Banks told Fox News Digital that Singham is using his wealth to advance Chinese Communist Party interests by funding U.S. activist groups, saying Congress should 'hold him accountable.'
FIRST ON FOX: Sen. Ted Cruz, R-Texas, is doubling down on his bill that would strip the tax-exempt status of individuals and organizations that funnel funds to nonprofits engaging in political violence as the Justice Department probes the finances of far-left financier Neville Roy Singham.
Fox News Digital learned that Acting Attorney General Todd Blanche authorized the investigation by U.S. Attorney for the Southern District of New York Jay Clayton into the financial workings of a network of nonprofits funded by Singham.
"I’ve long said that Democrat billionaires are funding left-wing political violence to push anti-American and foreign-aligned interests through tax-exempt entities," Cruz told Fox News Digital. "The DOJ is absolutely right to investigate Neville Roy Singham’s funding network, which has been critical in bankrolling those efforts."
Sen. Ted Cruz (R-TX) holds a press conference with families who lost loved ones in the January 29, 2025, DCA plane crash on December 15, 2025, at the U.S. Capitol in Washington, D.C. The bipartisan press conference addressed the National Defense Authorization Act (NDAA) language, which changes military airspace policy. (Heather Diehl/Getty Images)
PROBE INTO 'SUBVERSIVE' ANTI-AI SINGHAM NETWORK IS 'ENORMOUS,' FORMER TREASURY ADVISOR SAYS
In March, Cruz introduced the Stop Proxy Organizations Nurturing Subversive Operations and Riots Act, or SPONSOR Act, which would amend the Internal Revenue Code to expand the liability of 501(c)(3) nonprofits for the groups they fund or sponsor. Under the legislation, such nonprofits would be criminally and civilly liable for violations of the law by their sponsored entities.
Critics allege that nonprofits in the
