Enemy of the State: George Soros, Open Society Foundations, and RICO Allegations!

Guest Contributor
Thu, 28 Aug 2025 08:22:28 +0000
Politics, ticker, Alexander Soros, Donald Trump, George SOROS, Open Society Foundations, OSF, Quantum Fund, Soros Fund Management

This report examines recent and historical allegations against George Soros and his son Alexander Soros. The primary focus stems from a viral X post accusing them of operating a criminal enterprise through the Open Society Foundations (OSF), invoking the U.S. RICO Act.

This report examines recent and historical allegations against George Soros and his son Alexander Soros. The primary focus stems from a viral X post accusing them of operating a criminal enterprise through the Open Society Foundations (OSF), invoking the U.S. Racketeer Influenced and Corrupt Organizations (RICO) Act. This is not an isolated claim; similar accusations have echoed from figures like Hungarian Prime Minister Viktor Orban.

While these allegations paint a picture of systemic manipulation and criminality, a forensic review raises questions about their evidentiary foundation. Are these claims rooted in verifiable financial crimes, or do they reflect political rhetoric amplified by ideological divides? This report dissects the context, analyzes the accusations, and provides a balanced assessment, drawing on public records, financial disclosures, and historical events.

Background on George Soros and the Open Society Foundations

George Soros, born in 1930 in Budapest, Hungary, is a Hungarian-American billionaire investor and philanthropist known for his hedge fund management and currency speculation. He survived the Nazi occupation of Hungary as a child and later emigrated to the United Kingdom, where he studied at the London School of Economics. Soros founded Soros Fund Management in 1970, amassing a fortune estimated at over $24 billion at its peak. His philanthropy began in 1979 with scholarships for Black South Africans under apartheid, evolving into the establishment of the Open Society Foundations (website) in 1993.

The OSF, now one of the world’s largest private philanthropic networks, operates in over 100 countries with a mission to promote open societies, democracy, human rights, and accountable governance. It has expended $23 billion over three decades, including $1.7 billion in 2023 alone, funding initiatives in education, public health, independent journalism, and civil society. Soros transferred approximately $18 billion of his personal wealth to the OSF in 2017, making it the second-largest private foundation in the U.S.

His son, Alexander “Alex” Soros, assumed chairmanship in 2023, continuing the focus on progressive causes. But does this vast network mask something more sinister, as critics allege, or is it a legitimate vehicle for global reform?

Key Allegations from the Recent Trump Post

This narrative about George Soros and his allegedly criminal OSF gained traction amid President Donald Trump‘s August 27, 2025, Truth Social post calling for RICO charges against the Soroses for “support of Violent Protests.” Trump wrote that George Soros and his radical left-wing son will be charged under the RICO Act for their support of violent protests and much more in the US.

PRESIDENT TRUMP VS. GEORGE SOROS: THE RICO BATTLE BEGINS
Jim Ferguson on X

Trump’s statement echoes unsubstantiated claims that OSF funds domestic terrorism, but it lacks specific evidence of criminal predicates under RICO, such as bribery, extortion, or money laundering. Why invoke RICO now, and what forensic trails support—or undermine—these assertions?

On X, a post by @FinalTelegraph accuses George and Alexander Soros of running a $25 billion “criminal empire” via the OSF, structured as a RICO violation. It claims this enterprise involves orchestrating chaos through financial speculation, funding violent protests (including $220 million allegedly for 2020 U.S. riots), and influencing global politics. The post references Soros’s 1992 “Black Wednesday” trade, where he profited over $1 billion by shorting the British pound, as evidence of predatory behavior. It further alleges the 2017 $18 billion transfer was a means to launder influence and evade scrutiny.

Historical Financial Maneuvers: Black Wednesday and Beyond

Soros’s most infamous trade occurred on September 16, 1992, dubbed “Black Wednesday,” when his Quantum Fund shorted the British pound, forcing the UK to exit the European Exchange Rate Mechanism (ERM). This resulted in a 15% devaluation of the pound and a profit of over $1 billion for Soros. Critics label this as economic sabotage, but legally, it was a shrewd bet on overvalued currencies amid ERM flaws. No charges were filed, and Soros has defended it as market correction.

