By Scrutiny is intensifying around Ilhan Omar after her husband’s venture capital firm quietly removed prominent names and biographical details from its website, a move that coincided with mounting questions about the congresswoman’s sudden accumulation of wealth and an expanding federal investigation into pandemic-era fraud in Minnesota.
The firm, Rose Lake Capital, was founded in 2022 by Tim Mynett, a political consultant whom Omar married in 2020. Until recently, the company’s website listed nine officers and advisors with deep ties to Democratic politics and finance, including former Obama-era diplomats and party insiders, reported The New York Post. Among them were lobbyist and former Ambassador to Bahrain Adam Ereli, former Senator and Ambassador to China Max Baucus, Democratic National Committee figures Alex Hoffman and William Derrough, and former Amalgamated Bank CEO Keith Mestrich, who once described the institution as “the institutional bank of the Democratic Party.”
Those names and biographies disappeared from the site between September and October, around the same time federal authorities announced additional charges in a sweeping fraud case involving child nutrition programs out of Omar’s congressional district in Minnesota. None of the individuals previously listed on Rose Lake Capital’s site have been charged in that investigation.
The website changes have fueled broader questions about the Omar household’s finances. According to her most recent congressional disclosure, Omar now reports assets valued between $6 million and $30 million — a dramatic reversal from earlier years when her net worth was minimal or negative. The bulk of that growth is attributed to Mynett’s business interests, including Rose Lake Capital, valued between $5 million and $25 million, and a California winery venture estimated at $1 million to $5 million. Omar has been accused of trying to hide her wealth.
In a shocking discovery, The Post noted, “The company saw its reported value go from nearly zero in 2023, to between $5 million and $25 million in just a year, and somehow claims to have already amassed $60 billion assets under management — an amount many money managers on Wall Street only dream of.”
The newspaper isn’t the only one left wondering what’s really going on. “There’s a lot of strange things going on,” said Paul Kamenar of 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 operates out of a shared workspace in Washington, D.C., and advertises extensive international experience alongside substantial assets under management. Mynett’s winery business, eStCru, has faced prior legal trouble, including a settled investor lawsuit alleging misrepresentation. The company appears inactive, with no current wine sales listed.
The developments overlap with an ongoing federal probe into alleged abuse of pandemic-era child meal programs in Minnesota. Nearly 90 people have been charged in connection with claims involving meals that were never served, with potential losses in the billions, and with no idea where the money went. Some of those charged had past connections to Omar’s political orbit, including campaign donations that were later returned and appearances at events tied to locations now implicated in the case.
In 2020, Omar sponsored legislation loosening oversight requirements for such nutrition programs during the COVID-19 emergency. Asked recently whether she had any regrets, Omar replied: “Absolutely not, it did help feed kids.”
Republicans have seized on the timing. RNC spokesperson Kiersten Pels said, “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.” Both Walz and his Lt. Governor, Abbey Flanagan, who is running for Senate, have bowed to pressure from the Somali community, led by Omar.
Federal authorities say the investigation into the nutrition program fraud — including possible money laundering — is ongoing, but the congresswoman has yet to be directly accused of wrongdoing related to the case.
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