Jim Banks, GOP lawmakers rally behind DOJ probe into alleged CCP-linked funding network
FIRST ON FOX: Top members of Congress are supporting a federal grand jury investigation into alleged financial crimes committed by Neville Roy Singham, tied to his funding of socialist, communist and Marxist organizations.
According to a Fox News Digital investigation, Singham has funneled $278 million into the broad network of nonprofits since 2017. As reported, Acting U.S. Attorney General Todd Blanche authorized a grand jury in Manhattan to issue subpoenas as part of a probe of Singham's financial network. The investigation was launched by U.S. Attorney Jay Clayton for the Southern District of New York, one of the country's most powerful districts for federal prosecutions. Singham hasn’t responded to repeated requests for comment that Fox News Digital has sent him over the past several months.
"Neville Singham is a traitor to our country. He has ties to the CCP," Sen. Jim Banks, R-Indiana, told Fox News Digital. "He is an American citizen, but all of his loyalties lie with the Chinese Communist Party. And when you begin to untangle the web of his massive fortune and his philanthropic activities, the money that he sends to left-wing groups in America, and not just groups that espouse ideologies, but espouse violence."
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Last April, Banks sounded the alarm about the Singham network, calling on former Attorney General Pam Bondi to investigate CodePink, a 501(c)(3) nonprofit that has received funds from Singham. Co-founded by Singham’s wife, Jodie Evans, CodePink hasn’t responded to repeated requests for comment. Neither has Evans.
Earlier this year, Treasury Secretary Scott Bessent traveled to New York City for a meeting with Goldman Sachs Chairman and CEO David Solomon, and sources told Fox News Digital that Bessent gave a blunt ultimatum to Solomon.
Bessent told Solomon that Goldman Sachs could face scrutiny for alleged conspiracy in the funneling of the Singham money and urged Solomon to cooperate with federal investigators.
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A person familiar with the meeting told Fox News Digital that the discussion wasn't contentious and that Solomon readily agreed to pledge his cooperation with the Justice Department investigation. A spokesperson for the bank said "all distributions from Mr. Singham’s donor-advised fund were made to legal nonprofits, as determined by the IRS. There have been no distributions from the account since August 2023, and it was closed in early 2024."
Banks serves on the Senate Banking Committee, which is responsible for bank oversight and regulation. The Indiana senator explained that Goldman’s cooperation is welcome news, but that Wall Street should be more cautious about working with individuals tied to "our biggest enemy."
"It sounds like Goldman wants to put this to bed," Banks explained. "They want to do their part to help the investigation. But Wall Street should know that you can't get away with helping our biggest enemy. You can't get away with helping the Chinese Communist Party through money funneled through tech billionaires like Neville Singham. You will be held accountable for that."
In his letter to Bondi, Banks also raised concerns about CodePink potentially violating the Foreign Agents Registration Act (FARA). The law requires individuals or entities acting as agents of foreign principals to register as foreign agents and publicly disclose their finances and relationships.
"CodePink has clearly become an agent of CCP influence in the United States. Despite activities and funding so blatant that even the New York Times acknowledged the organization’s activities ‘usually require’ groups to register under FARA, Code Pink has not registered with the DOJ," the letter read.
A number of lawmakers weighed in on news of the DOJ’s recent grand jury probe of Singham’s finances, including Rep. Pat Fallon (R-Texas), who is running for chairman of the House Oversight Committee.
Fallon recently announced his run with Fox News Digital and said at the time that holding accountable nonprofits aligned with the CCP and tied to Singham would be one of his priorities if he secured the chairmanship.
"Far-left NGOs are the means by which U.S. adversaries like communist China work to undermine our country," Fallon told Fox News Digital on Tuesday. "Groups like CodePink, which Singham has funded, openly spew CCP propaganda. Their objective is to spark division, resentment and unrest."
"My colleagues and I on the House Oversight Committee have been committed to dismantling the dark network of communist NGOs, which is why we sent a letter to the DOJ earlier this year urging them to expose these groups for what they really are. We cannot stop until we put an end to the communist threat facing our Republic here at home."
House Ways and Means Committee Chairman Jason Smith, R-Mo., who launched an investigation into the Singham nonprofit network last year, took to social media to say the grand jury investigation is overdue.
"It’s about time he is brought to justice, and he is held accountable for his ties to the CCP," Smith said on X. For years, critics like Smith have alleged that Singham has used the generous tax status awarded to tax-exempt nonprofit organizations to fund left-wing chaos in streets across the country.
A Fox News Digital investigation uncovered a video that showed Singham calling for a "new world order' promoted by Chinese President Xi Jinping and the Chinese Communist Party during the "Global South Academic Forum," in Beijing last year.
Singham has funneled millions into a network of nonprofits that regularly mobilize agitators for demonstrations across the country, including anti-ICE protests and anti-Israel protests.
His financial contributions, which were routed through Goldman Sachs Donor Advised Philanthropy Fund For Wealth Management Inc., include an estimated $22.44 million to People's Forum Inc., a hub for far-left activity in Manhattan, and at least $223 million and other forms of support into a global network of organizations.