New questions are emerging around Rep. Ilhan Omar after her husband’s venture capital company quietly removed the names and biographies of key officers and advisers from its website, including several former Obama-era officials, amid intensifying focus on the family’s rapidly expanding wealth.
The developments come as Omar’s personal net worth has surged dramatically in a short period of time. Financial disclosures show she went from having virtually no assets to being worth as much as $30 million within roughly a year, even as federal authorities uncovered what they have described as a massive fraud scheme tied to Minnesota’s Somali community that could reach as high as $9 billion.
Nearly 90 people have been charged so far in connection with the case. At least three individuals have direct ties to Omar, though she herself has not been charged.
Omar, who was born in Somalia, has drawn particular attention for her role in shaping policy critics say enabled the fraud. A resurfaced video from last month shows her handing out food at a Minneapolis restaurant that later became central to the federal investigation.
In 2020, Omar introduced the MEALS Act, legislation that loosened oversight of federally funded children’s meal programs during the pandemic. Critics argue the changes allowed fraudsters to falsely claim they served millions of meals without proper verification while collecting millions of dollars in government funds.
The congresswoman, known for her progressive politics and high-end fashion tastes, put forward the legislation at the height of the COVID-19 crisis.
In 2022, shortly after the alleged fraud scheme played out, Omar’s husband, political consultant Tim Mynett, launched Rose Lake Capital, a venture capital management firm.
According to public filings, the firm’s reported value jumped from nearly nothing in 2023 to somewhere between $5 million and $25 million just a year later. The company also claims to manage $60 billion in assets — a figure that has raised eyebrows across the financial industry.
“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 promotes its “deep global networks built from on-the-ground work in more than 80 countries,” yet Omar’s own financial disclosure shows the firm held less than $1,000 in assets in 2023.
Despite the company’s reported growth, its listed address is a WeWork office in Washington, DC, according to its LinkedIn profile.
Between September and October — around the same time federal prosecutors announced charges against eight additional suspects, including six of Somali descent — Rose Lake Capital removed the names and biographies of nine officers and advisers from its website. None of those individuals were charged.
Among the removed names were former Obama Ambassador to Bahrain Adam Ereli, former Senator and Obama Ambassador to China Max Baucus, Democratic National Committee finance associate Alex Hoffman, former DNC treasurer William Derrough, and former Amalgamated Bank CEO Keith Mestrich, who once described the institution as “the institutional bank of the Democratic Party.”
At the same time, Mynett’s other venture — a California winery previously described as a failed business — also saw a startling jump in reported value. The winery, which had been declared unsuccessful in 2023, was suddenly valued between $1 million and $5 million in 2024, representing an increase of roughly 9,900%.
The winery was the subject of a lawsuit filed in October 2023 by a wine investor who accused Mynett of defrauding him out of $900,000, alleging he “fraudulently misrepresented … that estCru, LLC was a legitimate company.” Mynett countered that the business struggled because of the pandemic. The case was settled out of court the following month.
The winery, eStCru, at one point promoted wines with names such as “Blockchain” and “The Devil’s Lie,” in partnership with a well-known California winemaker who later said she stopped being paid in early 2023. That year, the winery was listed on Omar’s financial disclosure as being worth just $15,000 to $50,000, making the sudden valuation spike the following year particularly striking.
Like Rose Lake Capital, the winery is listed as operating out of a WeWork office. It no longer appears to sell wine, based on extensive online searches.
Despite its reported value, the winery’s website no longer works, its phone number is disconnected, and its last social media post dates back to 2023.
“While working families were being ripped off by a massive welfare scam, Omar’s campaign took money from convicted fraudsters, her husband launched a firm that suddenly ballooned in value, and [Minnesota Gov.] Tim Walz looked the other way,” said Kiersten Pels, a spokesperson for the Republican National Committee.
When Omar first entered Congress in 2019, she reported a net worth ranging from negative $25,000 to negative $65,000, owning no assets and carrying only student loan and car debt.
Her most recent financial disclosure now places her assets between $6 million and $30 million, filed just months after she dismissed reports that she was a millionaire as “ridiculous” and “categorically false.”
Connections between Omar and the Minnesota welfare fraud case have continued to surface.
Her campaign accepted $7,400 in donations from at least three individuals who were later convicted in the fraud case, though Omar said the contributions were returned once the scandal became public.
She has also been linked to at least two members of Minnesota’s Somali community who have since been charged.
One is Salim Ahmed Said, co-owner of Safari Restaurant, where Omar held her 2018 congressional victory celebration. Said was convicted in August of stealing more than $12 million by claiming to serve 3.9 million nonexistent meals during the pandemic, prosecutors said. Authorities said he spent the money on a $2 million Minneapolis home and a $9,000-per-month shopping habit at Nordstrom.
“Does Ilhan Omar know these people? Are they from her wonderfully managed Home Country of Somalia?” President Donald Trump wrote on Truth Social when the charges were first announced. “Somali gangs are terrorizing the people of that great state, and billions of dollars are missing. Send them back to where they came from.”
During the height of the program in 2020, Omar appeared in a video filmed at Safari Restaurant praising the initiative.
“Every day Safari provides 2,300 meals to children and their families,” she said in Somali, while handing out food trays in a parking lot with her face mask pulled below her nose.
Another individual, Guhaad Hashi Said, worked on Omar’s campaigns in 2018 and 2020. He pleaded guilty in August to operating a fake food distribution site, Advance Youth Athletic Development, falsely claiming to serve 5,000 meals per day and pocketing $3.2 million.
Asked on Capitol Hill last week whether she regretted introducing the MEALS Act, Omar stood by the legislation.
“Absolutely not, it did help feed kids,” she said.
Minnesota Gov. Tim Walz has also faced growing criticism for allowing the scheme to unfold during his administration. Education Secretary Linda McMahon has called for his resignation, and Rep. Tom Emmer suggested possible criminal exposure.
“Ilhan Omar is as disingenuous as they come,” Emmer told The Post Saturday. “She promotes socialist policies while cashing in a taxpayer-funded paycheck and sitting on tens of millions of dollars. At least now we have an explanation for why she’s so out of touch with the priorities of hardworking, everyday Minnesotans.”
The Treasury Department and Justice Department have already opened investigations into potential money laundering tied to the broader fraud case.
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