The Justice Department has launched an investigation into Neville Roy Singham’s financing of Goldman Sachs, Fox News reported.
The Department of Justice has launched a federal grand jury investigation into alleged financial improprieties committed by Neville Roy Singham, an American businessman based in China.
Fox News reported that the grand jury in Manhattan issued a subpoena as part of an investigation launched by US Attorney Jay Clayton for the Southern District of New York. Acting US Attorney Todd Blanche authorized the investigation as the Trump administration seeks to crack down on fraud, money laundering and other financial crimes in the multi-billion-dollar nonprofit industry.Earlier, Fox News reported that Singham funneled $285 million from his base in Shanghai to a Goldman Sachs philanthropic fund and two shell companies that then fueled a constellation of nonprofits, media operations and activist groups pushing sectarian divide, identity politics and supporting socialist politicians.“The investigation examines the movement of funds in Singham’s financial network and attempts to determine whether Singham or the organizations he finances or its leaders committed bank fraud, wire fraud, money laundering or other financial crimes,” the report said.
“Goldman Sachs may face scrutiny.”
Treasury Secretary Scott Besent traveled to New York City earlier this year and met with Goldman Sachs Chairman and CEO David Solomon. The men discussed the role of Goldman Sachs’ philanthropic arm – the GS Donor Advised Philanthropy Fund For Wealth Management Inc.
– Which facilitated Singham’s transfer of millions of dollars to a network of non-profit organizations in the United States. Besant reportedly presented an ultimatum to the CEO that Goldman Sachs could face scrutiny over alleged conspiracy in diverting Singham’s funds.Goldman Sachs has had a long working relationship with the Chinese Communist Party, with Solomon, for example, participating in a meeting on November 4, 2025 with He Lifeng, a member of the Political Bureau of the Communist Party of China Central Committee and director of the Office of the Central Committee for Financial and Economic Affairs. A Goldman spokesperson told Fox News Digital that the company ended its relationship with Singham in February 2024 after an initial round of public scrutiny over his donations to far-left causes.
