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.
“Ive 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 Singhams funding network, which has been critical in bankrolling those efforts.”
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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 Singham network use fiscal sponsorships so projects can avoid detection by law enforcement agencies and tax authorities. Cruz said he introduced the SPONSOR Act to “give law enforcement the tools they need to follow the money, close these loopholes and enforce accountability.”
According to a Fox News Digital investigation, Singham, a U.S. tech tycoon now living in Shanghai, has funneled $278 million into the broad network of nonprofits since 2017. The nonprofits regularly mobilize agitators for demonstrations across the country, including anti-ICE protests and anti-Israel protests, Fox News Digital has reported.
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Singham hasnt responded to repeated requests for comment that Fox News Digital has sent him over the past several months.
Singham routed his financial contributions through Goldman Sachs Donor Advised Philanthropy Fund For Wealth Management Inc., a donor-advised fund, including $22.44 million to People’s Forum Inc., a 501(c)(3) nonprofit hub for far-left activity in Manhattan.
Peoples Forum is connected to a slew of proxy organizations, such as Venceremos Brigade, a controversial organization that has worked with Cuban government officials for decades to bring American activists to Cuba for political and labor solidarity work. The donation page for the Venceremos Brigade identifies it as a fiscally-sponsored project of the Peoples Forum.
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