The $30 million venture capital firm run by Rep. Ilhan Omar’s husband, Tim Mynett, has quietly removed the names and bios of its top officers and advisors from its website.
This comes as the Minnesota Democrat faces intensifying questions about her family’s explosive wealth surge, from near bankruptcy to millions, amid one of the largest welfare fraud scandals in U.S. history, centered in her own district.
According to a bombshell report from the New York Post, Rose Lake Capital, founded by Mynett in 2022, scrubbed the details of nine key figures between September and October 2025.
The list included high-profile Democrats like former Obama Ambassador to Bahrain Adam Ereli, ex-Senator and Obama Ambassador to China Max Baucus, DNC Finance Chair associate Alex Hoffman, former DNC treasurer William Derrough, and Keith Mestrich, the ex-CEO of Amalgamated Bank, which he once called “the institutional bank of the Democratic Party.”
None of these individuals has been charged with any fraud. However, the timing coincides with federal prosecutors announcing charges against eight more suspects in the massive Minnesota welfare scam, six of whom are of Somali descent.
Omar, a prominent member of the far-left “Squad,” entered Congress in 2019 with a net worth between negative $25,000 and negative $65,000, burdened by student loans and car debt with no assets to her name.
Fast-forward to 2024, and her financial disclosures show assets ballooning to between $6 million and $30 million.
How did this happen so quickly, and what role, if any, do connections to the $9 billion Minnesota welfare fraud play?
The scandal revolves around the theft of billions from government-funded children’s meal programs during the COVID-19 pandemic.
Nearly 90 people have been charged so far, including at least three with direct ties to Omar, though she herself has not been implicated or charged.
Fraudsters allegedly claimed millions of “phantom” meals that were never served, pocketing subsidies meant for hungry kids.
One key figure, Salim Ahmed Said, co-owner of Safari Restaurant in Minneapolis, was convicted in August of stealing over $12 million by fabricating 3.9 million meals.
Said’s restaurant hosted Omar’s 2018 victory party, and a resurfaced 2020 video shows Omar praising the program there, saying in Somali, “Every day Safari provides 2,300 meals to children and their families,” while handing out food trays.
Another convicted fraudster, Guhaad Hashi Said, worked on Omar’s 2018 and 2020 campaigns and pleaded guilty in August to running a fake food site that claimed 5,000 daily meals, netting $3.2 million in ill-gotten gains.
Omar’s campaign received $7,400 in donations from at least three now-convicted individuals, which she claims were returned after the scandal broke.
Omar pushed the MEALS Act in Congress in 2020, which critics argue loosened oversight on these programs, paving the way for the fraud. When asked last week if she regretted the legislation, Omar told a reporter, “Absolutely not, it did help feed kids.”
Mynett’s firm, Rose Lake Capital, reported assets under management of $60 billion despite operating out of a WeWork office in Washington, D.C.
In 2023, it was valued at less than $1,000 in Omar’s disclosures, but by the next year, it jumped to between $5 million and $25 million. The firm boasts “deep global networks built from on-the-ground work in more than 80 countries,” but details are scarce.
Adding to the intrigue, Mynett’s other venture, a California winery called eStCru, LLC (formerly estCru), faced its own fraud allegations.
In October 2023, an investor sued Mynett for allegedly swindling $900,000 by misrepresenting the business.
“The fraud case involved a wine investor suing Mynett in Oct. 2023, accusing him of swindling him of $900,000 as he ‘fraudulently misrepresented … that estCru, LLC was a legitimate company.’ Mynett claimed he simply struggled to build a business during the pandemic,” The Post reports.
The case settled out of court.
The winery, which once sold gimmicky wines like “Blockchain” and “The Devil’s Lie,” saw its value skyrocket from $15,000-$50,000 in 2022 to between one and five million in 2024, a staggering 9,900% increase.
Today, it appears defunct. No wine sales, a broken website, a disconnected phone, and no social media activity since 2023.
Omar has previously faced ethics complaints for quietly funneling hundreds of thousands of dollars to her husband’s consulting firm.
“In total, Mynett has received a whopping $878,930.65 from Omar’s campaign since he began working for her in 2018, raising eyebrows among watchdogs and political law experts who say the practice is rife with cronyism,” The Post wrote in a 2020 report on the matter.
Paul Kamenar, counsel for the National Legal and Policy Center, didn’t mince words, telling the New York Post this week, “There’s a lot of strange things going on… 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.”
In September, President Donald Trump asked about Omar’s ties to the fraud scam, writing on Truth Social, “Does Ilhan Omar know these people? Are they from her wonderfully managed Home Country of Somalia?”
Omar dismissed the wealth reports as “ridiculous” and “categorically false” earlier this year. Her office declined comment, citing a holiday closure until January 5.
Mynett did not respond to inquiries from The Post, and his businesses’ contact info is non-functional.
https://www.thegatewaypundit.com/2025/12/ilhan-omars-husbands-30m-firm-scrubs-names-website/
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