House Panel Subpoenas Far-Left Groups Linked To China-Based Marxist Financier Neville Singham
The House Ways and Means Committee has issued subpoenas to three organizations: the New York-based People’s Forum, the media outlet BreakThrough News, and the Tricontinental: Institute for Social Research. The panel is investigating more than $39 million in funding connected to Neville Roy Singham, a China-based technology financier known for promoting Marxist ideas and revolutionary change in the United States.
According to documents obtained by Fox News, the Republican-led committee has ordered these groups to turn over financial records by August 7. Lawmakers are looking into whether Singham channeled money through shell companies and donor-advised funds in a manner that concealed its source, and whether existing U.S. tax-exemption rules sufficiently guard against foreign influence on nonprofit entities.
Reporting has indicated that Singham-linked contributions included approximately $22.4 million to the People’s Forum, $16.8 million to Tricontinental, and about $1.1 million to BreakThrough News’ parent organization. The committee noted that the network has not yet provided any documents in response to earlier information requests. Lawyers representing the nonprofits have questioned the panel’s authority and purpose, citing free-speech and press-protection issues. Committee members responded that their focus remains on financial structures and arrangements rather than the groups’ political positions.
A separate federal probe, authorized for the U.S. Attorney’s Office in the Southern District of New York, is examining possible wire fraud, bank fraud, money laundering, or related financial offenses involving Singham, the funded nonprofits, or their leaders. No charges have been filed. Investigations have also tracked roughly $285 million that moved through a Goldman Sachs donor-advised fund and related shell entities before reaching U.S. nonprofits, with a wider total of about $591 million flowing across five continents between 2017 and 2025.
Treasury Secretary Scott Bessent has met with Goldman Sachs leadership to discuss the bank’s philanthropic activities in this context. Attention has centered on the fiscal-sponsorship arrangement, under which one nonprofit can sponsor another, allowing the sponsored group to operate without its own tax-exempt status or public financial disclosures. Officials have suggested that revisions to Form 990 reporting requirements and stronger Internal Revenue Service oversight could address this gap. The House Ways and Means Committee is supporting efforts to close the loophole.
Concerns raised include the possibility that networks linked to adversarial foreign governments could use major financial institutions’ donor-advised funds to hide original donors, then direct resources through established nonprofits to activist groups involved in demonstrations. At a recent State Department gathering focused on far-left political violence, Bessent outlined Treasury’s work to identify and disrupt concealed illicit funding streams. Separately, the State Department has released findings alleging Cuban-linked networks have long supported radical leftist activity in the United States and elsewhere.
These actions form part of a wider push by the current administration and partner governments to interrupt nonprofit funding channels alleged to support far-left political violence and revolutionary movements.
