Democrats are scrambling after the truth came out about their money man.
An explosive investigation just exposed a massive funding operation that could send shockwaves through the Left.
And George Soros got caught in one ugly scheme that turned Zohran Mamdani into a political powerhouse.
Conservative watchdog exposes $40 million money laundering operation
New York City's mayoral front-runner Zohran Mamdani built his entire political brand on being different from the billionaire class he routinely attacks on the campaign trail.
The 34-year-old State Assemblyman and his team sold voters a fairy tale about organic grassroots support powered by small donations and hundreds of young volunteers with backpacks knocking on doors.
That narrative just got blown to pieces.
According to a bombshell report from conservative watchdog White Collar Fraud, George Soros and his vast network of tax-exempt organizations orchestrated an elaborate $40 million scheme to manufacture Mamdani's meteoric rise.¹
The investigation alleges Soros-linked charities funneled tens of millions through a coordinated web of nonprofits in what could be one of the largest violations of federal tax law in recent political history.
Sam Antar, the lead investigator who filed 11 whistleblower complaints with the IRS, told the Daily Mail this isn't just about one candidate.
"The complete scope of this coordination can only be understood with investigative and subpoena powers," Antar explained. "What we document is merely the visible tip of an industrial-scale political enterprise."²
How the machine actually works behind closed doors
Here's how the scheme allegedly operated according to the forensic analysis.
Major 501(c)(3) charities — which are legally barred from any partisan political activity — channeled millions to affiliated 501(c)(4) social welfare groups that can engage in limited political work.
The problem isn't that 501(c)(4)s exist or do political organizing.
The problem is what happened next.
Those same nonprofits that publicly describe themselves as "partners" filed federal forms denying any coordination while simultaneously deploying "ground armies" that directly supported Mamdani's campaign.³
The report documents more than 100,000 doors knocked across New York City by this network — all while taking tax-deductible charitable donations.
Under federal law, 501(c)(3) funds can support 501(c)(4)s for nonpartisan work like issue advocacy.
But that money cannot be used to directly support specific candidates.
That's exactly what Antar's investigation claims happened.
"They were campaigning for a specific candidate," Antar said. "And that's the rub."⁴
The six Soros-affiliated organizations named in the report ultimately endorsed Mamdani and provided the infrastructure that mimicked grassroots organizing while being bankrolled by billionaire money.
Democrats perfected the art of manufacturing political stars
This goes way beyond one mayoral race in New York City.
Soros has spent more than $32 billion through his Open Society Foundations since 1984 to advance progressive causes worldwide.⁵
The network operates in multiple states and has funded hundreds of organizations pushing left-wing policies from criminal justice reform to immigration advocacy.
In Baltimore alone, Open Society pumped $2.3 million into local nonprofits and activist groups in 2022 for vaguely described "community organizing" and "general support."⁶
Leaders of a Beautiful Struggle, a Baltimore group that received $150,000 from Open Society, advocated for controversial laws that prosecutors say damage public safety.
The organization's director of public policy even proclaimed "Zionism is White Supremacy" in January 2024.⁷
Progressive Maryland, another recipient, pulled in $100,000 that same year.
Open Society's reach extends into media too — the Baltimore Beat newspaper received $100,000 in 2022, though it insists donors don't influence editorial decisions.⁸
Antar compared Soros's operation to historic political machines like Chicago's Daley organization or Tammany Hall, except operating at national scale.
"This is the 2025 version of that," he explained. "A machine that can produce candidates at scale."⁹
The Left's response reveals everything you need to know
Open Society Foundation spokesman dismissed the investigation as "riddled with inaccuracies, false assumptions and misinformation."
The group claims the grants were "earmarked for specific projects and causes elsewhere around the country" and were made years before the mayoral race began.¹⁰
But that defense falls apart under scrutiny.
The forensic analysis includes citations to IRS filings, campaign finance records, and internal reports showing the same organizations simultaneously denying coordination while publicly describing themselves as partners.
This isn't clerical error according to the investigation.
It's what the report describes as "systematic fraud."¹¹
Antar was convicted of fraud in the 1990s for his role in the "Crazy Eddie" securities scheme and now assists the government in white-collar investigations.
He knows how these operations work from the inside.
"Remember Al Capone," Antar told the Daily Mail. "They couldn't get him on murder, extortion, prostitution — they got him on income tax evasion."¹²
The implications stretch far beyond Mamdani's campaign.
If the allegations are proven, it would expose how progressive candidates across the country receive manufactured support disguised as organic grassroots movements.
Mamdani leads polls heading into tomorrow’s election against disgraced former Governor Andrew Cuomo and Republican Curtis Sliwa.
Democrats worked overtime to create the illusion of a young democratic socialist inspiring voters with his message about affordability.
The reality looks much different — billions of dollars in Soros money creating the infrastructure to manufacture political stars who advance the radical left agenda.
Antar acknowledges Mamdani will likely win but says that's not the point.
"What I want to do is go after the machine that produces candidates like him," he explained.¹³
The question is whether the IRS will act on the whistleblower complaints or whether Soros's political operation will continue churning out candidates while hiding behind tax-exempt status.
¹ Dana Kennedy, "Explosive report claims a network of charities connected to George Soros funneled $40M to support Zohran Mamdani's political rise in tax-dodging scheme," Daily Mail, October 31, 2025.
² Ibid.
³ Ibid.
⁴ Ibid.
⁵ "George Soros," Open Society Foundations, accessed November 2, 2025.
⁶ Julian Baron, "How George Soros has bankrolled non-profits, activists and media in Baltimore," FOX Baltimore, accessed November 2, 2025.
⁷ Ibid.
⁸ Ibid.
⁹ Dana Kennedy, "Explosive report claims a network of charities connected to George Soros funneled $40M to support Zohran Mamdani's political rise in tax-dodging scheme," Daily Mail, October 31, 2025.
¹⁰ Ibid.
¹¹ Ibid.
¹² Ibid.
¹³ Ibid.