Embattled Rep. Ilhan Omar’s husband’s venture capital firm quietly scrubbed key officer details — including former Obama officials — as scrutiny grows over the family’s skyrocketing wealth, The Post has learned.
Omar (D-Minn.) went from nearly broke to being worth up to $30 million in just a year — as a massive, up to $9 billion fraud scheme involving the Somali community in her district unfolded right under her nose in the North Star State.
Close to 90 people have been charged so far, including at least three with direct ties to the lefty “Squad” member, though she has not been accused of wrongdoing.
It was Somalia-born Omar — who was seen in a resurfaced video last month dishing out food in a restaurant now at the heart of the scandal — who introduced the legislation that critics say paved the way for what the feds have called the largest fraud of the pandemic.
The Jimmy Choo-wearing socialist introduced the MEALS Act in Congress in 2020, relaxing oversight of government-sponsored children’s meal programs during the pandemic, which critics say allowed fraudsters to claim they served millions of meals without verification, while pocketing millions of dollars in government subsidies.
Shortly after the scheme played out, Omar’s husband, political consultant Tim Mynett, launched Rose Lake Capital, a venture capital management firm, in 2022.
The company saw its reported value go from nearly zero in 2023 to between $5 million and $25 million in just a year, and touted its officers’ $60 billion in “previous” assets under management — an amount many Wall Street money managers only dream of.
“There’s a lot of strange things going on,” said Paul Kamenar, counsel to the National Legal and Policy Center. “She was basically broke when she came into office and now she’s worth perhaps up to $30 million … she needs to come clean on these assets.”
Rose Lake Capital, which touts its “deep global networks built from on-the-ground work in more than 80 countries,” had less than $1,000 in assets in 2023, according to Omar’s financial disclosure. --->READ MORE HERE
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Minnesota Congresswoman Ilhan Omar is facing scrutiny after her assets appeared to skyrocket from only $1,000 to almost $30 million in just one year.
Two companies, both owned by her husband and listed on Omar's most recent financial disclosure form, seemed to explode in value between 2023 and last year.
Rose Lake Capital LLC was valued between $5 million and $25 million in 2024, according to the document, filed in May.
The venture capital management firm is headquartered in Washington, DC. Omar lists the asset as 'partnership income' on her form and claimed she doesn't receive any income from Rose Lake.
However, in her 2023 report, released in May 2024, Rose Lake Capital is valued at between $1 and $1,000.
In the same report, the Somali-born socialist stated that another company, ESTCRU LLC, was worth between $15,001 and $50,000.
The firm is a winery in Santa Rosa, California. Its value is now listed between $1 million and $5 million, according to Omar's recent disclosure.
In response to the significant increase, the National Legal and Policy Center, a conservative nonprofit that monitors the ethics of liberal public officials, has confirmed it is 'certainly looking' at the progressive Congresswoman.
Peter Flaherty, chairman of the organization, confirmed to the New York Post that the center is investigating Omar's assets.
Omar, whose previous marriage to her own brother was exclusively revealed by the Daily Mail, also lists ESTCRU as another form of partnership income.
Her husband, Tim Mynett, has served as the president and co-founder of Rose Lake since 2022, according to his LinkedIn profile.
The Daily Mail has reached out to Mynett and Omar's offices for comment. --->READ MORE HERE
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