Venture Capital Firm Owned by Ilhan Omar’s Husband SCRUBBED Names from its Website Amid Fraud Scrutiny

Go to Article

Amid the growing Minnesota fraud scandal, a venture capital firm belonging to Rep. Ilhan Omar’s husband Tim Mynett has quietly deleted several key names from its website.

Very suspiciously, these names were purged from the website just as several arrests were made in connection with the Minnesota welfare fraud scheme.

Keep in mind that the COVID-era meals program that was ultimately used to defraud the taxpayer was Rep. Omar’s brainchild in the first place.

However, none of the individuals whose names were scrubbed from the firm’s website have been arrested or accused of anything — at least, not at this time.

Here are the details:

Tim Mynett’s venture capital firm has already come under scrutiny for skyrocketing in terms of value since 2023.

In just one year, its wealth exploded from roughly $5 million to $25 million.

The New York Post has more:

Omar (D-MN) 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 Minnesota.

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 charged.

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 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 meals 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 in 2022, a venture capital management firm.

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.

Yet despite the reported windfall, the business’s only address is a WeWork in DC, according to its LinkedIn page.

Between September and October — when federal prosecutors announced charges to eight more individuals, including six of Somali descent, for their roles in the welfare scheme — the names and bios of Rose Lake Capitals’s nine officers and advisors were removed from the website. None of them were charged in the fraud.

Here are the names of all the people who were deleted from the website, per the NYP:

These names include lobbyist and former Obama Ambassador to Bahrain Adam Ereli; former Senator and Obama Ambassador to China Max Baucus; DNC Finance Chair associate Alex Hoffman; former DNC treasurer William Derrough and former ex-CEO of Amalgamated Bank Keith Mestrich, who once described Amalgamated as “the institutional bank of the Democratic Party.”

Gee, nothing to see here…

What do you think?

Does Rep. Ilhan Omar, her husband, and his firm need to be fully investigated as part of this giant fraud scandal?



Comment on this Article Via Your Disqus Account