Goldman Sachs Agrees to Cooperate with Federal Probe into Billionaire Neville Roy Singham
The meeting between Solomon and Chinese leaders came as the US government is increasingly scrutinizing the financial ties between American companies and the Chinese Communist Party. According to sources, the Southern District of New York investigation is also examining whether Singham's financial network has any links to the Chinese government or its affiliates.
The probe has sparked concerns among some nonprofit organizations that received funding from Singham's network, with some groups expressing worries about potential repercussions. Meanwhile, prosecutors are continuing to present evidence to the grand jury, which is expected to hear testimony from key witnesses in the coming weeks.
As the investigation unfolds, attention is turning to the role of Goldman Sachs and other financial institutions in facilitating the movement of Singham's funds. The Treasury Department has been reviewing the bank's philanthropic activities, including its relationship with the GS Donor Advised Philanthropy Fund For Wealth Management Inc., which was used by Singham to channel millions of dollars into US nonprofits.
The Southern District of New York's investigation into Singham's financial dealings is part of a broader effort by the US government to crack down on financial crimes and money laundering in the nonprofit sector. The probe is being closely watched by lawmakers and regulators, who are seeking to ensure that nonprofit organizations are transparent about their funding sources and activities.
He Lifeng, a high-ranking member of the Communist Party of China, met with David Solomon, chairman and CEO of Goldman Sachs Group, in Beijing on April 4, 2025. This meeting coincided with a conference of the "Global South Academic Forum" in November 2025, where Singham delivered a speech at the Golden Tulip Hotel. During the speech, Singham expressed support for a "new world order" promoted by Chinese President Jinping and the Chinese Communist Party, referring to the United States as a "fascist" nation.
Singham's speech was part of a broader pattern of behavior, as outlined in a 172-page report that detailed his theory of change, inspired by Mao Zedong's battle plan to wage a "people's war" to spread communism. This report has raised concerns among lawmakers, who are alarmed by Singham's $278 million network spreading Chinese Communist Party propaganda in the US.
Singham's rise as a global political financier gained momentum after his marriage to Jodie Evans, co-founder of the far-left activist group Code Pink, in February 2017. Evans has emerged as a target of the investigation, serving as a board member for many of the organizations funded by Singham. The same year, Singham sold his company, ThoughtWorks, for an estimated $785 million to Apax Partners, a London-based private equity firm.
Following the sale, Singham began directing large sums of money into a network of organizations, forming part of a broader activist infrastructure in the US and abroad. An investigation has mapped 223 transactions from 2017 to 2025, moving $591 million across five continents through 67 core groups in the Singham network. These groups partner with hundreds of others worldwide, resulting in a network of about 2,000 groups that amplify anti-US, pro-China messages.
Of the $591 million, $278 million has been documented to have flowed directly from Singham into organizations that "sow discord" in the US. In money-laundering investigations, prosecutors typically examine three stages of alleged impropriety: "placement," "layering," and "integration." The investigation into Singham's financial dealings is likely to focus on these stages to determine the extent of his involvement in potential money laundering activities.
The six nonprofits then funneled at least $223 million and other forms of support into a global network of organizations, including activist groups, think tanks, and community organizations. This network has been instrumental in promoting anti-US and pro-China messages, often under the guise of social justice and human rights advocacy.
An examination of the financial transactions reveals a complex web of money laundering and potential corruption. The use of shell corporations and philanthropic arms of major financial institutions has raised concerns about the lack of transparency and accountability in the flow of funds.
The investigation into Singham's financial dealings is expected to shed light on the extent of his involvement in potential money laundering activities and the role of his network in promoting Chinese Communist Party propaganda in the US. As lawmakers and regulators scrutinize the flow of funds, they are likely to focus on the three stages of alleged impropriety: placement, layering, and integration.
The global network of organizations funded by Singham's network has been linked to various high-profile campaigns and movements, including those promoting socialist and progressive ideologies. The influence of this network can be seen in the rise of socialist politicians and the growing popularity of anti-US and pro-China rhetoric in certain circles.
