The Justice Department has launched a federal grand jury investigation into alleged financial irregularities by China-based US businessman Neville Roy Singham. Fox News reported that a grand jury in Manhattan issued the subpoena as part of an investigation launched by Jay Clayton, the U.S. attorney for the Southern District of New York. Acting US Attorney General Todd Blanche authorized the investigation as the Trump administration seeks to crack down on fraud, money laundering and other financial crimes in the billion-dollar nonprofit industry.Earlier, Fox News had reported that Singham invested $285 million from his base in Shanghai into a Goldman Sachs philanthropy fund and two shell corporations, which then funneled the money to a host of non-profit organizations, media operations and activist groups fueling sectarian division, identity politics and the support of socialist politicians.“The investigation is examining the movement of money in Singham’s financial network and attempting to determine whether Singham, the organizations he funded or their leaders committed wire fraud, bank fraud, money laundering or other financial crimes,” the report said.
‘Goldman Sachs may face investigation’
Treasury Secretary Scott Besant traveled to New York City earlier this year and met with Goldman Sachs Chairman and CEO David Solomon. People discussed the role of Goldman Sachs’ philanthropic arm – GS Donor Advised Philanthropy Fund for Wealth Management Inc. – which facilitated the movement of millions of dollars by Singham into a network of US nonprofits. Besant reportedly gave an ultimatum to the CEO that Goldman Sachs could face investigation for alleged conspiracy in Singham’s money transactions.Goldman Sachs has a long business relationship with the Chinese Communist Party, with Solomon attending a meeting, for example, on November 4, 2025 with He Lifeng, a member of the Political Bureau of the Central Committee of the Communist Party of China and director of the Office of Financial and Economic Affairs of the Central Commission. A Goldman spokesperson told Fox News Digital that the company ended its relationship with Essingham in February 2024 after an initial round of public scrutiny regarding his donations to far-left causes.