Grand Jury Examines $278 Million Network Tied to Shanghai Resident
A federal grand jury, five congressional committees, and Treasury pressure on Goldman Sachs all trace back to one U.S. citizen living in Shanghai and hundreds of millions in nonprofit flows.
The single most documented fact in this investigation is not an allegation: Neville Roy Singham, a U.S. citizen who co-founded and profited from the sale of technology consulting firm ThoughtWorks, resides in Shanghai and has made financial contributions to at least seven U.S.-based nonprofit organizations — contributions that a federal grand jury is now examining as of mid-2026. That is what the public record shows. Everything downstream of that fact is either documented, alleged, or as-yet-hidden — and the distinctions matter enormously to any honest accounting.
The financial architecture documented in congressional records runs from Singham through at least two intermediate U.S. entities — the United Community Fund and the Justice Education Fund, both characterized in a House Oversight Committee release as having 'almost no real footprint' — and then outward to operating organizations including The People's Forum, Code Pink, BreakThrough News, and Tricontinental: Institute for Social Research. House Ways and Means Committee Chairman Jason Smith (R-MO) issued letters to The People's Forum in September 2025, to Tricontinental and BreakThrough News on February 9, 2026, and convened a formal hearing the following day titled 'Foreign Influence in American Non-profits: Unmasking Threats from Beijing and Beyond.' When voluntary document production failed, the committee issued subpoenas to all three organizations. The Ways and Means Committee also referred eleven tax-exempt organizations to the IRS for possible revocation of their tax-exempt status.
The most specific dollar figure in the public record comes from Senator Tom Cotton (R-AR), whose November 7, 2025 letter to the Department of Justice alleged that Code Pink received more than $1.4 million from Singham-linked sources between 2017 and the date of the letter — a sum Cotton characterized as representing approximately one-quarter of Code Pink's total funding during that period. If that proportional claim is accurate, it implies Code Pink raised roughly $5.6 million in total over the period, with Singham-connected money constituting a material share. Code Pink was co-founded by Jodie Evans, and secondary reporting has identified Evans as Singham's spouse, though that relationship is not confirmed in the primary congressional documents reviewed for this report. Senator Charles Grassley (R-IA) separately wrote to Attorney General Pam Bondi requesting a FARA enforcement review for both The People's Forum and Code Pink.
The aggregate '$278 million network' figure, cited in a July 30, 2026 report attributed to a Senate source, represents the claimed total financial scale of the organizations linked to Singham — not a single transfer and not a figure broken down by organization, year, or the proportion traceable to Singham versus other donors. That distinction is analytically critical. A network of nonprofits collectively holding or moving $278 million over years of operation is a different claim than $278 million flowing from a single foreign-connected source. No IRS Form 990 aggregate, no Treasury report, and no court filing publicly available as of this writing reproduces that figure with a granular breakdown. The figure should be understood as a characterization, not an audited total.
The involvement of Treasury Secretary Scott Bessent, who according to the July 30, 2026 WLT Report pressed Goldman Sachs to cooperate with the Department of Justice's money-tracing effort, is among the most significant escalatory steps documented. Treasury pressure on a private financial institution to assist a criminal investigation suggests the DOJ has reason to believe transaction records at Goldman Sachs are material to understanding fund flows. The specific nature of Goldman Sachs's connection to the network — whether as a depository institution, a wire transfer intermediary, or another capacity — has not been specified in any public document reviewed for this report, and Goldman Sachs has not issued a public statement on the matter.
The central unresolved and contested question — and this newspaper will not paper over it — is whether Singham acts at the direction of or in coordination with the Chinese Communist Party. Congressional letters assert this relationship; Senator Grassley's letter characterizes Singham as someone who 'works closely with the Chinese government media machine and is financing its propaganda worldwide,' according to the International Center for Not-for-Profit Law's compilation of the congressional record. But as of the date of publication, no declassified intelligence assessment, no court finding, no indictment, and no guilty plea establishes that the Chinese government directed funds to any named U.S. protest organization. The documented chain runs through Singham, who is a U.S. citizen, making the legal exposure hinge on questions of agency, coordination, and intent that are precisely what the grand jury is tasked with resolving.
What remains hidden is substantial. The IRS Form 990 filings for the United Community Fund and the Justice Education Fund — the alleged pass-through intermediaries — have not been publicly reproduced or analyzed in the congressional record available for public review; pulling those filings from the IRS Tax Exempt Organization Search database or ProPublica Nonprofit Explorer would establish board membership, registered agents, revenue sources, and grant recipients with legal precision. The specific federal district in which the grand jury is seated has not been disclosed, preventing public monitoring of docket activity. The mechanism by which Singham allegedly coordinates with Chinese state media — if it exists — has not been documented in any public filing. And the complete list of the eleven organizations referred by Ways and Means to the IRS has not been made public, meaning donors, beneficiaries, and the general public cannot know which tax-exempt entities are under active federal tax review. A Freedom of Information Act request to the IRS, combined with a review of all Form 990s for the named intermediary funds and a PACER search of federal grand jury districts most proximate to the organizations' operating addresses, would close the most significant remaining gaps in the documented record.