March 15, 2023 – Dan Goldman’s non-profit organization is set up in the Cayman Islands; story surfaces again during DOGE USAID audit

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Rep. Ritchie Torres (D-Bronx) and Rep. Daniel Goldman (D-Brooklyn) speak to reporters outside of Rep. George Santos’ (R-NY) office on Jan 10, 2023, after delivering to Santos a copy of their complaint to the House Ethics Committee. (Credit: Laura Figueroa Hernandez/Newsday RM via Getty Images)

Rep. Daniel Goldman’s, D-N.Y., non-profit organization has reported investments worth upwards of $32 million in private funds organized in the Cayman Islands, a popular tax haven for wealthy investors and hedge funds.

The Richard W. Goldman Family Foundation — which Goldman founded a decade ago with his two siblings in memory of their father to “promote equality” and eliminate barriers for the disadvantaged — had investments worth $6.1 million and $26.1 million, respectively, in two private funds based in the Cayman Islands by the U.S. firm BBR Partners LLC., as of December 2020, according to the group’s most recent tax filings reviewed by Fox News Digital.

Documents filed with the Securities and Exchange Commission show the two funds, BBR Equity Long/Short Ltd. and BBR Absolute Return Ltd., are organized in the Cayman Islands.

The Cayman Islands serve as a popular tax haven for wealthy Americans because the small island country has no personal income taxes, no capital gains taxes, no payroll taxes, no corporate taxes and doesn’t withhold taxes on foreign entities, according to a December report from the Corporate Finance Institute. Certain provisions of the U.S. tax code, which have faced scrutiny from U.S. lawmakers for years, ultimately allow investments from groups such as Goldman’s non-profit to avoid paying federal taxes that would otherwise be owed.in taxation.

In addition to the $32.2 million invested overseas, Goldman’s foundation invested another $13 million in funds managed by BBR Partners, but organized in America. Overall, the non-profit reported assets worth $82.2 million in 2020.

According to the group’s 2020 tax filings, Goldman, who is a freshman congressman and member of the powerful House Oversight Committee, served as its secretary and treasurer of the foundation, giving him direct oversight of its finances. He had assumed the secretary position in 2012 and the treasurer position in 2018.

The New York lawmaker’s most recent financial disclosure filed with the House of Representatives Clerk showed that he has maintained his position on the foundation’s board of advisors as of July 2022.

But while his foundation reported investments in funds organized in the Cayman Islands, Goldman has repeatedly called on the government to hike taxes for the wealthiest Americans since taking office earlier this year.

“At a time of record wealth inequality, the wealthiest among us must help to provide more access for others to pursue the American dream that they have benefited so much from,” Goldman said in a statement last week. (Read more: Fox News, 3/15/2023)  (Archive)

This story surfaces again in February, 2025

A Grok summary on this issue:

Congressman Daniel Goldman has not explicitly threatened to take Elon Musk to court in a single, clear instance based on the available information. However, tensions between Goldman and Musk appear to stem from broader political and legal conflicts, particularly related to Musk’s role in the Department of Government Efficiency (DOGE) and its actions under the Trump administration as of early 2025.
Goldman, a Democratic representative from New York, has been a vocal critic of Musk’s influence and activities, especially concerning DOGE’s efforts to overhaul federal government operations. One key point of contention involves DOGE’s access to sensitive government data and its aggressive cost-cutting measures, such as workforce reductions and agency restructuring. For instance, Goldman has publicly criticized Musk’s involvement in slashing federal agencies, accusing him of undermining cybersecurity and national security, as highlighted in a February 5, 2025, statement from his congressional website. This statement doesn’t mention a direct lawsuit but reflects a stance that could lead to legal challenges.

Additionally, posts on X and various news reports suggest that Goldman’s criticisms escalated in response to specific DOGE actions, such as an audit or interference with the U.S. Agency for International Development (USAID). One X post from February 9, 2025, claims Goldman threatened Musk with court action over a USAID audit, linking it to unverified rumors of Goldman’s personal financial misconduct. However, this claim lacks substantiation from credible sources and should be treated as inconclusive without further evidence.

More concretely, Goldman has been involved in broader legal efforts against Musk and DOGE. In November 2023, he co-led a letter with Representative Jamie Raskin demanding that Musk and X enforce platform guidelines against misinformation, signaling early friction. By February 2025, multiple lawsuits—some involving Democratic state attorneys general—challenged DOGE’s authority, with one case resulting in a judge ordering Musk to destroy accessed Treasury data. While Goldman isn’t directly named as a plaintiff in these suits, his public statements align with their intent, suggesting he supports or could initiate similar legal action.

In summary, Goldman’s “threat” to take Musk to court likely reflects his broader opposition to Musk’s DOGE activities—such as data access, agency cuts, or audits—rather than a specific, documented legal filing from him personally. The exact reason, like a USAID audit, remains speculative without precise confirmation, but it fits within Goldman’s pattern of criticizing Musk’s unchecked influence and alleged overreach. (Grok AI, 3/13/2025)