The venture capital firm helmed by Tim Mynett, husband of Representative Ilhan Omar, has discreetly erased the names and biographies of its leading officers and advisors from its online platform.
This development emerges as the Minnesota Democrat grapples with mounting scrutiny over her family's rapid financial ascent, transitioning from near insolvency to substantial wealth, amid a significant welfare fraud scandal unfolding within her district. According to Gateway Pundit, a report from the New York Post reveals that Rose Lake Capital, established by Mynett in 2022, removed the profiles of nine prominent figures between September and October 2025.
This list included notable Democrats such as 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 former CEO of Amalgamated Bank, which he once described as the institutional bank of the Democratic Party.
While none of these individuals have faced fraud charges, the timing aligns with federal prosecutors unveiling charges against eight additional suspects in the extensive Minnesota welfare scam, six of whom are of Somali descent. Omar, a key member of the progressive "Squad," entered Congress in 2019 with a net worth ranging from negative $25,000 to negative $65,000, burdened by student loans and car debt, with no assets to her name.
By 2024, her financial disclosures indicated assets swelling to between $6 million and $30 million. This dramatic financial transformation raises questions about the potential influence of connections to the $9 billion Minnesota welfare fraud.
The scandal centers on the misappropriation of billions from government-funded children's meal programs during the COVID-19 pandemic. Nearly 90 individuals have been charged thus far, including at least three with direct ties to Omar, though she herself has not been implicated or charged. Fraudsters reportedly claimed millions of "phantom" meals that were never served, pocketing subsidies intended for hungry children.
A pivotal figure, Salim Ahmed Said, co-owner of Safari Restaurant in Minneapolis, was convicted in August of embezzling over $12 million by fabricating 3.9 million meals. Saids restaurant hosted Omars 2018 victory celebration, and a resurfaced 2020 video shows Omar commending the program there, stating in Somali, Every day Safari provides 2,300 meals to children and their families, while distributing food trays.
Another convicted fraudster, Guhaad Hashi Said, who worked on Omars 2018 and 2020 campaigns, pleaded guilty in August to operating a fake food site that claimed 5,000 daily meals, netting $3.2 million in illicit gains. Omars campaign received $7,400 in donations from at least three now-convicted individuals, which she asserts were returned following the scandal's emergence.
Omar championed the MEALS Act in Congress in 2020, which critics argue relaxed oversight on these programs, facilitating the fraud. When questioned last week about any regrets regarding the legislation, Omar responded, Absolutely not, it did help feed kids.
Mynetts firm, Rose Lake Capital, reported assets under management of $60 billion, despite operating from a WeWork office in Washington, D.C. In 2023, it was valued at less than $1,000 in Omars disclosures, but by the following year, it surged to between $5 million and $25 million. The firm claims deep global networks built from on-the-ground work in more than 80 countries, yet details remain sparse.
Adding to the intrigue, Mynetts other venture, a California winery named eStCru, LLC (formerly estCru), faced its own fraud allegations. In October 2023, an investor sued Mynett for allegedly misappropriating $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 was settled out of court. The winery, which once marketed gimmicky wines like Blockchain and The Devils Lie, experienced a staggering 9,900% increase in value, from $15,000-$50,000 in 2022 to between one and five million in 2024. Today, it appears defunct, with no wine sales, a broken website, a disconnected phone, and no social media activity since 2023.
Omar has previously faced ethics complaints for discreetly channeling hundreds of thousands of dollars to her husbands consulting firm. In total, Mynett has received a whopping $878,930.65 from Omars 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, expressed his concerns to the New York Post, stating, Theres a lot of strange things going on She was basically broke when she came into office, and now shes worth perhaps up to $30 millionshe needs to come clean on these assets.
In September, President Donald Trump questioned Omars connections to the fraud scheme, 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 to comment, citing a holiday closure until January 5. Mynett did not respond to inquiries from The Post, and his businesses contact information remains non-functional.
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