As the investigation continues, it is likely to have significant implications for the global political landscape and the role of foreign influence in shaping domestic politics. The use of shell corporations, philanthropic arms, and complex financial transactions to promote ideological agendas raises important questions about the integrity of democratic systems and the need for greater transparency and accountability.
The probe has sparked concerns among some nonprofit organizations that received funding from Singham's network, with some groups expressing worries about potential repercussions. Meanwhile, prosecutors are continuing to present evidence to the grand jury, which is expected to hear testimony from key witnesses in the coming weeks.
As the investigation unfolds, attention is turning to the role of Goldman Sachs and other financial institutions in facilitating the movement of Singham's funds. The Treasury Department has been reviewing the bank's philanthropic activities, including its relationship with the GS Donor Advised Philanthropy Fund For Wealth Management Inc., which was used by Singham to channel millions of dollars into US nonprofits.
The Southern District of New York's investigation into Singham's financial dealings is part of a broader effort by the US government to crack down on financial crimes and money laundering in the nonprofit sector. The probe is being closely watched by lawmakers and regulators, who are seeking to ensure that nonprofit organizations are transparent about their funding sources and activities.
He Lifeng, a high-ranking member of the Communist Party of China, met with David Solomon, chairman and CEO of Goldman Sachs Group, in Beijing on April 4, 2025. This meeting coincided with a conference of the "Global South Academic Forum" in November 2025, where Singham delivered a speech at the Golden Tulip Hotel. During the speech, Singham expressed support for a "new world order" promoted by Chinese President Jinping and the Chinese Communist Party, referring to the United States as a "fascist" nation.
Singham's speech was part of a broader pattern of behavior, as outlined in a 172-page report that detailed his theory of change, inspired by Mao Zedong's battle plan to wage a "people's war" to spread communism. This report has raised concerns among lawmakers, who are alarmed by Singham's $278 million network spreading Chinese Communist Party propaganda in the US.
Singham's rise as a global political financier gained momentum after his marriage to Jodie Evans, co-founder of the far-left activist group Code Pink, in February 2017. Evans has emerged as a target of the investigation, serving as a board member for many of the organizations funded by Singham. The same year, Singham sold his company, ThoughtWorks, for an estimated $785 million to Apax Partners, a London-based private equity firm.
Following the sale, Singham began directing large sums of money into a network of organizations, forming part of a broader activist infrastructure in the US and abroad. An investigation has mapped 223 transactions from 2017 to 2025, moving $591 million across five continents through 67 core groups in the Singham network. These groups partner with hundreds of others worldwide, resulting in a network of about 2,000 groups that amplify anti-US, pro-China messages.
Of the $591 million, $278 million has been documented to have flowed directly from Singham into organizations that "sow discord" in the US. In money-laundering investigations, prosecutors typically examine three stages of alleged impropriety: "placement," "layering," and "integration." The investigation into Singham's financial dealings is likely to focus on these stages to determine the extent of his involvement in potential money laundering activities.
The six nonprofits then funneled at least $223 million and other forms of support into a global network of organizations, including activist groups, think tanks, and community organizations. This network has been instrumental in promoting anti-US and pro-China messages, often under the guise of social justice and human rights advocacy.
An examination of the financial transactions reveals a complex web of money laundering and potential corruption. The use of shell corporations and philanthropic arms of major financial institutions has raised concerns about the lack of transparency and accountability in the flow of funds.
The investigation into Singham's financial dealings is expected to shed light on the extent of his involvement in potential money laundering activities and the role of his network in promoting Chinese Communist Party propaganda in the US. As lawmakers and regulators scrutinize the flow of funds, they are likely to focus on the three stages of alleged impropriety: placement, layering, and integration.
The global network of organizations funded by Singham's network has been linked to various high-profile campaigns and movements, including those promoting socialist and progressive ideologies. The influence of this network can be seen in the rise of socialist politicians and the growing popularity of anti-US and pro-China rhetoric in certain circles.
As the investigation continues, it is likely to have significant implications for the global political landscape and the role of foreign influence in shaping domestic politics. The use of shell corporations, philanthropic arms, and complex financial transactions to promote ideological agendas raises important questions about the integrity of democratic systems and the need for greater transparency and accountability.
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