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🚨 BREAKING: DOJ opens grand jury investigation into Marxist tycoon Neville Roy Singham and alleged money laundering or other financial crimes from his base in China to funding far-left nonprofits in the U.S. and the world WATCH how the money flows. READ our @FoxNews Digital exclusive: What I've learned from people familiar with the investigation: 🚨 U.S. Attorney Jay Clayton for the Southern District of New York, one of the country's most powerful districts for federal prosecutions, has launched a federal grand jury investigation into American Marxist tycoon Neville Roy Singham's financial network, examining potential financial crimes including wire fraud, bank fraud and money laundering from his base in Shanghai, where he funds groups supporting the Chinese Communist Party. 🚨 Acting U.S. Attorney General Todd Blanche authorized the investigation as the Trump administration seeks to crack down on fraud, money laundering and other financial crimes in the multibillion-dollar nonprofit industry. 🚨 Treasury Secretary Scott Bessent traveled to New York City earlier this year for a meeting with Goldman Sachs Chairman and CEO David Solomon. The men discussed the role of a Goldman Sachs philanthropic arm — GS Donor Advised Philanthropy Fund For Wealth Management Inc. — that facilitated the movement by Singham of millions of dollars into a network of U.S. nonprofits. At that meeting, sources said, Bessent delivered a blunt ultimatum: Goldman Sachs could face scrutiny for alleged conspiracy in the funneling of the Singham money and urged Solomon to cooperate with federal investigators. Goldman Sachs is cooperating with the investigation. 🚨 Federal prosecutors are examining a financial structure that follows the three stages investigators often analyze in alleged money laundering: placement, layering and integration. Treasury, DOJ and Goldman Sachs declined to comment. Singham, his wife Jodie Evans -- also under investigation -- and the organizations in the Singham network didn't respond to numerous requests for comment. STEP 1: ALLEGED PLACEMENT According to the reporting, approximately $278 million entered the U.S. financial system through three entities: 🔴 Mutod LLC — $164,040,000 🔴 GS Donor Advised Philanthropy Fund for Wealth Management Inc. (Goldman Sachs) — $110,376,701 🔴 Likewise Conceptions LLC — $3,500,000 STEP 2: ALLEGED LAYERING Those funds were then allegedly routed through six nonprofit organizations: 🔴 $167,540,000 to People's Support Foundation Ltd., a 501(c)(3) nonprofit established with a hotel address in 2017 in Chicago and Singham's wife, Evans, on the board. 🔴 $68,748,701 to Justice and Education Fund Inc., a 501(c)(3) established with a UPS Store address in 2018 in New York City with self-avowed communists, including Manola De Los Santos, on the board. 🔴 $22,440,000 to People's Forum Inc., a 501(c)(3) established in 2017 on W. 37th Street in New York City with Evans and De Los Santos on the board. 🔴 $16,760,000 to Tricontinental Ltd., a 501(c)(3) established in North Hampton, Mass., in 2017 by Singham friend and fellow Marxist ideologue Vijay Prashad. 🔴 $1,330,000 to CodePink Women For Peace, a 501(c)(3) established in 2009 in Marina Del Ray, Calif., by Singham's wife, Evans, and her friend, Susan Medea Benjamin. 🔴 $1,098,000 to Breakthrough BT Media Inc., a 501(c)(3) established in New York City in 2020 at the People's Forum headquarters with longtime American communist leader Brian Becker's son, Ben Becker, as editor-in-chief of its pro-communist propaganda outlet, Breakthrough News. STEP 3: ALLEGED INTEGRATION According to the reporting, those organizations then distributed funding and support into a broader activist network that included: 🔴 People's Welfare Association 🔴 ANSWER Coalition 🔴 Party for Socialism and Liberation 🔴 Numerous organizations operating across Sub-Saharan Africa, Central America, North America and other regions. Federal prosecutors have issued grand jury subpoenas seeking bank records and financial documents as they determine whether criminal charges are warranted. A grand jury investigation is an investigative process, not a finding of guilt. For this reporting, I traced hundreds of financial transactions, nonprofit filings and corporate records documenting how money allegedly moved through this network. WATCH the money flow. 🧵

Comcast is planning to separate its media and entertainment arm including NBCUniversal and Sky from its mobile and broadband business in a bid to reverse a sharp decline in its share price.

The memory supply-demand gap will keep widening through 2027. That is the real reason Apple is lobbying the White House to keep CXMT off the Entity List. ▌Start with my latest industry checks: The pressure on Apple has shifted from soaring memory costs to a widening supply gap. 1. Of the memory capacity allocated to consumer electronics in 2026, an estimated 15–20% is expected to shift to data centers in 2027, and that share could grow. 2. Due to tight memory (LPDDR) supply, Apple's actual pull-in volume of A20 chips in 2H26–1Q27 could be 10–20% below its original target (though part of that may reflect Apple’s own overbooking). ▌CXMT states in its IPO prospectus that its capacity is far below domestic demand. Given the persistent global memory imbalance, even if Apple’s lobbying succeeds and it buys DRAM from CXMT, that would not materially lower costs or fill the supply gap. Still, with the imbalance widening, Apple has every reason to secure an additional source. ▌This also explains why Apple is being more proactive this time than it was when it evaluated YMTC in 2022. YMTC was mainly about lowering NAND costs; CXMT is about managing DRAM supply risk. ▌Tim Cook is one of the few tech leaders who can still navigate both Washington and Beijing, so this is better handled before he steps down as CEO. Even if the effort goes nowhere, the media coverage can still leave the market with the impression that Apple tried but was constrained by U.S. policy. That may help ease frustration over price hikes and longer delivery times.

BREAKING: Elon Musk confirms Grok 4.5 is now in private beta at SpaceX and Tesla. • Early evals show performance close to, possibly exceeding Opus • Based on xAI’s 1.5T V9 foundation model • Trained with Cursor data added • Grok Build harness is getting better every day • New models trained from scratch will be released every month this year The pace at SpaceXAI is absolutely insane.

Grok 4.5, based on our 1.5T V9 foundation model, with Cursor data added in supplemental training, is now in private beta at SpaceX & Tesla. Early evals show performance close to, perhaps exceeding Opus. RL is continuing to significantly improve the model, and the Grok Build harness gets better every day. Nice work by all those involved! Completely trained from scratch new models will be released by @SpaceX every month this year.