Summary:How Soros Tax-Exempt Syndicate Laundered Charitable Donations Into Political Support and Ground Operations for Mamdani
11/02/2025
Summary of the report on White Collar Fraud
This investigative report by forensic accountant Sam Antar, published on October 28, 2025, alleges a coordinated network of tax-exempt organizations—primarily funded by George Soros-linked entities—funneled over $40.9 million in charitable donations (plus $52 million in government grants) into political endorsements, ground operations, and support for Zohran Mamdani’s 2025 New York City mayoral campaign. Drawing on public IRS Form 990 filings, FEC reports, grant databases, and organizational disclosures, the author claims this setup violates U.S. tax laws by converting tax-deductible contributions into undisclosed political activities, creating “tax arbitrage” that benefits donors while deceiving voters and regulators. The report includes a supplemental IRS whistleblower complaint and positions the scheme as part of a larger “generational political machine.”Core AllegationsAntar accuses six ostensibly independent organizations of concealing their ties and funding sources while endorsing Mamdani and executing overlapping voter outreach (e.g., at least 95,500 door knocks and 30,000 phone calls, rivaling the campaign’s 1.6 million doors). Key issues include:
Hidden Coordination: Public admissions of “partnerships” (e.g., a 2022 Working Families Party memo on “coordinating” expenditures) contradict zero disclosures of relationships on IRS Schedule R forms from 2019–2023.
Donation Laundering: Charitable gifts to 501(c)(3) groups are passed to 501(c)(4) political arms, allowing donors to claim deductions under IRC §170 while funding unlimited campaign work—potentially triggering penalties under IRC §§4955, 6033, and 7206.
Voter Deception and Scale: Operations mimic grassroots efforts but evade campaign finance reporting; the improbably precise $40.9 million convergence on one candidate from shared funders suggests orchestration.
Taxpayer Burden: Government grants free up private funds for politics via “cash fungibility,” subsidizing the network indirectly.
The author describes a “five-step methodology”: tax-deductible donations → intermediary pass-throughs → conversion to political entities → PAC/campaign support → policy feedback loops, enabled by circular transactions (e.g., identical $45,697.14 exchanges) and shared leadership/infrastructure.Key Players
Funders: Soros networks like Foundation to Promote Open Society (501(c)(3)), Open Society Action Fund (501(c)(4)), Tides Foundation/Center/Advocacy, and Center for Popular Democracy.
Endorsers/Operators (all backed Mamdani in 2025 primaries/generals):
Working Families Party/Organization/PAC (received $10.19M; shared Brooklyn address).
Make the Road Action/NY ($16.83M; 8,000+ doors).
Bend the Arc Jewish Action ($13M+; first mayoral endorsement).
NY Communities for Change ($474,500; 7,500 doors, 30,000 calls).
Jewish Voice for Peace Action ($176,000; 80,000 doors).
MoveOn.org Civic Action ($204,000; 13,713 volunteer shifts, 379,454 letters).
Target: Zohran Mamdani, DSA-backed candidate opposing establishment figures.
Evidence HighlightsTraced via nine funding “channels” (2022–2025 data):
Channel 1: $5.7M direct from Open Society Action Fund to Working Families and Make the Road, yielding $2M PAC redistribution (Dec. 2024).
Channel 2a/2b: $4.99M via Tides conversions from Soros foundation, part of $29.7M annual flows.
Channel 6: $13M+ bidirectional grants to Bend the Arc (2018–2024), with rapid 2025 deployment.
Other channels detail penny-perfect transfers (e.g., June 11, 2025) and unreported metrics, supported by FEC/IRS links and media reports (e.g., The Guardian, Inside Climate News).
Pivotal quote: From a 2022 Working Families memo: “coordinating” Independent Expenditures—activities legally required to be independent.Conclusions and Call to ActionAntar argues this “industrial-scale” operation builds permanent infrastructure while shifting costs to taxpayers, demanding IRS probes into revocations, penalties, and donor clawbacks. He notes it’s the “visible tip” of broader patterns, inviting further evidence and emphasizing “substance over form” in tax enforcement. The full 10,000+ word report, with tables and visuals, serves as a “roadmap” for regulators.