Similar accusations arise from Soros’s involvement in other currency crises, like the 1997 Asian financial meltdown, where he was blamed for speculating against the Thai baht. Yet, forensic analysis reveals these were opportunistic trades in volatile markets, not orchestrated crimes. The question persists: Does aggressive speculation equate to racketeering, or is it the nature of global finance? Without evidence of fraud or insider trading, these events appear lawful, though ethically contentious.

The $18 Billion Transfer to Open Society Foundations

In 2017, Soros transferred $18 billion from his family office to the OSF, elevating it to a philanthropic giant. Allegations suggest this was a tax dodge or a means to perpetuate a “criminal enterprise” by funding subversive activities. However, U.S. tax laws incentivize such transfers to charitable foundations, and OSF‘s public filings show expenditures on legitimate causes, such as $219.9 million in Europe and Central Asia in 2023 for democracy-building. A probing review questions the opacity: While OSF discloses grantees, the sheer scale invites scrutiny for potential influence-peddling. Is this a benevolent endowment or a veiled slush fund? No audits have uncovered illegality, but the transfer’s timing—amid rising political attacks—warrants deeper forensic accounting to trace fund flows.

Allegations of Funding Protests and Riots

The X post claims OSF funded the 2020 U.S. riots with $220 million, linking it to Black Lives Matter protests following George Floyd‘s death. Fact-checks reveal OSF pledged $220 million for racial justice initiatives, but this supported advocacy, not violence. Claims of direct riot funding stem from conspiracy theories, often amplified by figures like Texas Agriculture Commissioner Sid Miller, but lack evidence. OSF has funded groups like the Tides Foundation, which supports progressive causes, but no forensic links tie these to criminal acts. Trump’s recent RICO call revives these narratives, yet without subpoenaed financial records showing intent to incite violence, they remain speculative. Could legitimate philanthropy cross into sedition, or are these smears against dissent?

Accusations from Viktor Orban in Hungary

This is not Soros’s first brush with such claims. Hungarian Prime Minister Viktor Orban has accused Soros of plotting to “flood” Europe with migrants since 2015, citing a Soros op-ed advocating for EU asylum policies. Orban’s government passed “Stop Soros” laws in 2018, criminalizing aid to migrants, which were ruled unlawful by the EU Court of Justice in 2021. Billboards and campaigns portrayed Soros as a puppet-master undermining Hungarian sovereignty.

Orban’s rhetoric frames Soros as a threat to national identity, forcing Central European University (founded by Soros) to relocate from Budapest in 2019. While Orban cites OSF‘s migration grants, evidence of criminality is absent; instead, it appears as political theater to consolidate power. Why target Soros specifically? His Jewish heritage and liberal stance fuel antisemitic undertones in these attacks, raising questions about motive over merit.

Soros’ Political Positions and Philanthropy

Soros identifies as a progressive globalist, advocating for open borders, refugee rights, and criticism of authoritarianism. His OSF supports anti-corruption, LGBTQ+ rights, and drug policy reform, donating over $32 billion total. Politically, he has backed Democratic causes in the U.S., including district attorney races focused on reform. Critics argue this philanthropy masks regime-change agendas, as seen in OSF‘s role in Eastern Europe’s color revolutions. Yet, Soros frames it as countering totalitarianism, drawing from his experiences under Nazism and communism. Is this altruism or influence-buying? The scale of his giving demands transparency, but no proven financial crimes emerge from reviews.

Analysis and Assessment

Forensically, RICO requires an “enterprise” with a pattern of racketeering activities (e.g., wire fraud, extortion). The allegations hinge on interpreting OSF‘s grants as funding crime, but public records show no such pattern—only lawful advocacy. Black Wednesday was legal speculation; the $18 billion transfer complied with IRS rules; and protest funding lacks ties to violence.

These claims often originate from politically motivated sources, like Orban’s illiberal regime or Trump’s base, exploiting Soros as a scapegoat. Antisemitic tropes underpin many narratives, questioning their credibility. While OSF‘s influence is undeniable and warrants oversight, equating it to a criminal syndicate strains evidence. If RICO applied, we’d see indictments—yet none have materialized, suggesting rhetoric over reality.

Conclusion

The allegations against George Soros and his “scheme” blend fact with fiction, amplified by figures like Orban and Trump. While his financial power invites scrutiny, a questioning forensic lens reveals politically charged hyperbole rather than prosecutable crimes. True accountability demands evidence, not echoes. Should new disclosures emerge, reevaluation is essential; until then, these claims risk eroding trust in legitimate discourse.