In the latest developments concerning New York City's mayoral race, Zohran Mamdani, a 34-year-old state assemblyman and current front-runner, faces allegations suggesting that his campaign may have benefited from over $40 million in funding from George Soros's network of charities. This claim contrasts sharply with Mamdani's assertion that his political ascent has been powered by small donors and a strong grassroots movement.
The allegations were brought to light by a conservative investigative report from the group White Collar Fraud. The report suggests that a sophisticated network of nonprofits associated with Soros coordinated efforts to channel substantial funds into Mamdani's political operations, potentially circumventing established tax laws.
White Collar Fraud's report, spearheaded by former CPA and convicted felon Sam Antar, posits that these funds were laundered through tax-exempt organizations and then redirected to support political activity. Antar has filed 11 whistleblower complaints with the IRS, asserting that the scheme may have violated federal regulations.
The Open Society Foundation, a key Soros-linked group cited in the report, has vehemently denied any wrongdoing. A spokesperson from the foundation criticized the report, provided to the Daily Mail, for being "riddled with inaccuracies, false assumptions, and misinformation." They further clarified that grants were designated for specific projects across the United States, many of which were allocated well before the onset of the mayoral race.
Antar's 40-page dossier details the involvement of six Soros-associated organizations, including the Open Society Foundation. It alleges they worked in concert to endorse Mamdani and orchestrate field operations, including door-to-door canvassing and volunteer mobilization, which mimicked grassroots efforts.
According to IRS guidelines, 501(c)(3) charities are prohibited from directly supporting political candidates. However, Antar contends that the funds were funneled into 501(c)(4) entities, effectively transforming charitable contributions into political backing for Mamdani.
Documenting more than 100,000 doors knocked and extensive volunteer efforts in support of Mamdani, Antar insists his goal is not to thwart Mamdani's candidacy but to shed light on the broader political machine that he believes is manipulating the electoral process. He likens his investigative approach to the prosecution of Al Capone, where tax law enforcement could serve as a potent tool for accountability within political networks.
Soros, aged 93, has largely passed on the foundation's operations to his son, Alex Soros, who continues to pursue similar political priorities and objectives. The long-term strategy, as suggested by tweets from political commentator Breanna Morello, had been for Mamdani to run for NYC Mayor since 2014, with substantial foreign support, including from Soros and other international donors.
As this story unfolds, the impact on the NYC mayoral race and the larger political landscape remains to be seen. The allegations have ignited debate over campaign financing and the influence of powerful donors in American politics.
