Bombshell report: How George Soros used $40 million on "political charity"

The campaign of New York mayoral candidate Zohran Mamdani is facing serious allegations that he benefited from tens of millions of dollars in funding channeled through charities linked to billionaire George Soros, in a scheme that may have violated federal tax laws.

The report that raised doubts

The Daily Mail writes that according to a report published by the conservative investigative website White Collar Fraud, a network of foundations and nonprofit organizations linked to Soros allegedly coordinated political activity to support Mamdani, using charitable funds worth over $40 million for electoral purposes.

The report alleges that these funds, which were supposed to be used for social projects, were used in a disguised way for political campaigning, helping Mamdani build a movement that at first glance appeared to be “organic” and “grassroots.”

Soros' group has rejected the allegations, calling them "filled with inaccuracies and misinformation."

“The grants in question – many of which were intended for other causes in different countries – were awarded years before the mayoral race began,” a spokesperson for the Open Society Foundation, currently run by Alex Soros, the son of founder George Soros, told the Daily Mail.

Investigator Antar: "A political machine that uses the tax code as a weapon"

According to financial fraud investigator Sam Antar, who conducted research for the report, organizations linked to Soros may have violated federal tax law.

Antar, a former accountant and now a US government collaborator in economic fraud investigations, told the Daily Mail that "what was uncovered resembles a sophisticated political machine that used the tax code as a weapon to produce a winning candidate."

He described Mamdani as “a product of that machine,” adding that tax-exempt organizations “helped fund activities that mimicked a grassroots campaign, including door-to-door campaigns and the mobilization of youth volunteers.”

The thin line between charity and politics

Under US tax law, an organization can only fund non-partisan purposes, such as advocacy for public issues or civic education.

However, using these funds to support a particular candidate is prohibited by law – a fine legal line that is often difficult to prove without internal documents or communications that demonstrate political intent.

For its part, Mamdani's team has insisted that his campaign is "the product of grassroots support," built with "small donations and civic activism," denying any connection to Soros funds or any irregular sources.