Those angry anti-ICE and anti-Israel demonstrations are often presented as spontaneous eruptions of grassroots outrage.
Senator Jim Banks just told the country to follow the money.
What he described on the Senate floor leads through a $278 million nonprofit network and all the way to Shanghai.
Banks accused American tech millionaire Neville Roy Singham of using that network to advance Chinese Communist Party “political warfare” inside the United States.
Banks laid out the charge in blunt terms:
The allegation is now sitting at the center of congressional subpoenas, a federal grand jury investigation, and growing scrutiny of the tax-exempt organizations bankrolling disruptive protests across the country.
Fox News reports that Singham, a 72-year-old American who now lives in Shanghai, sold his technology company for $785 million in 2017. Since then, investigators say he has moved $278 million into a broad network of nonprofits associated with anti-ICE, anti-Israel, and pro-Iran demonstrations.
The network includes organizations that mobilize protesters, produce media, provide training, and move money through donor-advised funds and nonprofit intermediaries. Banks told the Senate that the structure gives political activity the appearance of a homegrown movement while obscuring a financing operation tied to an American millionaire working from China.
The Justice Department is now examining possible financial crimes, and Congress is separately investigating whether American tax law has been exploited to hide foreign-linked influence.
Banks said Singham shares office space in Shanghai with a Chinese propaganda outlet whose stated mission is to “tell China’s story well.”
He also pointed directly at Code Pink.
The group’s co-founder, Jodie Evans, is married to Singham. Banks said Code Pink once criticized China’s human-rights abuses but changed course after Singham began funding the organization, and it now publicly insists that “China is not our enemy.”
The current investigation reaches beyond protest slogans. A federal grand jury is examining the network’s finances, and Treasury Secretary Scott Bessent has pressed Goldman Sachs to cooperate with the Justice Department’s effort to trace how Singham-linked money moved through the financial system.
The financial trail is no longer just the subject of political speeches.
The House Ways and Means Committee says it issued subpoenas to BreakThrough News, Tricontinental, and The People’s Forum after the three tax-exempt organizations failed to produce records requested during an investigation into foreign-linked funding. Lawmakers first sought the material in 2025 and renewed their demands earlier this year.
The committee now wants contracts, communications with Singham and other foreign principals, records of donations above $5,000 from foreign nationals or organizations, fiscal-sponsorship agreements, and information about overseas grant recipients.
Chairman Jason Smith says the inquiry will test whether foreign-linked money was routed through shell companies and donor-advised funds to conceal its origin before reaching groups operating inside the United States. The committee is also examining whether current tax law gives the public enough visibility into those arrangements.
The subpoenas demand documents covering foreign donors, shell companies, donor-advised funds, fiscal sponsorship arrangements, communications with Singham, and contacts with foreign principals.
Committee Chairman Jason Smith says public reporting has traced hundreds of millions of dollars through financial structures that concealed where the money originated before it reached the organizations.
The People’s Forum alone received more than $20 million from the Singham network, according to the committee’s earlier investigation.
Congress is trying to determine whether existing tax laws provide enough transparency to expose foreign-linked money moving through American tax-exempt organizations.
Tax-exempt status is a privilege paid for by every American taxpayer.
If foreign-linked money is being routed through American nonprofits to spread CCP propaganda, shut down roads and airports, disrupt public life, or inflame violence, Americans are watching hostile activism financed through a system they subsidize.
They may be subsidizing it.
The confrontation moved from financial records to the Capitol hallways this week when Code Pink activists pressed Senator Rick Scott about the conflict with Iran.
Scott turned the questioning around and asked whether they were bothered by Hamas’ October 7 attack.
The activists did not answer his question.
The Justice Department investigation adds another layer.
A grand jury in the Southern District of New York is investigating possible financial crimes involving the Singham network. Acting Attorney General Todd Blanche authorized the probe, and Treasury Secretary Scott Bessent has urged Goldman Sachs to cooperate with investigators examining how the money moved.
Singham has not been charged with a crime.
He and Evans have not responded to repeated requests for comment about the latest allegations. Goldman Sachs says all distributions from Singham’s donor-advised fund went to organizations legally recognized as nonprofits, no distributions occurred after August 2023, and the account closed in early 2024.
Those facts belong in the record.
So does the larger question now facing Congress and the Justice Department.
How much foreign-linked money has been allowed to flow through America’s tax-exempt system while financing organizations that divide Americans, excuse hostile regimes, and disrupt the country from within?
For years, the political class lectured Americans about foreign interference while treating China-linked influence on the radical left as an uncomfortable subject best left alone.
That blind spot is closing.
Banks is naming names. Congress is issuing subpoenas.
President Trump’s Justice Department is following the money.
And a network that counted on darkness is suddenly being dragged into the light.
This is a Guest Post from our friends over at 100 Percent Fed Up. View the original article here.
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[ H/T WLT Report ]
