative Jason Smith voiced strong opinions about Singham, stating that he should be held accountable for his alleged ties to the CCP. Smith called for action, suggesting that it is time for justice regarding Singham’s financial dealings in the U.S.

The investigation is ongoing in the Southern District of New York, but as of now, no charges have been filed.